Leo_the_Magnificent's Friends

Leo_the_Magnificent's Discussions

Started this discussion. Last reply by Noor Aug 14.

This group is for members who are members of both Anarch.me and Fr33 Agents, and to further spread the word about Fr33 Agents.

October 20

This group is for members who are members of both Anarch.me and Fr33 Agents, and to further spread the word about Fr33 Agents.

October 17

At 9:35pm on April 18, 2009, Noor said…: Ah yes, it looked like one but I wasn't sure.

I admittedly haven't paid much attention to economics lately, but I'll sketch it up. Here's Adam Smith's version of the LTV - "The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who wants to dispose of it or exchange it for something else, is the toil and trouble which it can save to himself, and which it can impose upon other people.(Wealth of Nations Book 1, chapter V)"
Note the difference between "the real cost to the producer" and the final price.

Another way to word it would be that in a stateless society without guvmint attempting to control prices and regulations, the final price of a good will _tend_ to be more proportional to the amount labor put into it. You have a robot that cranks out products with barely any labor, the value and final price will almost always be far less than if the product was painstakingly handmade over many weeks. Basically labor adds value to things. It's descriptive "will often tend to", not a prescriptive "should" statement.

At 2:40am on April 8, 2009, Noor said…: The net makes it even harder for me, but I often have the same literal knack in real life. :S

I've meant to ask you this for a while, but what's that in your mouth? A jack?

At 10:50pm on April 7, 2009, Noor said…: Ahh I didn't realize. Everyone I know has pointed out (and I've noticed it too) that I take everything very literally, so it's hard for me to tell. xP

At 12:00am on April 7, 2009, Noor said…: No need to be jealous. They just happen spontaneously, and I sure don't mind anyone including you writing novels.

And yes, it's always easier to stick with the simplest terms. I tend to despise any label that represents a whole set of beliefs or worldview, so I often think of myself as simply an atheist and anarchist as those two are the lack of belief in something.

At 6:23am on March 2, 2009, Talley said…: Leo - it's great to have someone so magnificent here. Welcome.

If you have a free moment, please introduce yourself. Also, please consider inviting others who might want to be a part of this community also.