Chapter 17 of Steve Keen’s Debunking Economics is a rejection of the Marxist Labour Theory of Value(LTV), and with it the most generally accepted analytical form of Marxism. However, Keen does not reject Marx’s ideas outright, instead suggesting and praising an alternative interpretation: one shorn of the LTV, the tendency for the rate of profit to fall, and hence the inevitably of socialism.
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Scooped by
jean lievens
onto real utopias November 9, 2014 1:18 AM
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