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Karl Marx and Henry George argued that all labor is exploite

Paper help Economics Karl Marx and Henry George argued that all labor is exploite

Economics

Karl Marx and Henry George argued that all labor is exploite

Karl Marx and Henry George argued that all labor is exploited. Natural resources and labor produce… Show more Karl Marx and Henry George argued that all labor is exploited. Natural resources and labor produce all products and capital is just a combination of natural resources and labor from a previous period. Any value in addition to natural resources is thus created by labor. Profits are just value created by labor but not paid to labor. This is a powerful critique of capitalism. J.B. Clark developed cost curves and a theory of the firm to disprove this claim by Marx and George. What did J.B. Clark argue instead? • Show less

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