commodities
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commodities [2014/08/14 23:14] – Ryan Schram (admin) | commodities [2014/08/16 00:00] – Ryan Schram (admin) | ||
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To understand what makes a commodity different than any other object, we have to talk about value. We have to ask what we mean by saying something is worthy, valuable, or good. Many things are useful, but it is hard to compare this value - its use value - to anything else. Shoes are good for keeping feet warm. Mobile phones are good for calling people… | To understand what makes a commodity different than any other object, we have to talk about value. We have to ask what we mean by saying something is worthy, valuable, or good. Many things are useful, but it is hard to compare this value - its use value - to anything else. Shoes are good for keeping feet warm. Mobile phones are good for calling people… | ||
- | And yet people do compare them when they exchange them. Somehow there must be a common basis for comparison. Like Adam Smith, David Ricardo and the other “worldly philosophers" | + | And yet people do compare them when they exchange them. Somehow there must be a common basis for comparison. Like Adam Smith, David Ricardo and the other “worldly philosophers" |
Unlike his predecessors, | Unlike his predecessors, |
commodities.txt · Last modified: 2022/07/31 21:30 by Ryan Schram (admin)