Knorphus sells his artwork through a concept of equal time value. If time is our constant (N), and Social Wages is a calculated rate (W), then the product of these is a fair price for my art (FP).
If a piece of art takes me two hours to make (N=2), and the person interested in buying it makes $11.35/hour (W=11.35)
Then, 2 x 11.35 = $22.70, the price for the piece of art.
Lovely, isn’t it? :)