At 10:46 AM 1/21/2002 -0500, Rsw wrote:


>>Bob Blakely Wrote

>>The value of any item is whatever two reasonably knowledgeable 
>>persons >are willing to exchange it for. In general this is governed by 
>>the >supply and demand. Usability or quality of an item is 
>>irrelevant >except in that it may generate more demand. There are few 
>>other ultra >fast 135's available and fewer still in K-mount, and only 
>>one made by >Pentax.  [Bob Blakely]
>
>This is one very narrow definition of value conditioned specifically by an 
>unquestioning allegiance to capitalism.  There are many other definitions, 
>such as the Marxist definition which takes into account the amount of 
>labor that went into making the item.  There are many better definitions 
>of value as well which take into account more than just the crude dollar 
>quantity of exchange at a given moment and locale.
>
>RSW

Oh be quiet.  The only use of a definition of value is prediction.  The 
Marxist definition cannot predict in any way what value another person will 
put on an item.  The best refutation of that argument can be posited in 
this way, no matter how much you polish a turd, it's still a turd.  Please 
give a definition of value that doesn't fall apart with so simple an example.


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