Re: von Mises Institute on Henry George
royls_at_telus.net
Date: 08/24/04
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Date: Tue, 24 Aug 2004 09:03:44 GMT
On Mon, 23 Aug 2004 21:31:47 -0400, "robert j. kolker"
<nowhere@nowhere.net> wrote:
>royls@telus.net wrote:
>
>> No. Market price does not depend on the sellers' efforts, only on
>> their willingness to sell.
>
>What about sellers who sell what they make. Their efforts most certainly
>do go into reckoning their price.
You're equivocating and ignoring the context, which was strictly
sellers' efforts to solicit buyers and increase prices, not their
efforts to make their products.
>Since they know (by hypothesis) what
>effort is required to make what they are selling that surely should
>influence their willingness to sell at a given price.
See above. Such considerations do feed into price, but that is still
going to be a market price even if they don't buy TV ads for the
Superbowl.
-- Roy L
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