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[84] MaxWar: “20 yards of linen are worth 1 coat”. In the relationship “20 yards of linen are worth 1 coat” the value of coat
is given as a use-value, not a magnitude of the value of the coat. The
use-value is the measure used by the individual to determine if the linen
produced is worth the value of wearing the coat. Magnitude of value would
involve a better understanding of the materials and labor to determine if
such a trade would be effective. In determining the value of the coat one
would have to calculate the labor and materials used with magnitude of
value, which is not used in this phrase. The market forces the individual to
part with the linen to acquire the coat, without necessarily getting a value
of the coat. So the phrase “20 yards of linen are worth 1 coat” does not
give a value for the coat. |
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