This question <35|51> overall <41|43> Skippy: <22|143>.

Question 57: How do you explain the fact described here by Marx that the price of many scarce goods is below their value?

[42] Skippy: Prices below their their value.   Many scarace goods have a high market value due to the extensive labor hours required to extract them from where they hide. Over time, faster and efficient ways to excavate or produce these goods are put into effect. Or perhaps a new mine is found with a more abundant supply of the good so equal lobor time can produce a greater amount. This also depends on the conditions of the working enviroment.

Since these goods do not expend as much labor time as before, be it by technology, or man's own intervention, these goods are below their full value.

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