- Capitalism and Alternatives -


Posted by: Thick Deathy ( Thick Party, Thickland ) on May 28, 1999 at 08:04:34:

In Reply to: More LTV discussion posted by Samuel Day Fassbinder on May 27, 1999 at 10:07:23:

: : :Just a simple example which renders false the labor theory of value would be the "diaomond case". Suppose a person finds a diamond on the beach. This person would be payed quite handsomely, yet very little work was done. Really, value is nothing more than a figure respresenting the amount of work saved by the person purchasing the service or good

: SDF: Doesn't this last sentence represent another labor theory of value? Funny, I seem to remember reading something like this on a Ricardo page on the Web, and David Ricardo (as I recall) was the ORIGINATOR of the Labor Theory of Value. What's the difference between Ricardo and Shannon?

D'OH! I am soooooooooo stooopopid, sorry, I thunked that the paragraph you were replying to was one of mine- disregard my reply in t'other post... I am soooo thick...I will read more cloesly in future...DOH!

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