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by MassPikeMike
632 days ago
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Choosing labor as the value is worse than arbitrary, because labor is far less fungible than (say) commodities. The value of labor depends on whose labor it is for the job. Half an hour's labor by one person can turn apples, flour, butter, and sugar into a delicious pie; half an hour's labor by a different person will create a soggy mess. In one case, labor adds value; in another case, it destroys value (can't use that flour for anything else now.) |
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