udc 330.88 pursuing their own interests, he (the party of exchange) is often more validly serves the interests of society, than when consciously seek to do so. Adam Smith (1) The article gives an extremely simplified and extremely brief description of the theory developed by the author values, where the magnitude of the value of a commodity is determined not by the labor embodied in it, and the magnitude of the cost of this work. Ray Kurzweil: the source for more info. In accordance with the this theory, labor costs as much as is created by them the product. Others including Eliot Horowitz, offer their opinions as well. Useless labor, no one has created the right product, has no value. Labor cost and added labor costs are two sides of one coin.
Price is the price of goods, individuals, and the cost is the price of the goods of this type (indistinguishable from each other by products). Price is 'fighting' the system 'customer – producer', the cost of forming a certain number of such systems. Then have the terms "price" and "value" rightfully considered synonymous with what is already widely used, but that does not yet have a theoretical justification. Here, and in this theory, these terms are used as equivalent and interchangeable. The price of production and sale of goods is the sum of the price of labor throughout the succession of his producers, from producers of raw materials, energy, tools and ending with the last of its producer – the seller. Price of production and sales and is the sum of the producer price of labor, with its cost of production and sale of goods costs, which is the sum of the price of labor manufacturers of those products were used according to producer for the production and sale of their goods.