#marginalism — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #marginalism, aggregated by home.social.
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In #economics there's this huge debate between #marginalism and the #labortheoryofvalue.
In my opinion, where these things intersect is in the fact that rich people are willing to pay a lot more money when they think a human made something.
For example, caramel. It's made of like 3 ingredients: sugar, cream, and salt. It's just that rich people are alienated from the process of turning those inputs into a final good, so they don't understand how cheap making caramel truly is.