13-1a3.2 If all factors are specific, there is no cost

Because the cost involves what it could’ve been otherwise—and there is no otherwise under our assumption where all factors are specific.

“Since such factors as land and the produced capital goods have only one use, namely, the production of this product (by virtue of being purely specific), they involve no cost to their owner in being used in production.”

Next:

• 13-1a3.3 The use of labor has a cost in accordance with the subjective value of the leisure forgone

Related:

• Because of the multiverse, we could always do betterrevisit
  • 10-2e8 Reasoning about causes and effects is reasoning about variants of the causes and effects. What would’ve happened. How it could’ve been otherwise.
  • 10-2g2e9 Abstractions are corrected by realizing how ‘it could’ve been otherwise’
  • 13-1a Humans have problems because we have to choose because we could be otherwise because of the multiverse