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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Would Enlightenment Philosophers Endorse Modern Capitalism?

Would Enlightenment Philosophers Endorse Modern Capitalism?

Considering the past three centuries of economic development, how would Enlightenment philosophers critique modern capitalism? Has the West’s economic structure developed as they hoped? Would they approve of modern state-capitalism? These questions are crucial to uncovering the current applicability of Enlightenment ideals. 

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The 20th Century: Testing Grounds for Government Ideology

The 20th Century: Testing Grounds for Government Ideology

“From the development of the welfare state in America to the fascist uprisings of Europe and the communist revolutions throughout the East; nearly every inch of the globe witnessed an ideological revolution, each advancing the government’s role in a nation’s society and economy – for better or worse.”

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