"Charlie" <[email protected]> wrote: > Do the authors really expect a direct measurement of every conceptual entity in a theory?
> Or as I found, the Marxist labor theory of value arrives at important, data-supported conclusions about the course of capitalist accumulation -- with no need for a tally of capital by a price proxy. Not all conceptual quantities need to be measured; their importance is that they lead to verifiable statements about economic development. Good observations. Naive commentors think that the labor theory of value should be able to establish a labor hour value for each item or service. -- Ron
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