Don: Tell me. What is the labor value of a whip-socket on the automobile of your choice? Or an air-conditioner to an Eskimo in Alaska? Or whale oil to a Londoner?Don: It sells or it doesn't. If
there's no profit at some point it will cease to exist.
You're ALMOST getting it...
Again on the market-exchange theory...
Don: Tell me. What is the labor value of a whip-socket on the automobile of your choice? Or an air-conditioner to an Eskimo in Alaska? Or whale oil to a Londoner?
Let's say a new Covette is worthless to ME (for idiosyncratic reasons). Does that mean I could buy one for nothing?
No... The price tag is unaffected by my consumer apathy.
There IS a point in which the dealer will decline to sell his or her product (WHATEVER the region).
And that point, Don, is where materials + labor come in to DETERMINE (use-)value.
