bripat9643
Diamond Member
- Apr 1, 2011
- 170,163
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In other words, any claims about the value of a product independent of price are pure moonshine.ROFL! So how is value caculated? What is the value of an orange?You proved nothing but your ignorance of the difference between price and value. Value is intrinsic in a commodity while price fluctuates with external factors.Wrong.The labor theory of value was proved wrong over 100 years ago.
If it was you would have no problem in demonstrating that knowledge for us now.
I'll prove it wrong right here and now:
On Monday the price of oranges is $1.00/lb. Monday night there is a severe cold wave in Florida. Half the orange crop dies. Tuesday the price of oranges is $3.00/lb. How did the amount of labor to produce each orange change between Monday and Tuesday?
Value is subjective. The value of any good or service depends who is evaluating it.