Re: Profit and Value, was: Re(2): [ox-en] extrinsic motivation = coercion

>
> This in itself is already a myth. In a true equilibrium (if that would
> exist) there wouldn't be any exchange.
> Of course, there is no equilibrium. We are living in a world of massive
> consumption, producing a lot of waste.
> So trying equilibrium-based theories is doomed to fail.
>


I agree it's a myth. However, in a true equilibrium anyone who wishes
to get X number or amount of some good or service should be able to do
so at the median cost of that good or service + a fixed profit
'margin' ... However, this model itself is not viable given the flawed
tendencies we have as human beings, which I'd yet to boil down to a
coherent problem statement (although you can see parts of the problem
in discussions like [p2p research] the abundance of art)


On Wed, May 6, 2009 at 1:57 PM, Stefan Seefeld <[email protected]> wrote:
> Smári McCarthy wrote:
>>
>> Profit != benefit. All work and produce thereof is, we can imagine, in
>> some way beneficial. However, profit comes only when the value of the
>> product is higher than the cost of production. If I try to profit from
>> you, I am trying to get from you more than what I am offering is worth.
>>
>
> The value of what you are offering is contextual. It is worth something to
> you, something different to someone else. There is no one global measure
> that can be applied.
>
>> In a free market, price theory says (which is, as Diego correctly points
>> out, an equilibrium theory, but equilibriums occur naturally in the
>> absence of external "coercive" influence), the ability of any player to
>> profit from another is decreased by the ability of third parties to
>> compete. If the market is free, competition (or, better, cooperation) is
>> on equal ground, and profit is driven to zero.
>>
>
> This in itself is already a myth. In a true equilibrium (if that would
> exist) there wouldn't be any exchange.
> Of course, there is no equilibrium. We are living in a world of massive
> consumption, producing a lot of waste.
> So trying equilibrium-based theories is doomed to fail.
>
> Regards,
>      Stefan
>
> --
>
>     ...ich hab' noch einen Koffer in Berlin...
>
> _________________________________
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> Contact: [email protected]
>



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