“My business is worth $250,000 because that’s how much I have put into it over the years.” I hear that all the time. If you’ve ever watched Shark Tank, you’ve seen it too. Entrepreneurs who value their business by the amount of time and money they’ve put into it, independent of its value in the market or the value of its products as determined by supply and...
Karl Marx was wrong about the labor theory of value (and everything else)
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