Yeah even putting aside demand (just because someone spent 50 years making one really good vase doesn't mean 50 years of pottery wouldn't be better even if the potter had to dredge all of the clay themselves instead of using apprentices or hired servants) it has been obviously broken since the Industrial revolution at least but had predecessor cases that pointed out it wasn't true. Aquaducts or irrigation canals alone snap it in half.
It goes from "effort to haul X ammount of water Y distance by N people" to "and it just flows after this constant work".
Why? A 100 dollar bill, is a reciept that promises to buy you 100 dollars worth of value. Previously that value was tied to gold, but now it’s a more flexible notion.
What do you mean? It has been proven empirically, see work done by Paul Cockshott. Coming from pure reason, the theory is pretty sensible as well, and provides a good model to understand the origin of value in the economy. It is especially useful when trying to understand the effects of massive automation on society.
It goes from "effort to haul X ammount of water Y distance by N people" to "and it just flows after this constant work".