The Labour Theory of Value serves as the base for all far-Left, Marxist, economic belief; however it is completely debunked by the Subjective Theory of Value and its own logical flaws.
In this video I explain both ideas in full, why LTV is completely wrong and why the subjective theory of value is a much better explanation on how things get their value.
Economics is an important field of study and everyone should have at least a basic understanding of it in order to understand interactions in the real world.
I hope you enjoy the video.
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