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Monday, September 01, 2008
Paul Greenberg :: Townhall.com Columnist
The Labor Theory of Value
by Paul Greenberg
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He liked his houses kept up, the lawns mowed, so they would look like something. Like a good pair of shoes.

Like most Americans, the old man was too deeply involved with labor and capital to think in those terms. Instead he thought in terms of people and whether their work - and their word - was good.

When he died, people the family couldn't remember, maybe had never seen, showed up at the house to pay their respects. They'd all tell much the same story-how he'd given them credit when they needed it, or a little help when they were trying to get started.PB

He liked giving people a start. There was Henry Johnson, for example, whom he'd hired as a boy - and taught how to fix shoes. Henry would stay with him for the next 50 years through the old man's various ventures, mastering one skill after another.

His apprentice would grow old with him, teaching his boss as much he'd learned, and die two weeks before the old man himself did. The family smiled knowingly. They understood that Henry had just gone ahead, as usual, to scout the territory.

On this Labor Day, a great deal will be said in the usual press releases, but none of it will be more eloquent than work done well. To me, two new soles on a pair of well-shined shoes still say more than all the Labor Day speeches ever written.

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related Post, inspired by Pauls Article
This gentlemen explores the idea of change in our society.

http://www.flawedspecies.com/misc/labor%E2%80%99s-two-ways- of-life-contrasted/

Thought it might interest you guys

don't get it
since the subject seems to have had no problem paying rent for the use of capital (his building) nor for accumulating capital of his own which he held out for rent. So labor doesn't conquer all in the end.
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