Matt's musings

Matt's musings

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Matt's musings
Matt's musings
Use value, exchange value, and "cost"

Use value, exchange value, and "cost"

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Matt Nolan
Sep 28, 2018
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Matt's musings
Matt's musings
Use value, exchange value, and "cost"
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When writing this post I found myself a bit uncomfortable with terminology like "use value" and "exchange value" and so steered away from them - well also because a production function approach to the question is just so much damned clearer!  Exchange value was fine, but use value I found a bit confusing - as I always wanted it to be defined either in t…

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