appendix to chapter 9: what is wrong with using aggregate
... growth theory) has been often justified by recourse to the description of one-good neoclassical models as 'parables' (Samuelson, 1962). This terminology is revealing. A parable is an illustration of a general truth through the narrative of a concrete example. Models based on APFs are considered ‘par ...
... growth theory) has been often justified by recourse to the description of one-good neoclassical models as 'parables' (Samuelson, 1962). This terminology is revealing. A parable is an illustration of a general truth through the narrative of a concrete example. Models based on APFs are considered ‘par ...
Max weber - Centenary College of Louisiana
... Marx’s metaphysical view that all events of civilization are reducible to a single cause, namely the economic order. ...
... Marx’s metaphysical view that all events of civilization are reducible to a single cause, namely the economic order. ...
What Is Economics? - Hoover Institution
... Much of the blame rests on how the popular press covers economics. An investigation by the Ford Foundation and the Foundation for American Communications concluded that “informed coverage of economic matters that now dominate civic and political affairs remains measurably and markedly unfilled” by t ...
... Much of the blame rests on how the popular press covers economics. An investigation by the Ford Foundation and the Foundation for American Communications concluded that “informed coverage of economic matters that now dominate civic and political affairs remains measurably and markedly unfilled” by t ...
The Ambivalence of Gewalt in Marx and Engels
... The two main paths of investigation are the following: first, an analysis, starting with the treatment by Balibar of the notion of Gewalt in Marx and Engels, intended to demonstrate its connection with the capitalist structure, on the economic level, and the statist dimension, on the political level. ...
... The two main paths of investigation are the following: first, an analysis, starting with the treatment by Balibar of the notion of Gewalt in Marx and Engels, intended to demonstrate its connection with the capitalist structure, on the economic level, and the statist dimension, on the political level. ...
Bonefeld (HHS-15-0004 final) - Pure
... individuals vanish, only to reappear as personalities of economic reason, calculating the movement of economic quantities, winnings and losses, and struggling for money-based access to subsistence. Adorno therefore argues that ‘all concepts, even the philosophical ones, refer to non-conceptualities’ ...
... individuals vanish, only to reappear as personalities of economic reason, calculating the movement of economic quantities, winnings and losses, and struggling for money-based access to subsistence. Adorno therefore argues that ‘all concepts, even the philosophical ones, refer to non-conceptualities’ ...
BOH
... 2. While some scholars see mercantilism as the earliest stage of capitalism, others argue that capitalism did not emerge until later. For example, Karl Polanyi, noted that "mercantilism, with its tendency toward commercialization, never attacked the safeguards which protected the two basic elements ...
... 2. While some scholars see mercantilism as the earliest stage of capitalism, others argue that capitalism did not emerge until later. For example, Karl Polanyi, noted that "mercantilism, with its tendency toward commercialization, never attacked the safeguards which protected the two basic elements ...
INTERPRETATIONS OF THE CLASSICS: THE THEORY OF WAGES
... which there exist forms of monopoly or monopsony in the labour market.7 An example of the role of the proportion between quantity of labour demanded and supplied is the fact that Smith sees the ‘constant scarcity of employment’ as a characteristic of a stationary economy, in which natural wages will ...
... which there exist forms of monopoly or monopsony in the labour market.7 An example of the role of the proportion between quantity of labour demanded and supplied is the fact that Smith sees the ‘constant scarcity of employment’ as a characteristic of a stationary economy, in which natural wages will ...
Ten Theses on Marxism and the Transition to Socialism
... the "value added" by workers in production must exceed the wages paid, if a profit is to be made. But no non-Marxist economist, in his day or in our own, would call this discrepancy "exploitation." Why does Marx introduce a normative category here? What's wrong, ethically, with the process just desc ...
... the "value added" by workers in production must exceed the wages paid, if a profit is to be made. But no non-Marxist economist, in his day or in our own, would call this discrepancy "exploitation." Why does Marx introduce a normative category here? What's wrong, ethically, with the process just desc ...
Ten Theses on Marxism and the Transition to
... Gotha Program. If workers were paid the full value of what they added to the raw materials with which they worked, there would be no surplus available to provide citizens with "public goods"-education, health care, and other free or subsidized cultural amenities. There would be no surplus available ...
... Gotha Program. If workers were paid the full value of what they added to the raw materials with which they worked, there would be no surplus available to provide citizens with "public goods"-education, health care, and other free or subsidized cultural amenities. There would be no surplus available ...
Preindustrial Capitalist Forms
... discrepancies in the methodology of the census. However, even according to his own calculations the non-agrarian (urban and semi-urban) population of Russia did not exceed 15% of the total population in 1897 (LCW Vol. 3, pp. 574, 582). By way of comparison, in 1891 the non-agrarian population of the ...
... discrepancies in the methodology of the census. However, even according to his own calculations the non-agrarian (urban and semi-urban) population of Russia did not exceed 15% of the total population in 1897 (LCW Vol. 3, pp. 574, 582). By way of comparison, in 1891 the non-agrarian population of the ...
Marxism and the Failure of Environmental Protection in Eastern
... system was solving Ostrava's environmental problems, and 1985, sulfur dioxide concentrations in the area increased by more than fifty percent.' Today Ostrava is a poisoned city situated within the most heavily polluted region on earth, the "Black Triangle" of Czechoslovakia, Poland and eastern Germa ...
... system was solving Ostrava's environmental problems, and 1985, sulfur dioxide concentrations in the area increased by more than fifty percent.' Today Ostrava is a poisoned city situated within the most heavily polluted region on earth, the "Black Triangle" of Czechoslovakia, Poland and eastern Germa ...
Beyond the 2008 Financial “Crisis”
... is, indemnity value achieves an “identical essence” yet it is at the same moment accounted for as “similar.” However, does this accounting distract itself with its reach for “definite expression?” Rather, does it extend a differentiating complexity of only “similar” objects, and hence an “identity” ...
... is, indemnity value achieves an “identical essence” yet it is at the same moment accounted for as “similar.” However, does this accounting distract itself with its reach for “definite expression?” Rather, does it extend a differentiating complexity of only “similar” objects, and hence an “identity” ...
Unholy Trinity: Labor, Capital, and Land in the New Economy
... operation of the real economy. Furthermore, stable equilibrium systems cannot exhibit complex dynamic behavior, so the neoclassical vision remains blind to the evolutionary, path-dependent, and adaptive character of economic institutions. The Classical vision, on the other hand, is completely consis ...
... operation of the real economy. Furthermore, stable equilibrium systems cannot exhibit complex dynamic behavior, so the neoclassical vision remains blind to the evolutionary, path-dependent, and adaptive character of economic institutions. The Classical vision, on the other hand, is completely consis ...
EconomicsToday-Chapter1
... Rhesus monkeys are willing to forgo 10% of their “income” of cherry juice to examine photos of leading and attractive members of their group. ...
... Rhesus monkeys are willing to forgo 10% of their “income” of cherry juice to examine photos of leading and attractive members of their group. ...
Responding to Classical Liberalism - wchs ss30-1
... Utopian Socialist • :is a term used to define the first currents of modern socialist thought. • the term is most often applied to those utopian socialists who lived in the first quarter of the 19th century. From the mid-19th century onwards, the other branches of socialism, most notably Marxism, ov ...
... Utopian Socialist • :is a term used to define the first currents of modern socialist thought. • the term is most often applied to those utopian socialists who lived in the first quarter of the 19th century. From the mid-19th century onwards, the other branches of socialism, most notably Marxism, ov ...
`Classical` vs. `Neoclassical` Theories of Value and Distribution and
... see through these complexities and intricacies consisted of distinguishing between market or actual values of the relevant variables, in particular the prices of commodities and the rates of remuneration of primary inputs (labour and land), on the one hand, and natural or normal values, on the other ...
... see through these complexities and intricacies consisted of distinguishing between market or actual values of the relevant variables, in particular the prices of commodities and the rates of remuneration of primary inputs (labour and land), on the one hand, and natural or normal values, on the other ...
Price of Information - How do we put a value on it?
... Price of Information How do we put a value on it? Recent reports have begun to place an economic value on public sector information (PSI), with the Commercial Use of Public Information estimating that the current value to the UK economy of PSI could be doubled if more was available for re-use. How d ...
... Price of Information How do we put a value on it? Recent reports have begun to place an economic value on public sector information (PSI), with the Commercial Use of Public Information estimating that the current value to the UK economy of PSI could be doubled if more was available for re-use. How d ...
A Brief Overview of the Theory of Unequal Exchange and... Ayşe Özden Birkan Abstract
... German economist G.Kohlmey was denying the existence of an international rate of profit, the reasons being twofold(Raffer, 1987). Firstly, low wages, low prices of land and low organic composition of capital as well as high rates of exploitation imply that profit rates in the periphery will usually ...
... German economist G.Kohlmey was denying the existence of an international rate of profit, the reasons being twofold(Raffer, 1987). Firstly, low wages, low prices of land and low organic composition of capital as well as high rates of exploitation imply that profit rates in the periphery will usually ...
Value of the Marginal Product
... As we know from earlier chapters, a price-taking firm’s profit is maximized by producing the quantity of output at which the marginal cost of the last unit produced is equal to the market price ...
... As we know from earlier chapters, a price-taking firm’s profit is maximized by producing the quantity of output at which the marginal cost of the last unit produced is equal to the market price ...
capitalism - worldhistorynulty
... individuals from living for their own sake. There should be no worker exploitation in a purely capitalist society, capitalists argue, because all workers are free to choose their employers. (It should be noted, however, that supporters of capitalism do not consider a job that does not completely sat ...
... individuals from living for their own sake. There should be no worker exploitation in a purely capitalist society, capitalists argue, because all workers are free to choose their employers. (It should be noted, however, that supporters of capitalism do not consider a job that does not completely sat ...
Econ4950 Lecture Note 2 26 Jan. 2011
... Petty's strictly analytical contributions to the origins of classical political economy are more limited than his methods and conceps, but nonetheless relevant. In the theory of prices he attempted to find a way of expressing one of the two means of production, labour and land, in terms of other, i ...
... Petty's strictly analytical contributions to the origins of classical political economy are more limited than his methods and conceps, but nonetheless relevant. In the theory of prices he attempted to find a way of expressing one of the two means of production, labour and land, in terms of other, i ...
Classical Economics Versus The Exploitation Theory
... produce of labour belongs to the labourer. He has neither landlord nor master to share with him. ...
... produce of labour belongs to the labourer. He has neither landlord nor master to share with him. ...
Socialist alternatives to capitalism II: Vienna to Santa Fe
... are cheap and already available to participants in open source projects. (The network itself, the internet, is provided socially through a complicated mixture of top-down and bottom-up institutions.) The participants in open source projects typically have “day jobs” that provide them with incomes to ...
... are cheap and already available to participants in open source projects. (The network itself, the internet, is provided socially through a complicated mixture of top-down and bottom-up institutions.) The participants in open source projects typically have “day jobs” that provide them with incomes to ...
Marx on capitalist crisis
... Fourthly: "Since the circulation process of capital is not completed in one day but extends over a fairly long period... it is quite clear that between the starting-point.. and... the end... elements of crisis must have gathered and develop" (p.495). If all capitalist decisions to order or commissio ...
... Fourthly: "Since the circulation process of capital is not completed in one day but extends over a fairly long period... it is quite clear that between the starting-point.. and... the end... elements of crisis must have gathered and develop" (p.495). If all capitalist decisions to order or commissio ...
Moni Guha: Collapse of Socialism
... What is Market Socialism and what are its differences and similarities with Marxian socialism? From the ideo-political and economic standpoint, the theory the Market Socialism and its various variants, from the times of Proudhon and Dühring, is an open negation of the dictatorship of the proletariat ...
... What is Market Socialism and what are its differences and similarities with Marxian socialism? From the ideo-political and economic standpoint, the theory the Market Socialism and its various variants, from the times of Proudhon and Dühring, is an open negation of the dictatorship of the proletariat ...