keynesian klarabell krugman goes deep and finds only " a samuelsonian social contrivance "

" the notion that there must be a “fundamental” source for money’s value, although it’s a right-wing trope, bears a strong family resemblance to the Marxist labor theory of value."

" In each case what people are missing is that value is an emergent property, not an essence: money, and actually everything, has a market value based on the role it plays in our economy — full stop."


"value is an emergent property, not an essence"

we all know essences never  emerge


think plato's cave

essences  don't exist
 their fans simply  insist


"the Marxist labor theory of value"

" he's talking about the marxist labor theory of value  ...marxist ! you noodle head.... marxist !"

ricardo sighs with relief

------------------------------------------
"actually everything, has a market value
 based on the role it plays in our economy"

markets create by emergence  the value of everything
and  so are we to suppose
                             the price of nothing

its a paradox


labor plays its role less well  these days
or does it just have a smaller part ?

of course there are no small roles  only small....essences