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ecastronova on Jan 27, 2010 in Economics | Permalink
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My pleasure, Terra Nova!
We discussed the article yesterday in my International Political Economy class. Some fellow students were shocked that people willingly pay for virtual goods, but I explain they're not paying for an item insomuch as they're paying to save time and labor. Thus time/labor = real value, regardless that the item is just a collection of zeros and ones on a server.
But I'm preaching to the choir here. ;-)
J.D. Fielder |
Jan 29, 2010 at 15:18
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