/biz/ - Business & Finance

>>18176931
>Excess demand can raise the prices of products traded, and excess supply can lower them; but if supply and demand are relatively balanced, the question arises of what regulates the settled exchange-ratios (or average price-levels) of products traded in that case, and this is what the law of value is intended to explain. According to the law of value, the trading ratios of different types of products reflect a real cost structure of production, and this cost structure ultimately reduces to the socially average amounts of human labor-time required to produce different goods and services.

>>17884882
>marxism is for drooling special individuals
https://users.wfu.edu/cottrell/eea97.pdf