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0 pointsAngryData23d ago0 comments

To be fair economists don't agree on many things and even the most mainstream theories are regularly challenged as inadequate and ineffective at explaining past and current economic trends and bad at guiding policy changes and decisions.

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philwelch22d ago

There is a very broad consensus that labor theory of value is nonsense however.

And when it comes to a theory being “bad at guiding policy changes and decisions”, attempts to implement Marxism killed more people than the world wars, many through famine.

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philwelch22d ago

There is a very broad consensus that labor theory of value is nonsense however.

And when it comes to a theory being “bad at guiding policy changes and decisions”, attempts to implement Marxism killed more people than the world wars, many through famine.

j / k navigate · click thread line to collapse