Questions tagged [economics]

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Under Marx's Labour Theory of Value, does the amount of utility in use-value affect the value?

Under Marx's LTV, the existence of value relies on use-value, as the commodity which has the value isn't a commodity without the use-value (tangible features of the commodity which give it utility). ...
edelex's user avatar
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What are the moral arguments for slavery? [closed]

We undoubtedly must have read and heard passionate arguments justifying the abolition of slavery, be it from the clergy, and philosophical and political clerisy; however, what has been absent from the ...
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6 answers
392 views

Is wealth intrinsically meaningful?

Is wealth intrinsically meaningful? Do wealthy people, even misers I guess, necessarily have some sort of meaning to their life? If not, then what relation does wealth have to the meaning of life? The ...
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9 votes
5 answers
2k views

How does wealth corrupt someone?

The findings overall led to the conclusion that wealthier people are less likely to act generously (and more likely to act selfishly and unethically) when given a chance. Other studies seemed to ...
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-1 votes
3 answers
147 views

Is american libertarianism a religion?

It seems to fit definition of religion a cause, principle, or system of beliefs held to with ardor and faith Which would make it like idol worship, the idol being the market. One could dispute that ...
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1 vote
1 answer
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Is there a consensus that cultural, erotic, social capital exists and can be bought with each other and economic capital?

Is there a consensus that cultural, erotic, social capital exists and can be bought with each other and economic capital? This was the basis of the great British class survey, and differing ...
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3 votes
2 answers
289 views

Is human nature a problem for Marxists?

Is human nature a problem for Marxists? So I am very broadly speaking familiar with the idea that before the scientific phase of Marx's work he was more humanist, argued that human nature was being ...
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1 vote
3 answers
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Looking for Marxist or Frankfurt-style critiques of advertising

There is undoubtedly a great deal of cultural criticism of advertising, but I'm looking for a certain angle on the topic. For Marx, the commodity is the primary "atom" of capitalist society ...
Nelson Alexander's user avatar
2 votes
2 answers
173 views

What is meant by Georg Simmel’s philosophy of money?

I am reading a book about how money works that contains a brief summary of Georg Simmel’s Philosophy of Money: “Published in 1900, German sociologist Georg Simmel's book The Philosophy of Money looked ...
Anthony Fallone's user avatar
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4 answers
342 views

Help understanding Marxist critique of capitalism

According to the Wikipedia page on Marxist economics, one criticism Marx had of capitalism is that the capitalist model of employment creates a difference between the value the workers create and the ...
Joa's user avatar
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3 votes
9 answers
332 views

Is the extraction of surplus value sufficient for the necessity of revolution?

Is the extraction of surplus value sufficient for the necessity of revolution? As I understand it, the extraction of surplus value is: the essential component of the "immiseration" of the ...
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0 answers
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Understanding Inflation at philosophical level?

I came across this sentence at random "The Manhattan Project began modestly in 1939, but grew to employ more than 130,000 people and cost nearly US$2 billion (equivalent to about $23 billion in ...
Manish Kumar Singh's user avatar
2 votes
5 answers
530 views

Isn't socialism a form of democracy?

When looking at the opposites of socialism, it was pointed out that democracy is an opposite. If socialism is a system advocating that the means of production and distribution be owned or regulated by ...
Chris Rogers's user avatar
-2 votes
1 answer
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Is socialism only one half of a dichotomy? [closed]

If it is only one half of a dichotomy, you could say the other half is capitalism. But is there a midway between the two? Or are there part socialist, part capitalist philosophies?
Chris Rogers's user avatar
6 votes
8 answers
2k views

What determines the value of money?

The value of money can be defined as the cost to produce it. It costs, say, 1, to produce 10 000 000 coins or notes, while digital money costs virtually nothing. Of course, it can also be that it ...
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-1 votes
3 answers
153 views

Is society deliberately limiting opportunities for a segment of the population to provide workers? [closed]

Whether deliberate or not, given that society needs people to do unpleasant jobs, there must be a way to induce people to take such jobs. People who do such jobs do not make enough money to educate ...
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1 answer
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Was John Locke an intellectual father of "economic growth" as a social goal?

I am researching on the origin of the "economic growth imperative". In this book it says: A central theme of Locke's political teachings is growth; a theme which will not only be central to ...
luchonacho's user avatar
1 vote
1 answer
57 views

What is production [closed]

In ecological economics production means "process of transformation energy/matter into another energy/matter". So What is production in philosophy ?
Dika's user avatar
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5 answers
197 views

Is Economy people's lives?

If we see Economy as a system of making and trading things of value (goods/services), can we correctly affirm that it is human life? I can see that, making/trading those values depend on human life, ...
Gonçalo Peres's user avatar
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1 answer
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Epistemology, Scientific Method and Formal Theory, Economics

Why is Economics considered not to apply the scientific method in its pure form, nor develop scientific theories and how so? Trade and Government policies(For political economics/positive political ...
George Ntoulos's user avatar
5 votes
5 answers
4k views

Philosophers on alternatives to capitalism and communism

Philosopher Karl Marx envisioned an economic system called communism to fight the abuses suffered by working class people during the industrial era. The exploitation of man by man and the excessive ...
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3 votes
2 answers
114 views

Might Marx's argument in Das Kapital be less about justice and exploitation than it is about disenfranchisment?

Might Marx's argument in Das Kapital be less about justice and exploitation than it is about disenfranchisment? I specifically mean his analysis of work, the falling rate of profit, and movement of '...
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2 votes
0 answers
67 views

What is the strongest link made in the philosophical literature between privacy and civil liberties?

What is the strongest link made in the philosophical literature between privacy and civil liberties? In particular, an analysis which eschews 'democracy', or separates out democracy from 'civil ...
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3 votes
4 answers
267 views

Can the affirmation "All taxes are theft" be considered an a priori truth?

Hans Hermann Hoppe is a popular Economist from the Austrian School whose central ideas seem fundamentally right. However, I see him as having very poor argumentation skills and more than once I read ...
Ezequiel Barbosa's user avatar
2 votes
4 answers
586 views

Marxism - primary contradiction of capitalism

After writing a long post, i decided to keep only the summary : I understand that in the marxist framework a mode of production is constituted by : the relations of production the productive forces ...
joseph M'Bimbi-Bene's user avatar
2 votes
1 answer
71 views

A universal game [closed]

In this question by "metagame" I mean a game which functions to create the rules of a sub-game. Is there a universal metagame that would allow to create any game (including itself). Such game would ...
Bob's user avatar
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1 answer
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Which philosopher first claimed that social impatience is ethically indefensible

Partha Dasgupta's book Economics: A Very Short Introduction (Oxford University Press, 2007) contains a chapter on sustainable economic development. Dasgupta here writes that, Philosophers have ...
Tsundoku's user avatar
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3 votes
1 answer
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Did 20th-century Marxists acknowledge that the "social science" predictions of Marxism were wrong?

In this video, starting at 5:36, Stephen Hicks claims that there are three central "social science" Marxist predictions, which I would sum up as follows: Over time, in any capitalist society, The ...
user159517's user avatar
3 votes
1 answer
3k views

Who Are the Most Prominent Modern Socialist Thinkers?

Who Are The Ten Most Prominent Modern Socialist Thinkers? (Big Tent: Social Democrats, Socialists, Communists, etc. are all acceptable).
Nathan William Fryzek's user avatar
3 votes
1 answer
75 views

Source for history of thoughts with their historical and economical context

I recently took an introductory history course and there we visited a lot of modern philosophers and thinkers and briefly studied their influence on the society and the influence of their life ...
Mathist's user avatar
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2 votes
3 answers
600 views

Laissez-faire capitalism does not work ... so why do some "philosophers" ascribe to it [closed]

On topics such as ethics and how a society should be structured, many "philosophers" (Objectivists, etc) propose a laissez-faire system with little to no government intervention and a largely free-...
Reoaoo's user avatar
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1 vote
1 answer
71 views

It is posible a Resourced Based Economy? [closed]

When I refer to a resource-based economy, I refer to the proposal of the groups of The Zeitgeist Movement and The Venus Project https://www.thevenusproject.com/resource-based-economy/
Darwin's user avatar
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6 answers
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Would an universal basic income eliminate exploitation (a la Marx) in capitalism?

Marx's argument in the theory of exploitation is that capitalists do not need to sell their labour power in the market in order to live, whereas workers need to do so. As such, workers are not really "...
luchonacho's user avatar
5 votes
3 answers
274 views

Ownership of the commons

A recent article from The Guardian explores the ambitions of the Luxembourg government in developing commercial space activity in the country. This move was partly enfranchised in the law. As the ...
luchonacho's user avatar
1 vote
0 answers
70 views

Time dynamics of probability (from a game theoretic point of view)

Many commenters on this question about a property of a random 2x2 matrix seem to assume that there is no such thing as a random 2x2 matrix. We are talking here about a matrix with integer or rational ...
Thomas Klimpel's user avatar
2 votes
2 answers
483 views

Authors who think Capitalism encourage psychopathic behaviour? [closed]

When morality and ethics is a problem to a great deal of people is it safe to assume that capitalism rewards those individuals with no empathy or remorse who are good at emulating to have them? e.g....
user avatar
0 votes
6 answers
2k views

What is Money, (not money)?

Money plays a major role in our experience and I find that very few people explore the idea of what it is. This question concerns Form. Money is any item or verifiable record that is generally ...
Ronnie Royston's user avatar
4 votes
2 answers
285 views

Ethical problems related to trading for profit

Let us for the sake of clarity define making of a profit as being the trade of that which is given being of lower value than that which is demanded and received. In general, and not withstanding ...
Avestron's user avatar
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3 votes
5 answers
779 views

How does Marx show that capitalism is a kind of slavery?

indirect slavery, the slavery of proletariat Letter from Marx to Pavel Vasilyevich Annenkov, All official and liberal science defends wage-slavery, whereas Marxism has declared relentless war on ...
user avatar
6 votes
7 answers
3k views

Does capitalism have an end goal?

Occasionally I find that things such as "incentives" in a capitalist economy are as if they would be directed to a certain outcome or certain outcomes. E.g. that profit incentives matter only in so ...
mavavilj's user avatar
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12 votes
10 answers
6k views

Is it unfair for the rich to pay more total taxes ( not by percentage ) than the poor? [closed]

Is there a compelling ethical argument why the rich ought to pay more in income taxes than the poor? For the purposes of this discussion let's assume "the rich" legally earned their wealth through ...
RobertF's user avatar
  • 265
2 votes
4 answers
130 views

What should the value of a private sector company tell us?

This question bridges both philosophy and economics. Please see original question on the economics website, it includes extra comments and discussion. Looking for critique and reading suggestions: ...
DVCITIS's user avatar
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1 vote
2 answers
284 views

Are there philosophical arguments for moral risk avoidance?

It is observed that often, people tend to dislike risk (economists say that people tend to be "risk-averse"). For example, consider two Gambles X and Y. Gamble X involves a prize of $1 with ...
user avatar
5 votes
1 answer
276 views

Libertarian "thought experiment" about planned economy

I once stumbled upon a text from a libertarian (I believe it was a philosopher) setting out a thought experiment to show that even a planned economy run by "omniscient bureaucrats" would produce ...
Ystar's user avatar
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3 votes
1 answer
1k 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 ...
Bhaskar Vashishth's user avatar
1 vote
3 answers
268 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 ...
Philhis's user avatar
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0 votes
3 answers
184 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 out ...
user avatar
6 votes
5 answers
3k 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 ...
LaserJesus's user avatar
5 votes
4 answers
248 views

How to approach the study of PPE for the non-academic layman?

I'm a non-academic type (I left school at 16) who is also dyslexic with attention deficit problems. I've recently become interested in the study of philosophy, politics and economics (To answer ...
jdoig's user avatar
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4 votes
5 answers
2k views

Why is taxation opposed by libertarians?

I have recently learnt that taxation is opposed by libertarians and that they the cite the principle of self - possession to justify this, an interesting argument along these lines equated taxation to ...
user3660112's user avatar