If we value the same labour differently,
one of us does not have all the relevant information


Ice is more valuable to somebody with no freezer. My labor is more valuable to
somebody who can't do what I just did. My knowledge is more valuable to
somebody who is partly ignorant (and of no value to somebody who is wholely
ignorant or totally educated).

Sometimes the value of a thing (concrete or not) is based on circumstances, and
it doesn't take labor to change the circumstances. A diplomat can change the
value of an atomic bomb by talking. An atomic bomb can change the value of
milk if the diplomat doesn't talk well.

What is the value of water in a bottle? Why is one person willing to pay $5
and the person next to her unwilling to even carry it to the car if it's free?

Jose

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(for Email, make the obvious changes in my address)