Re: [OPE] intermission: value of knowledge

Jerry wrote:

> [Dave Z wrote:]
> > All information can be quantified and encoded.
> ````````````````````````````````````````````````````````````
> [Jerry replied]
> Yes, but not all information takes the commodity-form.
>
>
That is irrelevant for the information to be quantified and encoded.

> But, whether information takes the commodity-form and has value depends
> critically
> on agents'. Unless the information, for instance, has a use-value, then it
> can not have
> an exchange-value, express value, or be a commodity.
>
>
Agreed.

> That (value) gets us back to SNLT and the constituent elements of the
> commodity, though.
> We can't exactly calculate the rent-effect for a commodity if we don't
> first know the
> value.
>
>
Agreed. By Paul C's testable proposition we can in principle estimate the
labour value first.

//Dave Z

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Received on Fri Dec 4 08:31:06 2009