{"id":701,"date":"2003-01-31T17:29:38","date_gmt":"2003-02-01T01:29:38","guid":{"rendered":"http:\/\/www.ogre.nu\/wp\/?p=701"},"modified":"2004-11-14T09:54:36","modified_gmt":"2004-11-14T17:54:36","slug":"the-cigarette-standard","status":"publish","type":"post","link":"https:\/\/bendwavy.org\/wp\/?p=701","title":{"rendered":"the cigarette standard"},"content":{"rendered":"<p>I&#8217;m sorry I didn&#8217;t record where I got this link to <a href=\"http:\/\/academic.bellevue.edu\/~jpatton\/micro\/pow.html\">The Economic Organization of a P.O.W. Camp<\/a>, an article published in 1945 by a British officer who had been a guest of the Reich. <\/p>\n<blockquote><p> It is thus to be seen that a market came into existence without labor or production.  The B.R.C.S. [British Red Cross Society?] may be considered as &#8220;Nature&#8221; of the text-book, and the articles of trade &#8211; food, clothing and cigarettes &#8211; as free gifts &#8211; land or manna.  Despite this, and despite a roughly equal distribution of resources, a market came into spontaneous operation, and prices were fixed by the operation of supply and demand.  It is difficult to reconcile this fact with the labor theory of value. <\/p><\/blockquote>\n<p><em>Later:<\/em> Joshua Burton finds <a href=\"http:\/\/faculty.econ.nwu.edu\/faculty\/witte\/B01\/handouts\/radford.html\">another copy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I&#8217;m sorry I didn&#8217;t record where I got this link to The Economic Organization of a P.O.W. Camp, an article published in 1945 by a British officer who had been a guest of the Reich. It is thus to be &hellip; <a href=\"https:\/\/bendwavy.org\/wp\/?p=701\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-701","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=\/wp\/v2\/posts\/701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=701"}],"version-history":[{"count":0,"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=\/wp\/v2\/posts\/701\/revisions"}],"wp:attachment":[{"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bendwavy.org\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}