Planet Earth valued at $4,800 trillion

Such is the state of global capitalism, TechEye can confirm that everything has its price.

This time it’s not a marketing exec who would have undoubtedly recieved both barrels from the late Bill Hicks, it is astrophysicist Greg Laughlin who reckons he’s worked out the monetary value of the earth itself.

The price for our blue planet? Laughlin’s recommended retail comes in at an impressive £3,000 ($4,800) trillion, dwarfing even Manchester City’s 2011 wage bill.

Professor Laughlin from University of California-Santa Cruz, who invented the pricing equation to evaluate discoveries made by NASA’s Kepler spacecraft, also priced up other planets in our solar system.

The entire planet of Mars is apparently worth only £10,000 ($16,361), meanwhile Venus was consigned to the intergalactic bargain bucket at less than a penny.

Laughlin told the Daily Mail that he came up with the figures by collecting information on planets’ size, age, temperature, mass and other stats in order to see how valuable it is to us.

“I’ve just always thought that the concept of an ‘Earth-like planet in the habitable zone’ was pretty vaguely defined,” Laughlin said, “and I wanted a metric that I could plug a planet into to see whether its value was high enough to warrant media hype.”

“This is just a way for me to be able to quantify how excited I should be about any particular planet.”

Laughlin’s equation essentially shows whether planets are worth studying, stating that anything worth less than £60 million ($97 million) just isn’t worth the hassle.