Commentary This piece was likely written in the early to mid 1930s, and the draft version was archived in the Joseph A. Labadie Collection of the University of Michigan Library. As per my update I have not noted small spelling and grammar fixes, but instead used brackets where possible to indicate corrections. Additionally I have…

At Foundation for Economic Education, Patrick Carroll (“Responding to Reich, Part 10: How to Have Infinite Growth on a Finite Planet,” Feb. 18)  Patrick Carroll attempts to explain why critics of capitalism are wrong to say that infinite growth is impossible on a finite planet. As for the idea of infinite growth on a finite…

David Harvey. A Companion to Marx’s Grundrisse (London and New York: Verso, 2023). David Harvey may be familiar to some from his background as a Marxist geographer focusing on neoliberalism and uneven development, or for his development of Henri Lefebvre’s “Right to the City” concept. The Grundrisse itself amounts, more or less, to a voluminous…

Okumak üzere olduğunuz makale, Sheldon Richman tarafından kaleme alınmış ve Efsa tarafından Türkçe ’ye çevrilmiştir. 3 Ekim 2014 tarihinde “Value, Cost, Marginal Utility, and Böhm-Bawerk” başlığı altında yayınlanmıştır. Fiyatı ne belirler? Üretim maliyeti mi fiyatı belirler yoksa fiyat mı üretim maliyetini belirler? İktisadi ortamda, klasik iktisatçılar (Smith, Ricardo ve diğerleri) ilk yaklaşımı, Avusturyacılar ise ikinci yaklaşımı…

Di ZH. Originale: #redefinework, 29 luglio 2021. Traduzione di Enrico Sanna. Sono il fondatore e direttore esecutivo della Automotive Free Clinic (AFC). La AFC è una libera autocarrozzeria a basso costo di Prattville, Alabama, una cittadina appena fuori Montgomery, progettata secondo i principi del mutuo aiuto e della teoria del valore lavoro di Marx. Nasciamo…

I am the founding Executive Director of The Automotive Free Clinic. The AFC is a free and low cost automotive repair shop in Prattville, Alabama, a small town outside of Montgomery, that was designed on the principles of mutual aid and Marx’s labor theory of value. We were founded in March of 2020 as a…

What governs price? Does cost of production determine price or does price determine cost of production? In the world of economic caricatures, the classical economists (Smith, Ricardo, et al.) took the former position, the Austrians the latter. Specifically, the Austrian view supposedly is that that demand driven by marginal utility determines the price of consumer…