13-1a3a2d The more extended the market, the more will exchange-values (as compared to direct use-values) predominate in the decisions of the producer

“At any time, each owner of a consumers’ good must judge on his value scale whether its exchange-value or its highest direct use-value is the greater. In the money economy, the problem of exchange-value is simplified, since it will be exchange for money that will be especially important. The utility on his value scale of the highest direct use-value will be compared to the utility of the sum of money the good could procure in exchange.” – Murray Rothbard

“Only when capacity exceeds demand will US prices and global prices begin to “track” each other with a tight correlation, much like Brent and WTI crude” – Kaoboy on natural gas

Next:

• 13-1a3a2d1 Money superimposes direct use-values of things onto a commensurable unit
• 13-1a3a2e Some products are produced because of the greater extent of the market
• 13-1a3a2f The market implies specialization implies speculation

Related:

• 7-1 Create what people want or will want
• 13-4d4e All the consumer has to do is to think about himself—in contrast, the entrepreneur (e.g., producer, investor, operator) is primarily about others