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:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
| 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.