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1answer
49 views

Is the gender divide a class divide?

Simone Weil wrote in Gravity & Grace: Up to now, history has only shown us societies divided up into classes, except for altogether primitive societies in which no differentiation has yet ...
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1answer
59 views

Philosophy of Chankya/Kautilya [closed]

I have heard and also read a little that in 500 B.C. an Indian genius Chankya, caused the fall of Magdha empire, and made a street guy The king named Chandragupta. He was an exceptional strategist and ...
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4answers
227 views

Is it immoral to buy / own / sell stock in an evil company?

Scenario. I have decided that I should not buy widgets from Company X because I do not want to support various immoral things Company X does to produce said widgets. Claim. It is nonetheless morally ...
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3answers
57 views

Why does the concept of the division of labour put forth by Adam Smith continue to be analytically significant?

Is it because the modernity is defined through the extent of division of labour? Also, how tightly has this concept integrated with our current society and how is it affecting it? What measures can be ...
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3answers
66 views

The culture industry and division of labour

The division of labour is the specialisation of cooperating individuals who perform specific tasks and roles. It is thought of as perhaps supremely alienating by Marxists, though I never found ...
0
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1answer
81 views

Do we have an obligation to respect our teachers? [closed]

Many philosophers teach us to respect those who are teaching us. For example, one of the five classics of the Confucian canon [The Classic of Rites - Liji] claims in "Record of Education" that: ...
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3answers
36 views

Who owns the means of production?

Labour is Marxs term for those who do not own the means of production and thus rely on their own labour - ie they are wage earners. What is his term for those who do own the means of production? Its ...
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4answers
85 views

What is an example of human labour being the exclusive source of surplus value

Marx's labour theory seems to define surplus value as being produced exclusively from human labour. One discussion of this concept stated: Machinery, and tools of production do not create surplus ...
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2answers
49 views

How does Marxist Economics account for taxation?

In Marxs theory of Capital, he suggests that the origin of profit (in a factory) is surplus labour. (A factory may as well be a company, a record label or a health-care unit). The government by ...
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1answer
44 views

The future of my philosophical understanding and methods for getting there

I am trying to go through a semi-rigorous self-teaching regimen, and I was wondering if I could get some criticism on my approach. I'm interested in philosophy of economics, social philosophy, and ...
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0answers
57 views

Mass surveillance and the concealed subject of power

In Spivaks essay, can the Subaltern speak, she states that: [the] contemporary invocations of the libidinal economy and desire as the determining interest, combined with practical politics of the ...
3
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3answers
76 views

Economics, State and Violence

I think it was the continental sociologist Weber who defined a State as that organ of a nation that has a monopoly of violence. Economics, at least what minute fraction I know, appears to ignore ...
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1answer
75 views

The mass surveillance of price and the invisible hand?

In Hayeks Road to Serfdom, he distinguishes between central planning & decentralised planning. And states that decentralised planning makes the most sense, since the available information is too ...
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4answers
286 views

Why are Objectivists against Socialism?

From what I understand, Objectivism advocates rational selfishness - to put yourself before the masses, unless you don't want to - essentially to do what you want instead of blind altruism. In the ...
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2answers
72 views

Does Risk Aversion cause Diminishing Marginal Utility, or vice versa?

Let A be the set of possible states of the world, or possible preferences a person could have. Let G(A) be the set of "gambles" or "lotteries", i.e. the set of probability distributions over A. Then ...
2
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1answer
182 views

Was Ayn Rand affected by Italian Futurism?

Italian Futurism was an art movement in early 20th century Italy which celebrated youth, violence & technology: Marinetti expressed a passionate loathing of everything old, especially ...
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2answers
127 views

Whats the difference between fixed and constant capital?

Rosa Luxembourg in The Accumulation of Capital describes & investigates the constant and fixed capital of Marx & Smith respectively. With Marx, she says Constant capital is the value ...
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2answers
56 views

Does this count as a critique of Marxs Labour theory of value?

Marxs theory of value uses the input of Labour as determinining Production Value. But what if we can do away with Labour? For example, consider a perfectly automated factory producing mugs. This ...
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1answer
57 views

Are materialism and methodological individualism compatible?

One of the fundamental principles of the Austrian school of economics, particularly the kind promoted by Ludwig von Mises and Murray Rothbard, is methodological individualism, according to which the ...
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2answers
156 views

What arguments have there been on the relative merits of praxeology vs rationality?

Suppose you know what someone's goals are, and how much they value each of their goals. Then if you observe their behavior in a given situation, how can you understand why they acted the way they ...
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1answer
70 views

What's Good for the Goose is Almost Never Good for the Gander

It's often said that "what's good for the goose is good for the gander," meaning that if something is good for or benefits one person, it is likely to benefit the group of which they are a part. I'm ...
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4answers
272 views

What responses have there been to Mises' theory of praxeology?

In his treatise Human Action, Austrian School economist Ludwig von Mises attempts to establish economics not as an empirical science, or a mathematical theory, but as a synthetic a priori endeavor he ...
0
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1answer
94 views

Is there an economic philosophy that is dualistic?

In classical economics its obvious that the philosophical model followed is inspired by both physics in its reductionism and biology to a primary notion - that of self-interest. This self-interest ...
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2answers
185 views

Is the perfect competition hypthesis simply the Hobbesian state of nature in the commercial realm?

Hobbes defines the state of nature as war of all against all. Is the perfect competition hypthesis as classically defined presumably by Adam Smith simply this but rather than man against man, ...
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3answers
363 views

Why are humans risk-averse? [closed]

The economic theory and much of the decision theory are based on the assumption that we are risk-averse creatures; in the sense that we are more sensitive to bad outcomes than the good ones and so ...
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1answer
94 views

Does economics as a science or a technology take only the legitimate economy as its proper field of study? [closed]

My impression as a science or a technology it takes only the legitimate economy (that is under the rule of Law) as its proper sphere. That there is a preponderance of studies on the legitimate ...
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3answers
255 views

Is it ethical to block ads while still consuming content?

When browsing the web, many users block advertisements for a surprisingly wide variety of reasons. The site operator can send the user whatever they want, often a mix of the sought after content, good ...
0
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1answer
316 views

What does it mean to borrow from the future?

I've heard this phrase used in economics. But it seems singularly inapt, the future is never here - how can you borrow something that doesn't exist?
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6answers
555 views

Can a “blood diamond” ever be redeemed for morally good purposes?

I'm looking at the concept of how bad money (blood diamonds for example) relates to good money, and how a transfer from one to the other would occur. Premise & Example I don't want to ...
1
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1answer
82 views

Classical economics make use of the concept of the rational agent, how true is this?

I want to be clear here. An agent is rational if his motivations can be rationally explicable whether we can deduce them or not, or whether she herself is aware of them or not. Its a fundamental ...
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2answers
122 views

What would an economics that takes buddhism seriously look like?

Capitalism is predicated on desire, and on maintaining that desire. Buddhism turns away from desire. Has anyone written anything that takes Buddhism seriously enough to make it the centre of their ...
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2answers
991 views

Difference between Utilitarianism and Capitalist justice

I am a student of econometrics and I'm studying the philosophy of economics. This week I have exams, and I was reviewing last year's exam to practice. I ran into this question: One of the arguments ...
4
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1answer
2k views

What does Marxism envision as the role of the state in the economy?

According to Marx, in capitalism, what role does the state play? Is it independent of the economy? Also, does the exploitation of the proletariat by the bourgeoisie, have anything to do with the state ...
5
votes
1answer
70 views

Does rational choice theory stack up against reality?

Rational choice theory has been criticised on the grounds that "consumers are not rational, so doesn't make much sense because utility functions can't model consumer preferences." But is there actual ...
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4answers
492 views

Why can't (or shouldn't) economists answer normative questions?

Normative questions are those which: affirm how things should or ought to be, how to value them, which things are good or bad, which actions are right or wrong. Normative is usually contrasted ...
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4answers
126 views

What philosophers and schools have considered 'transcendental' economic values?

Background Settle a bet- more likely; enrich a debate. A friend of mine (a philosophy PhD with a penchant for economics) and I have been arguing for some time on the same topic. He is a libertarian ...
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3answers
1k views

What are the main points of contention between Marxist and capitalist economic philosophies?

What are the main points of contention between Marxist economic philosophy and the various "pro-capitalist" economic philosophies (Labor Theory of Value, Austrian School, Libertarianism, etc.?)