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#11
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[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] The product of innovative labor, i.e. the resulting novelty, is private property. [/ QUOTE ] The actual thing, yes. The idea of that thing, no, because it is not scarce. By definition. [/ QUOTE ] Innovative labor produces the added value of innovation. [/ QUOTE ] I've already agreed that labor is scarce. That doesn't mean the concept of what that labor produces is scarce. Because the concept can be infinitely shared without reducing the ability to use the concept. Which, by definition, means that the concept cannot be economically scarce. [/ QUOTE ] While it is true that the results of the labor of innovation can be shared without reducing their USE, their VALUE to the laborer is most certainly diminished when anyone can adopt them. |
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