- 25 Sep 2024 18:51
#15325750
How do you determine the value of use for any good, service or product?
Wandering the information superhighway, he came upon the last refuge of civilization, PoFo, the only forum on the internet ...
Truth To Power wrote:What point do you incorrectly imagine that would prove?
ingliz wrote:value
/ˈvaljuː/
noun
1. the usefulness of something.
It seems not.
ingliz wrote:In a post-scarcity society exchange value would be redundant.
Thus proving that exchange value is a historical category, which is only valid as long as commodity production exists.
Wellsy wrote:So while Patrick Murray criticizes Kliman destroying the concept of value if value is not thought to exist in commodities prior to exchange/sale, the value form theorists are seeing as thoroughly ignoring the substance of value, abstract labor, that they are thought to be destroying thr concept of value.
Truth To Power wrote:The substance of value is scarcity + utility, not abstract labor, which is nothing but another Marxist anti-concept.
Wellsy wrote:The substance of value is abstract labor, not scarcity + utility,
which is nothing but another neoclassical anti-concept.
Wow, i’m smart
Wellsy wrote:I see sarcasm isn’t your strong suit.
Is this stubbornness or just high functioning autism?
Wellsy wrote:I see sarcasm isn’t your strong suit.
Is this stubbornness or just high functioning autism?
ingliz wrote:@Truth To Power
"scarcity + utility"
How do you explain the value of a diamond?
They are not scarce*
The most useful - industrial diamonds - are the cheapest.
* Diamonds have been produced commercially using the high-pressure, high-temperature method since the '60s (gem quality in the mid-'80s).
Gem-quality diamonds have been grown commercially using the chemical vapour deposition method since the 2000s.
ingliz wrote:@Truth To Power
Why would I attempt a refutation?
I am glad you agree that it is a marketing man's imagination that creates value in a gem-quality natural diamond.
Wellsy wrote:The substance of value is abstract labor, not scarcity + utility, which is nothing but another neoclassical anti-concept.
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