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Re: [jox] p2p and market



I am glad that you raised this issue, because, as I, in aother mail posted in this mailing list, claimed our undrestanding of p2p depends on our theory of value and theory of Money. And for my par, I t think that Marx`s theory of value and money is the only correct theory.
ll the best
aJakob


Patrick Anderson 03/30/12 4:43 PM >>> 
The value of commodities are determined 
by abstract labor congealed in them. 

That is the Labor Theory of Value. 
But it is only a theory. 

Here is another theory: 

The value of commodities are determined 
by the consumer's dependence upon the 
current owners of the Means of Production. 

Profit measures Property misallocation, 
and is eliminated when the Consumer 
co-Owns the physical Sources of that 
which he needs the outputs - for in that 
case the Product is not even sold since 
it is already in the proper hands. 

Profit is *undefined* when Product is ROI. 

This imputation short-circuits the usual 
need to buy and sell goods and services, 
though it is only one half - the other being 
the scheduling the swapping of tasks 
before production begins. 
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