One can argue 'monetary value is not use-value'. Sure. But name a better predictor.
In practice, prices are literally--like quite literally and exclusively--the result of billions of people voting with their dollars, based on how much utility they believe item x has. What could be a better predictor average of use-value than every persons' opinions on use-value, averaged out?
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One can argue 'monetary value is not use-value'. Sure. But name a better predictor.
In practice, prices are literally--like quite literally and exclusively--the result of billions of people voting with their dollars, based on how much utility they believe item x has. What could be a better predictor average of use-value than every persons' opinions on use-value, averaged out?
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