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thanks in advance from Freeponomists out there.
1 posted on 04/29/2006 11:23:19 AM PDT by Rakkasan1
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To: Rakkasan1

I don't think Groucho ever said anything about labor one way or the other.


2 posted on 04/29/2006 11:28:13 AM PDT by P-40 (http://www.590klbj.com/forum/index.php?referrerid=1854)
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To: Rakkasan1
if labor is not the source of wealth, what is?

Money.

3 posted on 04/29/2006 11:28:25 AM PDT by rickmichaels
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To: Rakkasan1

The mind AKA; thinking, imagination and creativity, these are at the root of wealth creation. Muscles do not create wealth, thought does!


6 posted on 04/29/2006 11:32:18 AM PDT by freeforall
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To: Rakkasan1

People investing capital in superior production methods to more efficiently make items of higher demand creates wealth.

Capital mobility facilitates this, it means people and money are free to move where they receive the most gain.

Marx never considers that the value of things depends on demand, so every object that takes the same amount of labor to make is equally valuable under marxism. Gee why didn't that work.


7 posted on 04/29/2006 11:51:43 AM PDT by Mount Athos
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To: Rakkasan1
This question is addressed at length in the classic The Wealth of Nations; which part concerning the role of labor did you not agree with?
9 posted on 04/29/2006 12:03:02 PM PDT by Publius6961 (Multiculturalism is the white flag of a dying country)
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To: Rakkasan1

Source of wealth was supposed to be "added value" derived from pernicious exploitation. Labor was considered to be the primary source of this "added value" [as being the most convenient and plentiful to exploit], hence the "avant-gard of society" with all the rest of that crap thrown in there like the icing on a cake.


11 posted on 04/29/2006 12:17:11 PM PDT by GSlob
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To: Rakkasan1

Google "Marx Labor Theory of Value."


14 posted on 04/29/2006 12:44:15 PM PDT by 1rudeboy
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To: Rakkasan1

Labor is ultimately the source of all wealth but undifferentiated labor is not the measure of the value af anything. Marx was wrong in that he thought that labor was indiscriminately quantifiable, i.s. an hour working a drill press on an assembly line has the same value as an hour on a shovel. Labor is the source of wealth. But some labor produces less wealth than other labor.


19 posted on 04/29/2006 2:47:33 PM PDT by arthurus (Better to fight them OVER THERE than here.)
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