Orostan wrote:Telconi wrote:
But price doesn't oscillate around any man-hour value. It oscillates around a perceived value based largely upon supply and demand.
If I spend five hundred hours making a product that doesn't work, the price doesn't just gravitate towards whatever arbitrary value 500 of my hours is worth.
If you make a defective product, your labor might as well have never been done. Price oscillates around equilibrium price - which is value. Price does not automatically gravitate towards value. It only revolves around it.
So, then the afore mentioned Pontiac Aztek is of zero value?