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I like the article, but it comes so short on describing what economists do it’s almost a strawman. The possibility to convert money into labor in a labor market
by nkmnz 5y ago
I like the article, but it comes so short on describing what economists do it’s almost a strawman. The possibility to convert money into labor in a labor market is not rendering the labor irrelevant and leaving you with capital only, because, simply put, the money spent on labor is _not_ allocated capital - in the worst case, it’s purely cost! Cash and capital are not the same thing!