The idea of consumers desire of a product, what we call demand, came into consciousness. Sowell seemed to dismiss Marx and his exploitation concept of capitalism as antiquated.
Associated with production were what drove prices. Hence the famous exploitation concept from Marx. It was later with the marginalist revolution and the neo classical school of economics
Listening to Tom Sowell today.was Marxist,worked at US dept of labor, quit and became free market advocate. Noted that when Marx wrote Das Kapital the understanding of prices was that costs
When one person values what another has more than what they have and that other person feels the same about what they have the two people trade. That is an exchange.
As memo is being used for betting, would off work for auctions Too? I don't know how it could accept multiple bids from the same account thru the voting mechanism, open multiple accounts?