| This question <96|161-1> overall <103|105> Hans: <103|105>. |
| Question 53: The value of a commodity does not increase if it is made by a slow or inept laborer. Explain carefully why not. Whose decision is it to do things this way? How is it enforced? |
| [104] Hans: A much-desired connection with the mainstream Pizza's answer [96] phrases the same argument in the language of modern mainstream economics, which Chocolate gave in [54], and which also Fritz gave in [70] with his car wash example. When I say “rephrase” one might think this is no big deal. But it is. By this rephrasing, Pizza makes a very powerful analytical apparatus available to us. |
| Neoclassical theory is wrong, but this does not mean we cannot learn from it. Lots of extremely smart people are working in the field. Yes it is amazing that despite their IQ they don't notice (or in any case do not admit to themselves) the obvious flaws of their approach. |
| Just one question, Pizza: I don't quite see which role your assumption of |
| No differentiation of labor |
| plays in this derivation. |
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