- Capitalism and Alternatives -

Getting thru the fog.

In Reply to: One more time around Robin Hood's barn... posted by Stoller on November 04, 1999 at 18:43:39:

borg is not Don.

Think before you post.

: Don: Tell me. What is the labor value of a whip-socket on the automobile of your choice? Or an air-conditioner to an Eskimo in Alaska? Or whale oil to a Londoner?

: Don: It sells or it doesn't. If
: there's no profit at some point it will cease to exist.

: You're ALMOST getting it...

[snip]

Carl Menger exploded the labor theory of value more than a century ago, as a result of the marginalist revolution. You might want to read some modern economics.

Follow Ups:

• Only to find Marx still essential reading Stoller November 07 1999 (1)
  • Economics of the street. borg November 08 1999 (0)