[lbo-talk] What Is Value, Anyway?

Carrol Cox cbcox at ilstu.edu
Sun Apr 10 17:18:28 PDT 2005


Autoplectic wrote:
>
>
>
> Ok, so, either a comodity is equatable with it's price or there is
> something about the commodity that exceeds the price. Problems of
> induction and *definition* enter here.
>

At any given time under any given historical conditions human activity (time) is being distributed in various ways. Explaining price is of no value in explaining that distribution of living human activity or its historical roots.

I still don't see why (except for professional economists -- i.e., except for readers of birds' entrails) price theory is all that useful or important.

Understanding how time gets allocated seems to me the question of human history.

Carrol



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