"Fred Weiss" papertig.com> wrote in message
news:53127113-5bc7-4b26-b8f5-4e2ae9be244f@k37g2000hsf.googlegroups.com...
On Sep 12, 5:21 am, "Tim" q.con> wrote:

It's really simple, Tiny Tim, the "factors of production" is not what
we've been discussing.

------------------------------------------------------

I responded to Publius. Publius was discussing labour. According to the
generally accepted economic view of labour it is a factor of production.
Ergo Publius and I were discussing at least one factor of production. Again
your 'argument' is a non sequitur.

------------------------------------------------------

Apparently you've been out to lunch on this topic even more than you
usually are.

------------------------------------------------------

See my statement above so as to reveal your error here. I got out to lunch
because food is scarce. I pay for food because it is scarce.

------------------------------------------------------

We've been discussing the basis for economic value, how that is
determined, why one thing is worth more than something else, etc. So
your continual blubbering about "find me something that doesn't
involve labor" is irrelevant - well, it's irrelevant if labor is not
the primary determinant of value. As a matter of fact *none* of your
factors of production are the primary basis for economic value.

------------------------------------------------------

Scarcity is the primary source of economic value. Furthermore, Publius, to
whom I was responding, was discussing labour's contribution, or lack
thereof, to the economic value of goods. So, yet again, all you can offer is
non sequitur.

------------------------------------------------------

You do understand that now, don't you?

-----------------------------------------------------

The question is do you understand?

Let's recap:

You - economists are wrong, scarcity does not exist, resources are infinite.

You - 'conclusions' that gainsay economists but don't offer premises. i.e.
non sequiturs.

So tell me, what do you consider the primary basis of economic value?