- 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).

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