- cross-posted to:
- socialism@lemmy.ml
- marxism@hexbear.net
- cross-posted to:
- socialism@lemmy.ml
- marxism@hexbear.net
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This seems like a good read. Bookmarked after a skim.
I’m currently reading “How Labor Powers the Global Economy,” and after skimming the OP, this seems like exactly what HLPtGE set out to address. It’s a very, very compelling reformulation of capitalist economics and the LTV that embraces the inherent chaos of prices without hand-waving them away, like most economists of all persuasions, including Marxists, do today. Its a model that borrows a lot of techniques from statistical mechanics and other physical sciences, so much so that people have started calling the approach “econophysics.”
Oh interesting, haven’t run across HLPtGE. Sounds like a good complementary read.