
 |
|
March 19, 2010
JWisdom.com Stewards of sacrifice
with Rabbi Sroy Levitansky (5 minutes)
Caroline B. Glick: Why Obama is waging war on Israel
March 18, 2010
JWisdom.com Love me not?
with Rabbi David Aaron (5 minutes)
Jonathan Rosenblum: Washington Throws a Tantrum
March 17, 2010
JWisdom.com How to perform a miracle
with Rabbi Yaakov Asher Sinclair (4 minutes)
Anne Bayefsky: Behind Obama's Dangerous Overreaction on Israel
March 15, 2010
JWisdom.com Moody, Grumpy, Irritable Children
with Sarah Chana Radcliffe (5 minutes)
JWisdom.com Manufacturing mediums
with Rabbi Sroy Levitansky (4 minutes)
Glenn Garvin: Conspiracy theories, why people believe them and how they spread
JWisdom.com For Yourself, Not By Yourself
with Rabbi Lawrence Hajioff (8 minutes)
Paul Richter: Biden promises 'viable Palestine' is in the offing
March 10, 2010
JWisdom.com How To Get A (Real) Life
with Rabbi Warren Goldstein ( EXTENDED EPISODE)
Paul Richter: Israel exerts soverign right to its capital as Biden looks on astounded
March 9, 2010
JWisdom.com Free To Be (Responsibly) You and Me!
with Rabbi Naftali Brawer ( 8 MINUTES)
David G. Savage: Supreme Court to rule on free speech in case of soldier's funeral
March 8, 2010
JWisdom.com Finding or Losing Yourself? Here's How!
with Rabbi David Aaron ( 5 MINUTES)
Steven Emerson: America must learn from the UK about the future of Islamist subversion
March 5, 2010
JWisdom.com The Limits of Eternity
with Rabbi Sroy Levitansky ( 4 MINUTES)
March 4, 2010
JWisdom.com Using Things, Loving People
with Rabbi Lawrence Hajioff ( 7 MINUTES)
March 3, 2010
JWisdom.com Grasping The Name of Your Life Game
with Rabbi Warren Goldstein ( 8 MINUTES)
March 2, 2010
March 1, 2010
JWisdom.com Whole in One
with Rabbi David Aaron ( 5 MINUTES)
Michael Muskal: Hillary meets with Israeli official, discusses gefilte fish dispute
Feb. 26, 2010
JWisdom.com A Biblical Secret for a More Powerful You
with Rabbi Sroy Levitansky ( 5 MINUTES)
Feb. 25, 2010
JWisdom.com The Second Most Important Question in Your Life
with Rabbi Yehoshua Karsh ( 5 MINUTES)
Seema Mehta : U.S.-Israel relations raised in California's Senate race --- by conservatives
Feb. 24, 2010
Feb. 23, 2010
JWisdom.com The Last Laugh of Enlightenment
with Rabbi Yaakov Asher Sinclair ( 5 MINUTES)
Feb. 22, 2010
JWisdom.com Esther and the third Truth with Rabbi David Aaron ( 9 MINUTES)
Feb. 19, 2010
JWisdom.com Olympic Faith
with Rabbi Sroy Levitansky ( 5 MINUTES)
Caroline B. Glick: Israel and the West are perpetrators of a myth that endangers the Jewish State
Feb. 18, 2010
JWisdom.com A Wedding Disaster to Remember
with Rabbi Y.Y. Rubinstein ( 3 MINUTES)
Feb. 17, 2010
JWisdom.com Think your life is messed up?
with Rabbi David Aaron ( 11 MINUTES)
Greg Logan: 'Greatest Jewish sporting event of all time since David versus Goliath' may be postponed because of bar mitzvah
Feb. 16, 2010
JWisdom.com Feet On The Street Spirituality
with Gavriel Aryeh Sanders ( 8 MINUTES)
Marty Peretz: Let Europe Mind Its Own Business. It Brings Nothing To The Table Save For Mischief
Feb. 15, 2010
JWisdom.com Are Our Children Really Ours?
with Rabbi Mordechai Becher ( 5 MINUTES)
Susan King: 'Wolf Man' reflected writer's wartime Jewish experience
|
| |
Jewish World Review
Sept. 1, 2006
/ 8 Elul, 5766
The labor theory of value
By
Paul Greenberg
| 
|
|
|
|
http://www.JewishWorldReview.com |
The old man had long ago given up fixing shoes and gone into another line of work, buying and selling and making a nice living. But he never found any other work that gave him as much satisfaction as putting new leather soles on a pair of uppers. Or putting a pair of Cat's Paw heels on shoes that still had a lot of wear left, and doing it neatly, surely, carefully to last.
He loved the feel and aroma of new leather, the grain in the old. He was seldom as happy as when he could hold a pair of weathered shoes in his hands, turn them over and over, feel the tread, admire the workmanship, and sometimes even name the local shoemaker who'd done it.
He might not have used an elevated, latinate word like Labor for his work, but he knew it required patience, craft, concentration and something else. An ineffable quality. Call it self-respect, and a respect for the work.
His boys could remember those rare occasions when the old man lost his temper. Once he threw a poorly repaired pair of shoes against a wall in his fury. What a sloppy waste of good leather! What a waste of time and the customer's money!
In his old age, he was unable to contain his contempt when he would drive by one of those glittery new shoe stores that sold cheap, shiny imports the cardboard kind sure to come apart in the first rain.
The old man took poor workmanship as a personal affront. Labor wasn't a factor of production to him, it was a calling and a refuge.
The old man wasn't much on theory, but he understood value received, good will, repeat business, and, above all, the importance of trust between people customer and merchant, worker and boss, lender and borrower. To him, commerce was friendship, trust, something that wore as well as the shoes he fixed.
All the talk he heard about labor and capital, first from agitators in the old country, and then as the standard fare of politics in this one, seemed textbookish to him not really useful, like a good solid pair of shoes.
He had a more personal concept of how economics worked. He thought of the economy as a web of personal relationships: with his customers; with the workers he hired and trained and sometimes had to let go; with the banker he depended on to get him started in various new ventures; with the landlord who collected the rent from him; and with his own tenants after he began buying a piece of property here and there, and building some rent houses.
He liked his houses kept up, the lawns mowed, so they would look like something. Like a good pair of shoes.
Like most Americans, the old man was too deeply involved with labor and capital to think in those terms. Instead he thought of the people he dealt with as personalities and judged them by their work.
There was Henry Johnson, for example, whom he'd hired as a boy, and taught how to fix shoes, and who would stay with him for the next 50 years through his various ventures, mastering one skill after another. The old man's apprentice would grow old with him, and die two weeks before he himself did. The family smiled knowingly. They knew Henry had just gone ahead, as usual, to scout things out.
There wasn't much theoretical about the way the old shoemaker lived and prayed and worked. Yet he would have understood instinctively the theory that a politician named Lincoln once propounded before a convention of farmers:
"(L) abor is prior to, and independent of capital; that, in fact, capital is the fruit of labor, and could never have existed if labor had not first existed; that labor can exist without capital, but that capital could never have existed without labor. Hence . . . labor is the superior greatly the superior of capital."
On this Labor Day, a great deal will be said in the usual press releases, but none of it will be more eloquent than work done well. To me, two new soles on a pair of well-shined shoes still say more than all the Labor Day speeches ever written.
Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
JWR contributor Paul Greenberg, editorial page editor of the Arkansas Democrat-Gazette, has won the Pulitzer Prize for editorial writing. Send your comments by clicking here.
Paul Greenberg Archives
© 2006 Tribune Media Services, Inc.
|
|

Arnold Ahlert
Mitch Albom
Michael Barone
Dave Barry
Tony Blankley
Andy Borowitz
David Broder
Stratfor Briefing
Mona Charen
Linda Chavez
Ann Coulter
Greg Crosby
Larry Elder
Suzanne Fields
John Fund
Frank J. Gaffney
Lloyd Garver
Jonah Goldberg
Julia Gorin
Jonathan Gurwitz
Paul Greenberg
Lewis Grossberger
Victor Davis Hanson
Froma Harrop
Betsy Hart
Nat Hentoff
David Horowitz
Laura Ingraham
Cheri Jacobus Jeff Jacoby
Paul Johnson
Jack Kelly
Ed Koch
Ch. Krauthammer
Michael Ledeen
John Leo
David Limbaugh
Kathryn Lopez
Rich Lowry
Michelle Malkin
Jackie Mason
Dick Morris
Bill O'Reilly
Jim Mullen
Clarence Page
Kathleen Parker
Dennis Prager
Wesley Pruden
Tom Purcell
Jonathan Rauch
Celia Rivenbark
Robert Robb
Cokie & Steve Roberts
Pat Sajak
Debra J. Saunders
Culture Shlock
Roger Simon
Michael Smerconish
Thomas Sowell
Mark Steyn
John Stossel
Cal Thomas
Bob Tyrrell
Diana West
Dave Weinbaum
George Will
Walter Williams
Byron York
Mort Zuckerman

Robert Arial
Chuck Asay
Baloo
Chip Bok
Dry Bones
Lisa Benson
John Branch
Gary Brookins
John Cole
J. D. Crowe
John Deering
Brian Duffy
Everything's Relative
Mallard Fillmore
Jake Fuller
Bob Gorrel
Joe Heller
David Hitch
Jerry Holber
Steve Kelley
Jeff Koterba
Dick Locher
Chan Lowe
Ranan R. Lurie
Jimmy Margulies
Rick McKee
Michael Ramirez
Kevin Siers
Jeff Stahler
Ed Stein
Danna Summers
John Trever
Gary Varvel
Kirk Walters

How 2
Lori Borgman
Elder matters
Fixit
Dr. Peter Gott
GET A JOB! by Marty Nemko
Richard Lederer
Tech Maven
Every Monday Matters
Nutrition Myths
Bookmark These
Bruce Williams
How Stuff Works
|