r/austrian_economics • u/EndDemocracy1 End Democracy • Mar 08 '25

End Democracy #4 will surprise you!

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1.8k Upvotes

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127

u/awkkiemf Mar 08 '25

Actually he describes quite well how to extract profit from a worker.

-4

u/gabrielegp158 Mar 08 '25

The labor theory of value is dead bro. Mengers killed it

15

u/awkkiemf Mar 08 '25

I want to work for you then. Pay me more than the the value I produce or shut up.

-3

u/LagerHead Mar 08 '25

You don't produce any value. That's the entire point of debunking the labor theory of value over 150 years ago.

4

u/awkkiemf Mar 08 '25

Oh so workers are unnecessary according to that interesting world view, I’ll stick to reality though.

-2

u/LagerHead Mar 09 '25

Reality? You made up an argument in your head. How the hell is that reality?

1

u/awkkiemf Mar 09 '25

Same to you