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international scene, the law of value is presented as the law of high-profit generation and of the widening of inequality. …
Persistent link: https://www.econbiz.de/10005685225
This paper provides theoretical tools for discussing some aspects of the nature’s value controversy within Ecological Economics. It is argued that the critical stance of ‘incommensurability of values’ can be reinforced with key insights coming from a political economy of wealth inspired by...
Persistent link: https://www.econbiz.de/10005741174
substituting wage-goods for labour in the process of price determination, it implies a loss of the fundamental Marxian distinction …
Persistent link: https://www.econbiz.de/10011109992
This paper provides theoretical tools for discussing some aspects of the nature’s value controversy within Ecological Economics. It is argued that the critical stance of ‘incommensurability of values’ can be reinforced with key insights coming from a political economy of wealth inspired by...
Persistent link: https://www.econbiz.de/10005395045
stock is held fixed, the aggregate supply function or price is TC plus Profit=TR. Letting P= profit, wN equaling TVC, and pO … continue to use his own original, simultaneous, four equation, IS-LM model because he could not satisfactorily integrate price … and profit expectations into the IS portion of the model. Keynes's model of an Aggregate Demand Function, D, and an …
Persistent link: https://www.econbiz.de/10012934661
center to the periphery. From elementary systemic properties the relation of income and profit is then consistently derived …. This solves the profit conundrum. …
Persistent link: https://www.econbiz.de/10011109627
that all probability preferences were linear. The whole is nothing more than the individual sum of each part. The third … axiom was that all the relevant information, data, evidence or knowledge base is complete, so that individual decision … asserted that all rational decision makers would be able to actually maximize utility and returns as long as government would …
Persistent link: https://www.econbiz.de/10012895420
additive probabilities,sub additive probabilities, interval valued estimates, decision weights, etc, in Parts II, III, IV and V …
Persistent link: https://www.econbiz.de/10012825120
B. Hill’s work on the “Confidence approach “ to decision making under uncertainty is based on the use of interval …
Persistent link: https://www.econbiz.de/10013252247