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Jan 27, 2010



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. ;-)

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