Economic and Philosophic Manuscripts of 1844 http://www.marxists.org/archive/marx/works/1844/manuscripts/power.htm “By possessing the property of buying everything, by possessing the property of appropriating all objects, money is thus the object of eminent possession. The universality of its property is the omnipotence of its being. It is therefore regarded as an omnipotent being. Money is the procurer between man’s […]
Entries Tagged as 'economics'
The Laws of Motion of the Capitalist Mode of Production
May 24th, 2010 · No Comments · economics
If Marx’s theory of surplus-value is his most revolutionary contribution to economic science, his discovery of the basic long-term ‘laws of motion’ (development trends) of the capitalist mode of production constitutes undoubtedly his most impressive scientific achievement. No other 19th-century author has been able to foresee in such a coherent way how capitalism would function, […]
Tags:
The Social Responsibility of Business is to Increase its Profits
March 30th, 2010 · No Comments · economics
The Social Responsibility of Business is to Increase its Profits (full article) by Milton Friedman. Also at http://www.umich.edu/~thecore/doc/Friedman.pdf [But contrast the historical origin of keizai or “economy” in Japanese – Keizai comes from keisei zaimin, or “administering society and deliverance of people” in 18th century Osaka. Also Sen shows Friedman’s view is not that of […]
Tags:
Reading Amartya Sen (1)
March 27th, 2010 · No Comments · economics, Sen
Sen seems to be popping up everywhere these days. He was mentioned by a couple of speakers at the recent Roundhouse Critical Theory conference and his latest book The Idea of Justice will be the discussion topic at the BSA Theory study group at the forthcoming BSA conference in April. So I had a quick […]
Tags: