In the same way that one could talk about 'return on capital,' one could talk about 'return on labor' and 'return on land.' I don't think it's controversial to

In the same way that one could talk about 'return on capital,' one could talk about 'return on labor' and 'return on land.' I don't think it's controversial to say that capital and "entrepreneurs" [0] have made much better returns in SV then land or labor have. The arguments usually start why that's the case and whether it can/should be otherwise. [0] Entrepreneur is a concept that AFAIK economics does not have a good way to deal with. It seems to be a special class of labor because entrepreneur make there money by knowing exactly what kind of labor would be most useful. But it also seems to be a special class of capital because they make all of there money on equities (by selling shares in their own companies that they bought for pennies at founding). If anyone has a coherent theory of economics that accounts of entrepreneurs, I'd love to read about it.