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It is remarkable how little attention this gets.

Marxism has nice slogans, but very little attention is given to the details of what is the value of good quality paper clips or whatever.

The assumption of perfect knowledge and that wise central planners can beat bottom up and local knowledge is wrong. It's interesting what a common assumption it is too. Even though government and large organisation inefficiency is often remarked about.

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In the same vein, very little attention is given by capitalism to the details of what is the value of things that don't have a price, like, ecosystems, or human dignity.

The assumption of perfect efficiency and that the free market magically leads to the best outcome for all is wrong. It's a very common assumption too. Even though the absurd level of inequalities or the ultra short-sighted plundering and wreaking of natural resources are often remarked about.

>Marxism has nice slogans, but very little attention is given to the details of what is the value of good quality paper clips or whatever.

Even less attention is given to those (and more important things, like the environment) by liberal capitalism. The market will sort it all out.

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