: I mean, what if you were retarded and paid $100 for a candy-bar. Would that REALLY make that candy-bar 'worth' $100?
Would you, a calculator, some knowledge of candy manufacture and a mean average (!) of the time it takes workers to make them be able to calculate the 'real' worth of a candy bar? After said calculation would your figure mean anything to anyone involved in the exchange of candy bars for other goods? Would you try to calculate the degree of 'exploitation' taking place by assuming that whichever exchange price a given candy bar achieves then the amount by which that is over all the pre calculated costs must be the sum of exploitation whether its sold for £1 or £100?
This round of discussions about the LTV, at least from me, was not in order to dismiss LTV as a pertinent theory in economics but to express that it cannot be used to calculate meaningful figures regarding 'exploitation' nor have much to say with regard to what people want to exchange things for and why.