hardly, they both put stock to some extent in the LTV although it wasn't named when Adam Smith remarked on how intrinsic value is derived.
Though in practice we can see all around us the disbursement of the invisible hand in the allocation and distribution of resources, his misstep was failing to recognize and fully explore the theory of marginality despite touching on it.
Homey just made up bartering as the norm in history. Had some good ideas but also some pretty dumb and fantastical claims that lead to some very misguided ideas as well. Dude was just clueless on money and credit.
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[ 3.4 ms ] story [ 17.4 ms ] threadThough in practice we can see all around us the disbursement of the invisible hand in the allocation and distribution of resources, his misstep was failing to recognize and fully explore the theory of marginality despite touching on it.