Comparing Economic Theories of Value

Comparing Economic Theories of Value

By analyzing centuries of debate by the most influential economists of human history, this article explores the central philosophical dilemma of economics: from where does exchange value derive? Contents cover the intrinsic, labor, power, exchange, monetary, and subjective theories of value. 

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Max Weber and the Religion of Industrial Capitalism

Max Weber and the Religion of Industrial Capitalism

This article briefly explores Max Weber’s famous work ‘The Protestant Work Ethic and the Spirit of Capitalism’ (1905), which describes the immense influence of rationalized religious beliefs (specifically those which arose from the Protestant Reformation) in creating the social conditions necessary for modern capitalism to develop.

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