From: hal@finney.org
Date: Wed Nov 17 1999 - 18:03:00 MST
Arkuat writes:
> Billy Brown writes:
> > A not-completely-insignificant quibble: I would say "The cost of
> > a product depends on the total quantity of human effort (direct
> > and indirect) required to make it." Energy and material costs are
> > really just indirect human labor costs.
>
> Huh? I thought the labor theory of value was discredited along
> with the rest of Marxism.
Someone else said this too, but Billy is talking about costs, not value.
Value will of course depend on how much people want the product, but
costs are independent of how much it is desired. So I don't think it
is correct to compare Billy's arguments to Marxism.
Hal
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