Adam Smith (Optional)

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The first modern development economist and in many ways still the best. For that matter he is probably the best and most important economist ever. Still.

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Hayek’s Use of Knowledge in Society as a descriptor of the price system is still the gold standard to me 😍

jwithy
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When Adam Smith says "wages are determined by productivity", does he imply labour theory of value? If so, is LTV true?

ralphmarionvicta