This question <177|259> overall <177|186> Overlord: <130|233>.

Question 90: How is the value of raw materials determined in Marx's theory? How does the scarcity of these materials influence their value? Is Marx's argument still valid in the case of an exhaustible resource, which is present only in finite supply?

[180] Overlord: In response to [177]:

The bottle of water in a normal situation would have no more labor involved, therefore no added value. In the hurricane situation the bottle of water would have many additional labor steps added due to the urgency and immediate NEED for the water. Actually producing the bottle of water would require no addition labor so the extra value would not come from production. The extra value would come from higher demand and the extra labor required to deliver the bottles of water to each individual. I don't think it follows Marx's theory exactly but it does make some similarities.

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