Even among Marx-friendly economists, the labor theory of value has fallen out of favor. But its technical validity is less important than the core message: workers are exploited because the value they create is undemocratically taken by capitalists. by Ben Burgis Part 1 In 1865, Karl Marx filled out a questionnaire. We thus know, for example, his favorite color (red), his favorite food (fish), and his favorite names (Jenny and Laura, those of his wife and daughter). He left the line for “ figure in history you dislike the most ” blank (my best guess is that he had trouble narrowing down the list) and listed two for “ your hero ” — Johannes Kepler and Spartacus. Those latter choices tell you everything about how Marx understood his theoretical project. Kepler assimilated the study of the heavens into mundane physics by discovering laws of planetary motion. Spartacus led a slave revolt. Marx’s collaborator, Friedrich Engels, called their project “scientific socialism.” The idea wasn’t