The Labor Theory of Value: A Critique of Carson’s Studies in Mutualist Political Economy By Robert P. Murphy [1] Kevin Carson’s Studies in Mutualist Political Economy (2004) is an impressive work. It first attempts to rehabilitate the classical labor theory of value (by giving it a subjectivist spin), and then traces the history of capitalism to…

First, I [1] must begin by affirming my conviction that Lysander Spooner and Benjamin R. Tucker were unsurpassed as political philosophers and that nothing is more needed today than a revival and development of the largely forgotten legacy that they left to political philosophy. By the mid-nineteenth century, the libertarian individualist doctrine had reached the point…

Alfred Marshall, the founder of the so-called neoclassical school, was also the first prominent economist to attempt a reconciliation of Ricardo with the marginalists. Following the Senior-Longfield school, as interpreted by Mill, Marshall treated the “abstinence” of capital (or “waiting”) as another form of disutility alongside labor. He thus fused them into a unified subjective…

For the next few weeks, C4SS will be publishing and hosting copies of Volume 20, Number 1, of the Journal of Libertarian Studies. This particular volume contains the Symposium on Kevin Carson’s Studies in Mutualist Political Economy. The articles on and selections from Carson’s book you can look forward to: “Editorial to Symposium on Mutualist…

Many of the nineteenth-century individualist anarchists, and in particular those thinkers associated with Benjamin Tucker’s journal Liberty, sought to combine a political theory based on individual sovereignty and self-ownership with an economic theory based on the labor theory of value. Like Marxists, they tended to condemn the wage system as oppressive, and interpreted profit, rent,…

Little more than a year after the death of Eric Garner at the hands of the NYPD, another man with a family and a case of asthma has been killed by a reckless police force. Troy Goode was visiting Mississippi for a concert. As many concert goers do, Goode got drunk. Goode’s wife, who was…

Donald Trump’s anti-immigrant nationalism has positioned him far to the right of his fellow 2016 GOP hopefuls and has given him a serious boost in the polls. Such support for a man who made, and repeatedly defended, the patently racist claim that undocumented Mexican immigrants are “rapists” should serve as a clear indicator of the depth…

C4SS Feed 44 presents Kevin Carson‘s “Debt: Can’t Live With It, Can’t Live Without It” read by Mike Godzina and edited by Nick Ford. The problem is that the tendency of state capitalism is to increasing levels of stagnation, with larger and larger deficits required to prevent depression. Even in the upswing phase of the business cycle,…

C4SS Feed 44 presents James C. Wilson‘s “The Homer Simpson Economy” read by Tony Dreher and edited by Nick Ford. While the Simpsons is better known for its liberal or progressive politics, “Homer’s Enemy” gives left-libertarians, individualist anarchists and anti-work activists much more to bite into. Indeed the Homer Simpson economy bares some resemblance to what…

The Export-Import Bank’s charter finally expired on June 30th. Ever since it was created during the New Deal, the Ex-Im Bank has supported exports by American corporations, all at taxpayer expense. The top recipients of Ex-Im Bank subsidies were big corporations, with the war-profiteers at Boeing receiving more Ex-Im largess than any other company. The…

Two fatal victims. That is Recife’s (capital of the state of Pernambuco, Brazil) public transportation system body count in 2015. On July 16, college student Harlynton dos Santos, 20, died after trying to climb a bus at 11:30 PM, being tossed out as the vehicle started moving. Camila Mirele was the first victim this year,…

C4SS Feed 44 presents Chad Nelson‘s “State Sterilization: Alive and Well in America” read by Emberlea McCulligh and edited by Nick Ford. Though past generations often justified state-coerced sterilization on such grounds as “purifying the gene pool,” today’s sterilization supporters would no doubt cite “public safety” as their rationale. Parents who consistently put their children in danger…

C4SS Feed 44 presents Kevin Carson‘s “I Don’t See Class” read by Tony Dreher and edited by Nick Ford. “See, welfare — like racism and sexism — is welfare, regardless of who receives it. Welfare for giant corporations is morally equivalent to welfare for poor people. Structural issues of class and economic privilege have absolutely nothing to…

Una caratteristica ricorrente del ciclo economico è il fatto che durante una dura recessione lo stato accumula grossi deficit annuali come conseguenza del calo dei proventi dalle tasse, dell’aumento della spesa per sussidi di disoccupazione e aiuti ai poveri, e degli stimoli vari. Questo manda il debito pubblico alle stelle. Nel caso della “Grande Recessione”…

C4SS Feed 44 presents Ryan Calhoun‘s “A Riot Broke Out and No One was Surprised” read by Thomas J. Webb and edited by Nick Ford. “Many liberal reformists object to rioting as a legitimate tactic of effecting positive change. They cite, as all anti-revolutionaries do, crackdowns on prison life and the possible negative response of outsiders. However,…

If you have even a shred of humanity, the answer is yes. Prisoners Richard Matt and David Sweat have dominated headlines for nearly two weeks after escaping from Dannemora, a maximum security prison in Upstate, New York. One prison employee, Joyce Mitchell, has been accused of providing them assistance in their escape. She too now,…

King John of England, who 800 years ago this week was forced at Runnymede to affix his Great Seal to Magna Carta — which at least in theory subordinated his power to law — might have envied President Obama. Sure, Obama also pays lip service to idea that the executive is subject to law. But…

A recurring feature of the business cycle is that in deep recession years governments run huge annual deficits as a result of declining tax revenue, increased spending on unemployment and poverty relief and assorted stimulus. This causes government debt levels to skyrocket. In the case of the American “Great Recession,” this manifested itself as a…

In Free Market Fairness [1] John Tomasi lays out a way in which the gap between broadly libertarian (or classical liberal) and high liberal (or liberal egalitarian) political philosophies can be bridged. Since F. A. Hayek’s methodologically individualist rejection of the concept of social justice, and Robert Nozick’s liberty-based rejection of egalitarian distributive justice, there…

As of June 9th, hundreds of protesters have marched to the McKinney, Texas swimming pool where a police officer was filmed forcing unarmed black teenagers to the ground. The incident happened when a teenage girl threw a pool party at a suburban community pool for some friends. Though most of the party-goers lived in the community,…