4 ms·
Adam Smith did too, to an extent. He realised that wealth is not money but value, but did argue for labour as starting point of value.
by namenotrequired 12y ago
Adam Smith did too, to an extent. He realised that wealth is not money but value, but did argue for labour as starting point of value.
- zo1 12y agoWhich I can understand, because it's only in recent years where labor and value have gotten quite obviously disconnected. To the point such that we've got quite a lot of data points to assert that the theory doesn't hold true anymore.