Valuing Capital
Last week I argued why an objective theory of value, such as the labor theory of value used in classical political economy, is useful for […]
Month: March 2016
Understanding Value
What determines the value of anything? This is one of the central questions of both economics and political economy, but economics has obscured its implicit […]
Boom Bust Boom
This is my 50th blog article in this weekly series. Here I focus on a new film I saw Tuesday in Manhattan called Boom Bust […]
The China Dilemma
We are now in the “third leg” of a world economic crisis that started in 2007. As I said in a recent post, whereas the first […]