- Capitalism and Alternatives -
correction regarding value
Posted by: Eric J on November 23, 1999 at 10:17:04:
In Reply to: Continuing... posted by Red Deathy on November 19, 1999 at 15:37:17:
: But I have to ask, what is that £1? What does it signify? Why is it that both I and Guardian Newspapers think an Observer is worth £1? Indeed, I don't need to know any of those details, but i do need to know how much £1 is worth.
Just a quick correction (which I don't think gee mentioned, but if he did I apologize,): Actually, neither you nor Guardian Newspapers thinks an Observer is worth 1 pound. Guardian thinks it's worth less than 1 pound (which is why they take part in the exchange), and you think it's worth more than 1 pound (which is why you take part).