I think it might be mathematical notation.
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Originally posted by Flip McWho
So how are we supposed to know whether to attribute value to some work? Through our desires for that work.
Following from this our desires for a product only stretch as far as our ability to get the product.
In this society that requires money. Therefore our desires create price which in turn create value.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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Originally posted by Flip McWho
Yeah it would stagnate. But I was just pointing out that some savings goes back out into the economy in the form of bank loans. Why do you think banks crash when everyone goes in and tries to draw all their money out at the same time?
EDIT: Bad sentence structure.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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Oh dear. See where this has got you. I've already established that value can be created independent of any price with the pancakes example.
No. Why? Desires are greater than value. Value is created when we satisfy a desire. Potential value is stored in goods that may be able to satisfy a desire in the future.
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Originally posted by Flip McWho
Yes you have but thats in the individual case, where your own work goes towards satisfying your own desires. What about work that is for other people.
Ok yes true. Desires + Unknown = value
I don't know where you guys are trying to go with these equations, but it doesn't look like you are establishing that desire creates value. Just because something is greater than something else doesn't mean that it creates it.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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Originally posted by Flip McWho
Yeah ok, I agree with you that spending promotes work.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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If I created value by satisfying my own desire, then why are you saying that I'm not creating value by satisfying your desire?
Desire is just one aspect that goes towards establishing that value.
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Originally posted by Japher
If you really want to get him going, Flip, get on about innovations. He believes if you develop away to create more tomatoes in the same amount of time than the cost of the cow cost twice as many tomatoes.Solomwi is very wise. - Imran Siddiqui
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