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It can be explained if you cost things in hours rather than money. As we improve technology fewer and fewer hours are required to create an item. But a violin
by neilwilson 6y ago
It can be explained if you cost things in hours rather than money.
As we improve technology fewer and fewer hours are required to create an item. But a violin concerto takes the same amount of human time.
Which then leads to the conclusion that we really exchange time when trading. Each of us only has a finite amount of time after all.