The Paradox of Capitalism and the Paradox of Socialism

pencil

Would you pay $1,000 for this pencil if the person who created it told you it took him 250 hours to make? That you most likely would not is proof that the labor hypothesis of value is incorrect.

Would you pay $1,000 for this pencil if the person who created it told you it took him 250 hours to make? That you most likely would not is proof that the labor hypothesis of value is incorrect.

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