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View submission: Objectivism & Austrian Economics
Exactly. The hourly labor of a hireling on the clock is valuable to the businessman because he’s renting careful hands, strong legs, and/or a quick mind for around eight hours to combine things of low value into something the businessman knows the market wants.
The businessman is the one who arranges for the worker to be where the materials, tools, plan for the product, and the will to work are all together. Thus the businessman has value to the market, the holder of value to be exchanged for produced value.
There's nothing here!