"This value can only be determined via a market mechanism. I.e., the value of something can only be considered via how much someone will give up for it."
BTW, this confuses price and value. Granted, the subjectivist side of the calculation argument does really seem like a solid demonstration that value just is price and can't be otherwise but it misunderstands what value theory is actually used for in Marx.
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Date: 24/1/12 22:13 (UTC)BTW, this confuses price and value. Granted, the subjectivist side of the calculation argument does really seem like a solid demonstration that value just is price and can't be otherwise but it misunderstands what value theory is actually used for in Marx.