You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.

Latest

Greatest

Lobby

Journals

Options

Help

Reply #125: Ok [View All]

Printer-friendly format

Email this thread to a friend

Bookmark this thread

This topic is archived.

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

TxRider

(1000+ posts) Send PM | Profile | Ignore

Tue Jan-26-10 06:41 PM
Response to Reply #121

125. Ok

I am speaking specific knowledge.

Say I know how to rebuild a Chevrolet 400cu inch V8 engine, that is a finite knowledge, and I possess it.

There was a cost involved in obtaining that specific knowledge.

Can that knowledge produce more value than it cost?

Without that knowledge the market value of my labor is less, but the actual cost of my labor is the same.

So with that knowledge I might profit, where without it I might not. Whether employed by an employer, or employing myself.

Printer Friendly | Permalink | | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home | Discussion Forums | Journals | Store | Donate

About DU | Contact Us | Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.