Nick’s Reviews > Studies in Mutualist Political Economy > Status Update

Chap 2 complete

Chapter 1 was very good. I think I get the argument so far. Classical economists believed the STV applied in the short term and for non-reproducible goods, and that the LTV applied in the long term and for reproducible goods. Marxists and other leftists inspired by Ricardo stressed the cost/supply side of things, and Austrians stressed the utility/demand side to the exclusion of the LTV.