2 ms·
> how is that extra value imparted, if not from the labor (variable) acting on constant capital? It depends on the value and the valuer. A thing's value and t
by randallsquared 18y ago
> how is that extra value imparted, if not from the labor (variable) acting on constant capital?
It depends on the value and the valuer. A thing's value and the labor spent on it are not intrinsically related at all: a wild flower may be very valuable to someone while having required no labor at all. Similarly, digging a hole in your back yard does not automatically increase the value of your property; the labor has no value of its own.
Value is entirely subjective, and can only be measured or assigned by people.