this post was submitted on 08 Oct 2026
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His and Cottrell’s attempts to empirically prove the law of value always seemed a little fishy to me, but I never put in the effort of figuring out what my problem is with it. I guess it’s incompatible with my understanding of Marx’s value theory. It’s likely to lean on a physicalist interpretation of value which is usually coming from a neo-Ricardian bad interpretation of Marx.