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Unformatted text preview: against the justification of appropriation.-Land that is appropriated must be improved. (section 32)another passage pg. 313passage-must leave enough and as good for others Labor Theory of Value-Only labor can create value-Can reckon value of ting by adding up labor required to produce it.-Theory held by a lot of economic thinkers from the 15 th to 19 th century.-Labor creates a greater stock of goods, and allows appropriation within the proviso: leave enough for others Money-Because it does not spoil, it allows us to hoard wealth without violating the proviso: do not waste (made out of durable materials)-Question: does a failure to invest money wisely constitute a kind of waste? Origin of Inequality No great inequality in state of nature Money allows hoarding, which allows some to collect more than others Inequalities that are created by labor are morally justifiable...
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This note was uploaded on 04/30/2008 for the course PHIL 180 taught by Professor Staff during the Spring '07 term at Kansas.
- Spring '07