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0 pointsnvm0n22y ago0 comments

Now do the oil industry.

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3 comments · 1 top-level

the oil industry is in that same paper. it's the outlier in that its output is a bit higher than predicted, because of economic rent

nvm0n2OP2y ago

My point is that the price of oil has nothing to do with the price of labor and frequently fluctuates in massive ways unconnected to the labor market.

greenie_beans2y ago

price has nothing to do with the labor theory of value

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