“This dude named Carl sits in his study in 1871, probably wondering why classical economists kept insisting that labor creates value when any fool could see that a glass of water means nothing to someone drowning but everything to someone dying of thirst.” (Handre)
— AXEC (@EgmontHandtke) April 8, 2026
Austrianism… pic.twitter.com/ASFn9zNZNV
Related 'The value of water and diamonds: back to square one' and 'Gold-making, wine from water, M―C―M', perpetuum mobile, free lunch, beating the stock market, and the perennial human dream'