Materiation

It seems to me that the essence of economics is the myth that human labor causes materiation. The idea that our work creates something more valuable from something less valuable. What we end up with at the larger scale is all of humanity squabling for resources, and then shock and outrage that some win the fight while others lose...

Everyone labors for their own benefit.

If value were truly being created by labor, how is it that poverty exists?

Ma*te`ri*a"tion (?), n. [L. materiatio woodwork.]

Act of forming matter.

[Obs.]

Sir T. Browne.

 

© Webster 1913.