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Test Dia: Time cost is what we use to measure value with.
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Dan
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Joined: Jan 01, 1970
Posts: 448
Location: USA
PostPost subject: Test Dia: Time cost is what we use to measure value with.
Posted: Tue Jun 21, 2005 11:04 am

This is a new idea. It is not labor time that Marx and the classical economists used. Value is not increased by using more time for any given output, but using less.

Ergo we must hold each other strictly liable for the time cost of our exchanges. That is why showing that the conclusion that Ronald coase reached in "The Problem of Social Cost" Journal of Law & Economics October 1960 was wrong.

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Dan1





PostPost subject: Re: Test Dia: Time cost is what we use to measure value with
Posted: Tue Jun 21, 2005 11:48 am

Ergo we must hold each other strictly liable for the time cost of our exchanges.

So what do you mean by this statement?

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PostPost subject: Re: Test Dia: Time cost is what we use to measure value with
Posted: Tue Jun 21, 2005 11:49 am

you are wrong
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Dan
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Joined: Jan 01, 1970
Posts: 448
Location: USA
PostPost subject: Re: Test Dia: Time cost is what we use to measure value with
Posted: Tue Jun 21, 2005 11:50 am

you are wrong
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Guest





PostPost subject: Re: Test Dia: Time cost is what we use to measure value with
Posted: Thu Jun 23, 2005 12:27 am

You are full of beans
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