Wednesday, January 7, 2015

Evolution and Value

If Darwin is correct, underlying Labor, Exchange, and Use varieties is what can be called Evolutionary Value. But, as is often the case in his and related theories, 'evolution' should not be confused with 'survival'. For, while, for example, in 2015 the Utility of the Internet is widely recognized, in 1970, the species seemed to be surviving quite well without it, from which it can be inferred that technological invention constitutes a leap in, not a mere continuation of, the life-span of the species. So, given the decisive role that such innovation clearly plays in the formation of Economic systems, e. g. the breeding of Capitalism and Socialism by the Industrial Revolution, the three traditional varieties of Value can each be regarded as superficial.

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