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Questions tagged [economics]

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3
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3answers
253 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 exploration of man by man and the excessive ...
4
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3answers
1k 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 ...
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0answers
45 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 '...
3
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0answers
55 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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4answers
174 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 ...
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2answers
188 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 ...
2
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1answer
58 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 ...
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1answer
37 views

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 ...
2
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1answer
175 views

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 ...
3
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1answer
337 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).
3
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1answer
62 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 ...
2
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2answers
352 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....
2
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4answers
530 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-...
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10answers
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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 ...
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5answers
1k 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 ...
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1answer
59 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/
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5answers
1k views

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 "...
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3answers
220 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 ...
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6answers
1k 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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0answers
58 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 ...
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6answers
1k 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 ...
3
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5answers
259 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 ...
4
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2answers
274 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 ...
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5answers
2k 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 ...
3
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3answers
400 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 ...
2
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4answers
103 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: ...
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2answers
2k views

What are the Moral Sentiments of Capitalism according to Adam Smith?

Despite his legacy as the father of capitalism and authority on jurisprudence especially toward the end of his career, Adam Smith is usually known in ethics and philosophy classes by his classic The ...
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4answers
208 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 ...
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2answers
155 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 ...
5
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1answer
226 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 ...
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1answer
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 ...
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3answers
155 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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3answers
218 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
135 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 ...
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4answers
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 ...
5
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1answer
111 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 ...