| This question <73|42> overall <34|36> Angela: <617-1|131>. |
| Question 57: How do you explain the fact described here by Marx that the price of many scarce goods is below their value? |
| [35] Angela: The price of many scare goods is below their value In our economy, we usually produce the scare goods at frist and then we want to produce as more quantities of scare goods as we can. Because of this reason, we will try to improve and develope the new methods of production process by technological applicability or others in order to increase the quantities of scare good. So in the market, the price of the scare goods usually is lower because the supplies are greater then the demands. |
| And from Marx's point of view, the value of a commodity would be greater or smaller ammounts of congeales labor time. Because the congealed labor time is determined by the productivity of labor that will be affected by a wide range of circumstances. Moreover, we also know that technological progress will induce a contradiction between value and real wealth. Therefore, the vaule of a commodity varies directly as the quantity and inversely as the productivity of labor. |
| Tha price of the scare goods is not determined by the value of a commodity, because of the above reasons, the price of many scare goods is below thier value. |
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