[lbo-talk] what is value anyway?

[Wojtek Sokolowski]

I've seen the word being tossed aorund in many contexts, mainly because it
creates "good vibes" since value soundls like a good thing, moral values,
familiy, values, economic value, social value and so on.  But what is it,
exactly?  

What does the term "production of value" mean?  We can produce things, like
sneakers or automobiles, or services like curing diseases or telling other
people how to live their lives.  But where is value in those things, other
than their price?

Sorry to be such a nominalistic and materialistic bore, but debating
abstractions with poorly defined or no empirical meaning always looked to me
like a wild goose chase.

Wojtek