Monday, July 9, 2012

Böhm-Bawerk: he entire future value of his product now

"The completely just proposition that the worker is to receive the entire value of his product can be reasonably interpreted to mean either that he is to receive the full present value of his product now or that he is to get the entire future value in the future. But Rodbertus and the socialists interpret it to mean that the worker is to receive the entire future value of his product now."

--Eugen von Böhm-Bawerk

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