4 ms·
It's the case only if you believe there's a transitive property to value, which has some evidence to it. You tend not to see somebody sell a gold watch for les
by 8note 4y ago
It's the case only if you believe there's a transitive property to value, which has some evidence to it.
You tend not to see somebody sell a gold watch for less than the gold that's in it. Especially so if there's profit being made on the watch
- satvikpendem 4y agoSure, for physical goods that may be somewhat true, but LTV presupposes that labor itself has a value beyond what the market would pay, which does not seem to be the case, in capitalism or in other previous systems of mercantile trade.