----- Original Message -----
From: Tony Abdo <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Monday, October 02, 2000 4:44 PM
Subject: [CrashList] Warning Signs?
Julien, since you are back on the list posting stock market reports and
other economist oriented gatherings with Mark, I thought it might be of
interest to strike up a discussion about the defunct 'labor theory of
value".
I call this a defunct theory, in spite of the fact that it has adherents
everywhere. Still, nature tends to give the lie to the assertion
that only 'labor' produces value.
Most value is actually created by chemical processes such as nature
produces, without any help from humankind, what-so-ever. The sun,
the wind, and the volcanic processes below, all are producing gigantic
value, even as I write!
Thats not value - thats the weather.
Bill
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