r/Marxism • u/Inevitable_Tax_1148 • 1h ago
Something on LTV!
Hello everyone. I am hailing from the kerala state of india, a red bastion of Communist party of India(Marxist)/CPIM. I've been born into a party family where i got the exposure to this beautiful ideology from childhood itself.I was impressed by the historical struggles of the Communists from the time of independence till today.
As i said, i learned about communism more through my experience and history. Even though i knew that there are core theories of marx and Engels, party/party workers of my area never took the initiative to at least read those.
Recently i got introduced to Marx's LTV and it's quite good. There were discussions along the social media on this and i decided to learn the basics and learned it. I would like to learn more. But there are some doubts on this
1) what was the end? Like.. Did we win at the end. Mainly there are two theories, labour and utility. I saw so many research papers on support of LTV(anwar sheiks) and critics for it too.where did that end? Is the discussion still going in the economic world?
2)what are the legit criticisms against LTV? All those criticisms i saw on youtube came out of the misunderstanding of the theory(confusing value with price,definition of commodity, mudpies). But what are the legitimate criticisms against it? Or are you saying that LTV at its own essence is near perfect?
Thankyou