Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
Thursday, November 12, 2015
Wednesday, November 11, 2015
Ken Boulding
Anyone who believes that exponential growth can go on forever in a finite world is either a madman or an economist.
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