: In war-torn Leningrad, the city was surrounded by the evil Hitlerites, supposedly to be starved into submission. At the time, food was particularly valuable... Monopoly conditions ALTER the LTV (which was predicated upon competitive capitalism)---as anyone who actually read Capital will surely recall...
: If you are hungry enough, you will pay $500 for a 'roll'...
Perhaps a quick review of differential rent (second to the last section in Capital volume three) will refresh your memory. Land, being finite, is ALSO subject to monopoly conditions and follows the same consistent reasoning in Marx's theory. For a super-brief study of differential rent, see the first part of this post...
: Very good, Grasshopper. Your reformation into an industrious capitalist is coming along quite nicely. Bravo.
As Fred always said to Barney: VERY droll.
