is it worth writing a blog post about how LTV is obviously wrong? i assume this is, like, economics 101, so it wou be completely unnovel, and the set of people who would read my blog posts is surely disjoint from the set of people who take LTV seriously
I had to Google “LTV”. I believe it means the Labour Theory of Value, that the work put in to create something is a measure of that thing’s value. Seems absurd to me. Is there anyone here who believes in it? Or elsewhere, even?
I think a version where you steel man (or find the strongest version) and then dismantle it would be good, or if you try to surface and satisfy the intuitions that motivate it, or similar high-effort ITT-passing stuff.
I think there’s an interesting discussion with fun side quests to be had here, and I’m often disappointed by the sneering, uncharitable tone wielded by those armed with The Correct Economics.
[for removal of doubt: I am not an LTV believer and think many ideas on the left are economically unsound. I just think the usual modality of refuting their case around these parts hardly ever works.]
is it worth writing a blog post about how LTV is obviously wrong? i assume this is, like, economics 101, so it wou be completely unnovel, and the set of people who would read my blog posts is surely disjoint from the set of people who take LTV seriously
I had to Google “LTV”. I believe it means the Labour Theory of Value, that the work put in to create something is a measure of that thing’s value. Seems absurd to me. Is there anyone here who believes in it? Or elsewhere, even?
I don’t know how many people explicitly believe it but there is a general worldview that inherently assumes it. There are common memes that use this to show the unfairness of pay disparity, such as this one. Inherently it assumes the only fair way for one person to be paid 351x more than another is if they work 351x harder—LTV. https://www.reddit.com/r/antiwork/comments/yrdbyg/ceos_are_not_worth_351_times_the_average_worker/
I also had to google it and google AI said that LTV means “Lifetime Value”.
I think a version where you steel man (or find the strongest version) and then dismantle it would be good, or if you try to surface and satisfy the intuitions that motivate it, or similar high-effort ITT-passing stuff.
I think there’s an interesting discussion with fun side quests to be had here, and I’m often disappointed by the sneering, uncharitable tone wielded by those armed with The Correct Economics.
[for removal of doubt: I am not an LTV believer and think many ideas on the left are economically unsound. I just think the usual modality of refuting their case around these parts hardly ever works.]
i misread that as LVT and was greatly confused for a moment