Tag Archives: Part 1

This is Part 1 of 2 of an article by Andy Kiersz of Business Insider. Rather than smash it altogether, I thought splitting it into two likely parts would improve the presentation on Angry Bear. Gen Z, Millennials Should Stop Complaining About Baby Boomers, Economy, business insider, Andy Kiersz Nostalgia might be one of the most powerful and enduring human emotions. Civilizations have always looked to a golden age in the past when times were...

George Selgin replies to my post here in the following critique:George Selgin, “‘Lord Keynes’ contra White on the Beginnings of Coinage,” Alt-M Ideas for an Alternative Monetary Future, August 30, 2017.You can follow the complete debate in these posts as follows: Larry White, “Why the ‘State Theory of Money’ doesn’t explain the Coinage of Precious Metals,” Alt-M Ideas for an Alternative Monetary Future, August 24, 2017.“Larry White on the Origins of Coined Money: A Critique,” August 26,...

The Socialist Party of America existed between the 29th July 1901 and the 31st December 1972. Before the party was repressed for its opposition to World War I and suffered splits over the question of Communist Russia, it was probably the most successful and largest radical party of the socialist Left in America, at least down to the 1920s.The Socialist Party of America was made up of Marxists, anarchists, some members of the Industrial Workers of the World (IWW) union, democratic socialists...

Updated: This post is a work in progress at the momentChapter 1 of volume 1 of Capital is called “The Commodity,” and presents Marx’s theory of the commodity and labour value.Chapter 1 is divided into four sections: (1) The Two Factors of the Commodity: Use Value and Value(2) Dual Character of the Labour embodied in Commodities(3) The Value-Form, or Exchange-Value(4) The Fetishism of the Commodity and its Secret. Interpreters of Marx admit that the first few chapters of Capital are made...