Read Part 1 here;  Part 2 here Perhaps Pena does not see this because he does not appear to grasp the point that in the Marxian concept of socialism (aka communism – unlike Lenin, Marx never differentiated between these two terms), the question of “exchange value” becomes completely redundant (and, with that, the preoccupation with … Continue reading The Marxian Theory of Value: A Response to David Pena (Part Three)