Re:Small cities in America’s Mountain West are booming
by pdonis on Tuesday April 20, 2021 @01:41PM
(#26877856)
> Aquinas believed all gains made in trade must relate to the labour exerted by the merchant, not to the need of the buyer.
So if I need my house painted, I should pay you a lot more if you do it with a toothbrush instead of normal painting equipment?
> the divorce of market value from labor
Which is simply a fact of life--often an unpleasant one, but a fact nevertheless. Market value--what someone else will trade for something you have--has nothing to do with how much labor you put in to whatever it is you have.
So if I need my house painted, I should pay you a lot more if you do it with a toothbrush instead of normal painting equipment?
> the divorce of market value from labor
Which is simply a fact of life--often an unpleasant one, but a fact nevertheless. Market value--what someone else will trade for something you have--has nothing to do with how much labor you put in to whatever it is you have.