no third solution » Archive
On The Labor Theory of Value
A while back I read parts of Kevin Caron’s Studies in Mutualist Political Economy. A while back. I was particularly interested in his commentary on the labor theory of value. [T]he labor theory of value is based, not on an inductive generalization from the observed movement of prices, but on an a priori assumption about why price approximates cost, except to the extent to which some natural or artificial scarcity causes deviations from this relationship. Like Carson, I believe there is a case to be made for an a priori assumption about why price approximates cost, but the conclusion I reach is quite different. The “natural” scarcity is embodied in the supply/demand diagram. Prices will approximate costs (in a free market), all else being equal, because competition makes … Read entire article »
Filed under: Blog Reactions, Economic Fallacies, Economics Lessons
Anyone Familiar With Excel VBA?
I’ve got a problem in my VBA editor that I haven’t been able to resolve using all the power of Google… The Refedit control, in the toolbox bottom-left is unavailable to me, however all of the other controls are available, and user forms created with RefEdit controls function properly. When I try to use it, I get the following error message, I’m wondering if anyone of my 6 readers knows how to fix it? I’ve tried a few things, including Run | “c:\program files\Microsoft Office\OFFICE11\EXCEL.EXE” /regserver, to no avail. This is the only VBA control that I can’t use, however, if I go into an existing UserForm, I can copy & paste to create additional RefEdit controls. I have not tested this process for functionality, since I don’t want to bust … Read entire article »
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Comments on Comments # 31
Comments on Comments is a regularly irregular post, in which I attempt to respond to all thoughtful reader comments, inquiries, complaints, suggestions, etc. ++ Brad left a comment on with several questions: Sometimes I think about the conversations we have had over the years and I wonder how much government/taxes/The Man would be acceptable to you… How much would be acceptable? Preferably none. Would I be more satisfied with simply less? Well, yeah. But at that point, if the government were only in charge of one or two or three things, and the entire corpus of human needs and wants was otherwise satisfied by voluntary exchange in a free market, it should be easier to convince people that no government is a viable goal. …Then I saw “free society” … Read entire article »
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