Oh and FenixRD.  You probably did miss my point.

According to classical economics, a price is determined by the amount of labor that goes into creating a product.  Correct?
So I was simply pointing out the flaws in that argument, as nothing that has a price, under current monetary rules, actually reflects the labor that goes into it.

Most price is dependent on perception.  The perception of value based on brand-status...etc;

...But many critical facets of production are ignored.  And the price of production is often externalized onto the tax payer or the environment, rather then being reflected in the actual price of what we buy.

The concept of money doesn't exist in the physical world, at the end of the day. It's abstract and as such, determined by the minds of whomever is throwing around the idea.

If people were more realistic in their view of the world, no inanimate object would be taken so seriously.