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Revolutionizing Economic Theory: From Labor Value to Marx

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Revolutionizing Economic Theory: From Labor Value to Marx

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Revolutionizing Economic Theory: From Labor Value to Marx
Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

4 comments

  1. What do you think about this? Responding to the best comments.

  2. Is effort not subjective?

  3. Is the human being not the source of value for all things and therefore labor not the source of all economic wealth?

  4. Does utility theory explain why standardized industrial inputs were were not appreciated by Marx? The idea being making a product that can be adapted, post factory, would be of more utility to the consumer, and therefore undermine the direct influence/relationship Marx may have wanted with his consumers?

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