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by nerdponx 3373 days ago
This just isn't true. Don't let Marx cloud your understanding of Smith.

Value is created when someone is willing to pay for something to get done, and that something gets done at a cost less than or equal to their willingness to pay. If somebody A is willing to pay for money to be moved, then as long as somebody B is there to move that money, then somebody B is likely generating value by doing so.

1 comments

My mistake, you're right. Going to correct my comment.