There is no AI. No system, nothing, that can calculate that.
It happens organically. Via market forces.

This is why socialism always fails.

in theory, yes. but modern trading bots can ALREADY create market changes that look like authentic trends

supply and demand haven't been the primary input variables for quite some time

Socialism is just laziness

a market manipulated by an elite few for their benefit shows little difference to a top-down economy

The question was the practical one. And the cost of production *should* play into the hamfisted answer provided.

what about services?

So, no, not outright negation if you'd rather discuss it.

or IP?

As said, cost of production is the first question for valuation.

but a service doesn't nessecary have any cost of production

Eh, secondary costs of manpower maintenance and so on play.

https://www.youtube.com/watch?v=xd1Fd-WzF7k

i am of the traditional school of thought that only PRODUCTION represents true economic value

Eh, service is valuable as well.

services simply enable producers to spend more time producing

but they provide no lasting value

And manpower costs count as material in context.

Eh, providing that time is of lasting value.

if i create a knife, that knife is useful even if it is stored in an attic yrs later and then bought at a yard sale

but a service is an expendable

if money gets tight, everyone starts doing their own services

but production always retains value

Eh, what of training, then?

training is overhead

There is that adage about teaching a man to fish versus providing a fish.

a simple cost of doing business

yup

the key to note is what the source of 'value'' is

It is a cost of it, but undermining the instructors' service is part of what got us into this predicament.

market value isn't intrinsic value nor cost

*shrugs* We're not gonna reach eye to eye on this one.

we are

Service has value, as does material. Your position does not agree with this.

i never said there was NO value

I said that value didn't have the same WEIGHT as production

services like business 'oil the machinery' of production and trade

but they aren't ESSENTIALS

"i am of the traditional school of thought that only PRODUCTION represents true economic value" If you're walking back this point, very well.

rememeber that any production also implies a degree of creative destruction which has costs of their own