Law of Value 3: Das MudPie by Brendan M. Cooney

https://dandelionsalad.wordpress.com/

brendanmcooney | May 13, 2010

If you spend any time reading about Marx’s theory of value on the internet you probably will come across some version of this asinine excuse for a critique called “the mudpie argument.” The basic style of the mudpie argument is similar to many advanced by those who know nothing about Marx’s theory of value: one constructs a ridiculous strawman argument that has nothing to do with Marx and then proceeds to knock it down with “devastating” brilliance, moral outrage, and a few clever asides about Stalinism. The MudPie argument goes something like this:

Marx claimed that labor is what gives all commodities value. But what if I make a mudpie? This is a product of labor yet nobody will buy it. It has no value. So Hah! Take that Karl Marx!

Full Text at:
http://kapitalism101.wordpress.com/20…

*

see

Law of Value 1: Introduction by Brendan M. Cooney

Law of Value 2: The Fetishism of Commodities by Brendan M. Cooney

Law of Value 4: Use-Value, Exchange Value, Value by Brendan M Cooney

Law of Value 5: Contradiction by Brendan M. Cooney

Law of Value 6: Socially Necessary Labor Time by Brendan M. Cooney

Law of Value 7: Production and Exchange by Brendan M. Cooney

Law of Value 8: Subject/Object by Brendan M. Cooney

Law of Value 9: Abstract Labor by Brendan M. Cooney

Law of Value 10: Price and Value by Brendan M. Cooney