Last Knight Live Blog 17 Kraus

Money and economic calculation in terms of money receipts and money outlays are indispensable elements in our daily economic lives. It is simply inconceivable to go about producing and consuming without using money and economic calculation in terms of money. The motivations of businessmen to invest in a new line or enlarge the existing line of production are determined by the difference between the money the business is projected to be spent and received. In short, their motivation is that of pursuing a money profit.

Objectivist Law Prof Mossoff on Copyright; or, the Misuse of Labor, Value, and Creation Metaphors

In my posts Owning Thoughts and Labor and Thoughts on Intellectual Property, Scarcity, Labor-ownership, Metaphors, and Lockean Homesteading, I discuss several problems with over- or mis-use of various metaphors in political theorizing, especially the idea that we “own” our labor and “therefore” come to own things we “mix our labor with”; the idea that we own things we &#8220