Last Updated：2025/12/07

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(economics) 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.

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mud pie argument

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Source Word

mud pie argument

Noun

uncountable

Japanese Meaning

（経済学）労働価値説に対する反論の一つ。たとえ莫大な労働が費やされたとしても、最終的に得られる成果（＝泥パイ）がほとんどまたは全く価値を持たないという点を指摘する論法

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Economists often dismiss the mud pie argument as a simple intuition pump against the labor theory of value.

Google Translation / DeepL Translation

経済学者はしばしば、労働価値説に対する直感的な反論として泥のパイの例を軽視する。

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Sense（1）

Actually, it was Böhm-Bawerk, one of the prominent leaders of the Austrian school [12], who used the ‘mud pie argument‘ to attack the classical economists in general and Karl Marx in particular for using the labour theory of value. The fact that a product ‘costs‘ a certain amount of labour does not mean that it has some value.

Google Translation / DeepL Translation

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mud pie argument

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