"Tim"
q.con> wrote in
news:9ZWdnQIon90GxFLVnZ2dnUVZ_r_inZ2d@aci.on.ca:
>>>> Why should the fact that an item is scarce render it valuable?
>>>> Suppose I type up a random string of characters, a full page long,
>>>> on my computer and print it out. We can probably be certain there
>>>> is not another page exactly like it in the world; hence it will be
>>>> unique, and that is as scarce as you can get. It must be
>>>> exceedingly valuable, eh?
>>> We can be certain that your page won't deal with basic economics.
>> No answer, eh?
> You give yourself too much credit. I wouldn't pay for what you've
> typed here in this thread. Why, your labour holds no value for me. But
> if some fool were to purchase it at bottom they'd have to admit they
> are willing to pay something for your labour.
You *do* have a hard time staying focussed. We're discussing scarcity as a
determinant of value in this exchange, not labor. The page filled with
randomly typed character is 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 can't be a fundamental determinant of those
>> values.
> Oh no. Take a look at your original post:
> "And of course, the amount of labor time invested in producing a good
> has little or nothing to do with its market value, for most goods,
> even though, for most goods, some labor will have been required 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 labor is a factor of production for most
goods?
Can't seem to grasp the point, can you? I.e., that labor does not explain
or predict the market values of most goods, even though it is a necessary
production factor for most of them?
> Ah, so the economists who wrote the text book are commies. That as
> good as you can do? Well if its an erroneous concept why haven't you
> cited some texts with the right definition, duh?
I did. Did you read them?
Or do you mean first-year textbooks?
