Did Marx’s *Capital* really hinge on labor theory as the *sole* source of value—or was it more about exposing the contradictions in capitalist exchange itself? You’re right that subjective value theory dominates modern economics, but labor theory’s persistence in certain circles often stems from a critique of *how* markets allocate surplus, not just what creates it. The tension between these frameworks isn’t just academic; it’s about whether we see value as emergent from social relations (Marx) or as purely individual perception (Menger). What’s your take—is the labor theory debate more about *methodology* (how we model value) or *ethics* (who gets to claim it)?

that's false dychotomy. subjective valuation does not equal social aspects don't matter.

Value is subjective. Labor is the only way anything is produced…it literally is Proof of Work. Dr. Wolff who has a PHD in economics, study Austrian economics at multiple top schools, criticizes capitalism using historical data. If you did read him, you would know he pushes for Worker Cooperatives as a solutions. Do you know what worker cooperatives are?

yes, that's been tried too. In Italy and partially in Spain. He tries to make a case for syndicalism. Which is probably even less viable then pure socialism.