see also >economics – macro, next paradigm, heterodox, pluralist
marxist.com/about In Defence of Marxism – launched in 1998 – has become one of the world’s foremost sources of Marxist theory, analysis on current events and the history of the revolutionary workers’ movement.
medium.com 10-2023 The Labour Theory of Value is Correct and Important – by Alexander Douglas
I’m returning to the Labour Theory of Value (LTV) after writing a series of posts about it here, here, here, here, and here. Writers on Marx often claim that the LTV isn’t necessary to understand his story about capitalism, the nature of exploitation, etc. A recent example is found in this blog post by Professor Liam Kofi Bright at the London School of Economics. I think people say this because the LTV is supposed to have been refuted, and they don’t want to damn the rest of Marx’s theory alongside it. I believe that (i) the LTV is indispensable to Marx’s story and (ii) this shouldn’t worry those who believe his story, because the theory is correct. The refutation rests on a false assumption. …