Marx and Value

The genius of price controls. While U.S. college prices keep rising, British tuition is capped by the government—and schools are being forced to cut back on teaching and research--wsj
If you want to destroy something--like cigarettes--freeze their price.

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Social Security will be insolvent in a decade, at which time the legal requirement is for across-the-board benefit cuts limiting benefits to incoming revenues, which will amount to about a 23% cut for everyone, regardless of need.

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Marx and Value

Marx defined value as the labor embodied in a commodity under a given structure of production. In his terms, value is the 'socially necessary abstract labor' embodied in a commodity. So work input, not product or consumer input, determines the value of a product.
I suppose a good example might be the equal prize money for tennis players, men, and women, despite the fact that men's competition is valued more by the audience and, hence, by sponsors. Ditto WNBA.
It's interesting that these abstract 'Angels-on-the-head-of-a-pin' thinkers are always ridiculed when faith is involved but always taken as profound when the philosophy leads to the homicide of disbelievers.
So we see the AWU's almost self-immolation over incredible wage demands that will, in the face of government-subsidized EV development, virtually guarantee their extinction.