| This question <335-9|29> overall <545-1|546> Skippy: <545-1|546>. |
| Question 53: The value of a commodity does not increase if it is made by a slow or inept laborer. Explain carefully why not. Whose decision is it to do things this way? How is it enforced? |
| [545-2] Skippy: This question is not placing individuals value, but the value of the commodity. This value is based on the average. An individual may take 1 hour to produce a good, while it only takes another 2 hrs. This good, on the average of these two has the average of 1.5 hrs. of labor time. Since it takes some individuals more time or less time to produce identical commodities, the value of the commodity is averaged, not based on the one who produced it. |
| Hans: You restate that the value is averaged, and you speak of “identical” commodites, but you do not make the conclusion that the market enforces it that identical commodities must have identical prices. |
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