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economy based on a 'three stages' theory of society, a labour theory of normal prices and distribution, and a concept of … process of gravitation towards equilibrium, a quid pro quo theory of taxation - which attracted Turgot's attention. Had it not …' theory of society, which lies at the core of his analytical argument. Then follows an analysis of his principle ideas in …
Persistent link: https://www.econbiz.de/10004966958
The Global Financial Crises has motivated some to rethink the dominance of global capitalism. This has revived an … interest in Marxist doctrine and in particular its examination of the notion of exploitation. Marx’s theory of value is central …
Persistent link: https://www.econbiz.de/10011161132
) reveal how the reactionary political use of Sraffa's theory avoid the expansion of Marxism within economics; 2) explain how …The two main critiques of the labour theory of value - the critique of contradiction and the critique of redundancy …
Persistent link: https://www.econbiz.de/10010722747
Ronald Meek has (deliberately) ignored a very important discovery of Jevons. When labour is measured in terms of marginal labour values prices are proportional to these values and commodities exchange accordingly. This has been rediscovered by Soviet economists and that has been published in the...
Persistent link: https://www.econbiz.de/10005835681
The difficulties of the classical and Marxian labour theory of value are overcome when labour is measured in terms of … to the ratio of marginal labour values. This article presents the marginal approach to the labour theory of value. …
Persistent link: https://www.econbiz.de/10005619897
Persistent link: https://www.econbiz.de/10009396998
In Chapter 3 of the General Theory, Keynes sketches out what he calls the essence of the General Theory of Employment …
Persistent link: https://www.econbiz.de/10010721583
In Chapter 4 of the General Theory, Keynes discusses the units of measurement he will be using in the remainder of the …
Persistent link: https://www.econbiz.de/10010721584
Chapters 8, 9 and 10 set out Keynes’ theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I …
Persistent link: https://www.econbiz.de/10010721585
This paper puts John Maynard Keynes’ "The General Theory of Employment, Interest and Money" into its historical context … background to the General Theory, looks at the influence of other economists of the period on the evolution of Keynes’ thought …
Persistent link: https://www.econbiz.de/10010721586