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Originally Posted by Zhukov
You are repeating yourself. I already said that it doesn't apply to your hunting scenario - LTV is mainly about 'traditional labour' - mining, factory production etc, things that can be mass produced.
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Therefore, the theory is wrong. The theory, as written, applies to all form so labour. Any one example that goes against a theory proves it wrong. I don't know what LTV your thinking of, but the one I see clearly has no exceptions.
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I find Marxs example to be acurate. The daimonds price would fall because the price of labouring for diamonds fell, not because of an increase in supply. Oh wait we are both repeating ourselves.
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Are you claiming that if a great reserve of diamonds was found, then worker's wages would do down? That is, after all, the price of labour.
What basis do you have for your theory, anyway? What makes you accept it?