by Summary:
Revolutionary Economics: Integrating Use and Exchange Value
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Revolutionary Economics: Integrating Use and Exchange Value
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
| Revolutionary Economics: Integrating Use and Exchange Value |
It's funny how important stuff often doesn't make it into books in a properly organized fashion. I have hundreds of such notes which would probably never be published. Organizing information is a constant source of frustration
Heck, I would even argue that organizing information is THE core problem of society.
Is "use value" what the neoclassicals call "utility"?
Roughly speaking, but even there their concepts are different. Utility for neoclassicals is always subjective and qualitative–which is where their aggregation problems come from. For the Classical school, utility was largely a functional thing–the use-value of a chair is the fact that you can sit in it, not how comfortable it makes you feel–and plays no role in setting price.