how can we determine the real value of an item/service?

[danyboy27]

there is a lot of variable to consider, and i wonder if its possible to simply determine the real value of a service/product?

i have been trying to figure this out for days, and it still puzzle me.

please take note that i am talking about the value of the item freshly manufactured in an economy managed by a labor voucher system.

[ContrarianLemming]

perhaps...

*how long it took to make
*how rare what it's made of is.
*how difficult to make it is
*how needed it is (maybe)
*"artistic" costs, ie: the Mona Lisa is reletively worthless, except for it's rather large artistic worth

[Lyev]

there is a lot of variable to consider, and i wonder if its possible to simply determine the real value of a service/product?

i have been trying to figure this out for days, and it still puzzle me.

please take note that i am talking about the value of the item freshly manufactured in an economy managed by a labor voucher system.Surely it's simply the labour-time embodied in a service or product. This includes the "dead labour" already stored in the machinery, tools etc. used to make it, and also the amount of training, if any, it took to learn how to make the product. And of course the time it takes to gather the resources to make the product, on top of assembling whatever it is. For example, it takes me 5 hours to make the chisel, hammer, nails etc. that I need for making a chair. It took me a further 30 hours to learn how to make the chair. Then, I employed a lumberjack to go get me some wood, which took him 3 hours. Then building the chair itself, once all the components and such were together, took me a further 10 hours. This is 5 + 30 + 3 + 10 = 48 man-hours, as I think they're known. However, I don't really know how this translates into value.

[thatwhichisnt]

perhaps...

*how long it took to make
*how rare what it's made of is.
*how difficult to make it is
*how needed it is (maybe)
*"artistic" costs, ie: the Mona Lisa is reletively worthless, except for it's rather large artistic worth
Sounds pretty good. Sum or the labor and materials needed to make the good/service.

[danyboy27]

also, i think there are potential irregularities that might arise when its time to determine the price of good.

take milk, the amount of labor of a 300 cow farm or from my neigbor who have 1 cow will be radicaly different, wich mean the final product will be in theory cheaper from my neigbor.

damn if only there was a safe mean to calculate it.