The product of mental labor — science — always stands far below its value, because the labor-time necessary to reproduce it has no relation at all to the labor-time required for its original production.
Bio: Peter R. Fisher is a senior lecturer at the Tuck School of Business at Dartmouth College, and a senior fellow at the Tuck Center for Global Business and Government. He is also a former executive at BlackRock and a former senior official at the U.S.