value

James Miller jamiller at igc.apc.org
Wed Nov 29 22:25:24 MST 1995


JOHN ERNST AND THE LAW OF VALUE

   I posted a message explaining why the individual
value falls below the social value when an innovation
improves labor productivity.
   John said he agrees with me.
   However, he had given an example in which the
individual value rose many times above the the social
value.
   One or the other of us has got to be totally nuts.
   I'm not going to play these games any more, John.

Jim Miller
Seattle


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