Replying to Avatar Comte de Sats Germain

The cost of inputs travels backwards, up the value chain, from the end product's price. Its the end consumer that determines the price of materials they don't directly use.
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Low Information Voter 1y ago

Truth, if perfect information is available, or a reasonable approximation.

In a free market with perfect information, the cost, labour and market theories of value will correlate 100%

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