... of the U. S. economically, in 6 years China will pass the U. S. But that's neither what the CIA Factbook says Well what _does_ it say? It says that in 2007, China's GDP was $3.251 trillion and the US GDP was $13.84 trillion Four decimal place accuracy is purty interesting considering the same source claims the growth rate is in the double digits. Bret Cahill

... the classical economists or the mistaken interpretation of the classical economists. Vakue is __**MEASURED**__ in labor because there is no such thing as a "util". The error is in claiming that value _IS_ labor. READ THIS: http://www.greatervoice.org/essays/LaborTheoryOfCost.php Where, and by whom, is value measured in labor? In every economy I know of it is expressed in ...

... the mistake of the classical economists or the mistaken interpretation of the classical economists. Vakue is __**MEASURED**__ in labor because there is no such thing as a "util". The error is in claiming that value _IS_ labor. READ THIS: http://www.greatervoice.org/essays/LaborTheoryOfCost.php On the other hand, I'm concerned about our little Tiny Tim. He's told us that food ...

.... Why doesn't that scarcity impart great value to it? Nope. Didn't claim labor was a "non-issue." Claimed that it was useless for analyzing or predicting the market values of many goods, and that it therefore ... produce them." Where in that last snip do you see a claim that labor is a "non-issue"? Where do you see a denial that...

... scarce. Why doesn't that scarcity impart great value to it? Nope. Didn't claim labor was a "non-issue." Claimed that it was useless for analyzing or predicting the market values of many goods, and that it therefore... to produce them." Where in that last snip do you see a claim that labor is a "non-issue"? Where do you see a denial that ...

...don't they? Already explained this to you. You mean where you claimed that opening my back door and opening my eyes is sufficient "labor" to ...a good example from which we can infer conclusions about "most goods"? Nope. Didn't claim labor was a "non-issue." Claimed that it was useless for analyzing or predicting the market values of many goods, and that it therefore ...

..., don't they? Already explained this to you. You mean where you claimed that opening my back door and opening my eyes is sufficient "labor" to endow ...a good example from which we can infer conclusions about "most goods"? Nope. Didn't claim labor was a "non-issue." Claimed that it was useless for analyzing or predicting the market values of many goods, and that it therefore can'...

..., don't they? Already explained this to you. You mean where you claimed that opening my back door and opening my eyes is sufficient "labor" to endow ...a good example from which we can infer conclusions about "most goods"? Nope. Didn't claim labor was a "non-issue." Claimed that it was useless for analyzing or predicting the market values of many goods, and that it therefore can'...

... is a good example. No one is denying that labor is a cost factor. What is being denied is that it is the major determinant of market value. ---------------------- You did above. You claimed it had little or no influence. ---------------------- Moreover, the "cost of labor" is a misnomer. One does not pay --- or does not pay very much --- for the human physical ...

...'ve clearly demonstrated and admitted that your notions of economics are just that and nothing else. You claimed that the world's pop. could fit in Texas with the same pop. density as the Netherlands. You are wrong. You claim scarcity doesn't exist nor society. You are wrong. You claim that ayn rand is a philosopher and that Kant is a fool. You were wrong. ...