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Comment by legitster

This is misleading. Adam Smith presented this as a possible solution to an economic paradox at the time. But later philosophers came up with much better solutions:

https://en.wikipedia.org/wiki/Paradox_of_value

There's no reason to believe that Smith wouldn't have latched onto the much better solution. So being hell-bent on the incomplete answer from the 1700s is a unique peculiarity of Marxist theory.

parent legitster 3 years ago

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