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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Was Karl Marx Correct About the Future of Capitalism?

Was Karl Marx Correct About the Future of Capitalism?

Over 200 years after his birth, this article reflects on the challenges that Marx predicted would curse the future of capitalism – and why such predictions have or haven’t come true. In the process, we shall hopefully begin to understand not only the intricate mind of Karl Marx but the strengths and weaknesses of capitalism itself.

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