"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Sunday, October 4, 2009

What is rescuable in the labor theory of value

Every purposeful action aims to improve the value of goods; this is, to bring them closer to the achievement of ultimate ends.

This is true since, given an ultimate end, a good of lower order is more valued than one of a higher order.

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