Energy currency

["prakash chandrashekar" <prakash7uc@rediffmail.com>]

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Mr Max V,

the Labor theory of value also faced a problem which the energy currency
will face. It is that this theory does not consider the demand side of
things at all. It does not take into account the marginal utility of
consumers into consideration. The marginal utility theory states that
consumers will choose the products that give them maximum maginal utility.

to illustrate this,

the famous mud-pie problem. This states that it takes a lot of labor (and
in our case, energy) to make a mud-pie, but how will that determine its
price ? nobody will buy it. Its price will remain zero. 

My contention is that the energy currency concept will provide only a
"minimum price/floor price" for an object and even that only in the case
that the object satisfies a human demand.

The price of the object will continue to be determined by the demand-supply
interaction.


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