Labor and Land theory of value

[Belleraphone]

Edit: Can someone point to a Marxist rebuttal of Marginal Utility and "useless work" (digging a hole for 5 hours and filling it back up)

[Die Neue Zeit]

This should be in either Learning or Economics.

[Rafiq]

This should be in either Learning or Economics.

Or, judging from the User's new title, it should be in Opposing Ideologies.

[Rafiq]

Edit: Can someone point to a Marxist rebuttal of Marginal Utility and "useless work" (digging a hole for 5 hours and filling it back up)

Oh, and to answer your question:


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Comrade, throughout everything Marx wrote, in his intelligence, in his awe aspiring knowledge of economics, don't you think he would have taken such an argument into consideration?

[ComradeRed]

Edit: Can someone point to a Marxist rebuttal of Marginal Utility and "useless work" (digging a hole for 5 hours and filling it back up)
And what is the marginal utility of a hole?

Is there diminishing returns to scales?

(Hint: no, because for all practical purposes, the viable land one could use to dig holes on is "infinite"; and the value of a hole does not decrease as more is produced...)

What's the demand market for "digging a hole, then filling it up again" services?

(Hint: if there is no marginal utility, there cannot be a demand curve according to Neoclassical economists, and hence no curve...)

No marginalist ever stops to realize that their own examples could be used against them... :lol:

[Robespierre Richard]

Edit: Can someone point to a Marxist rebuttal of Marginal Utility and "useless work" (digging a hole for 5 hours and filling it back up)

Well, the fact is, marginal utility tries to bridge use-value with exchange value, as if they were the same. I'm kind of busy right now, but the answer to this lies in Capital, Vol. 1, Part I: Commodities and Money. So you might want to read that if you want to be educated on the subject rather than just have talking points for a debate...