mud pie argument

Noun

 * 1)  The argument against the labor theory of value pointing out that mud pies that take an immense amount of labor still have little to no value.
 * 2) * 2019, Adam Booth, Rob Sewell, Understanding Marx’s Capital: A reader’s guide, Wellred Books, page 84:
 * Firstly, as Marx asserts, for a commodity to have an exchange-value, it must first have a use-value – that is, there must be a social need for the commodity. If there was no such need, the commodity would not and could not be exchanged at all, and hence it would contain no value. The mud pie argument, then, falls flat on its face.
 * Firstly, as Marx asserts, for a commodity to have an exchange-value, it must first have a use-value – that is, there must be a social need for the commodity. If there was no such need, the commodity would not and could not be exchanged at all, and hence it would contain no value. The mud pie argument, then, falls flat on its face.