Econ pages

One of the central aims of anarchism is economic justice. Ideas are plenty, some uniting and some splitting schools, but the central theme is anti-capitalism.

also see: the no market approach

Property and The Case for Economic Democracy

Property and Contract in Economics: The Case for Economic Democracy. This book presents a modern version of the old Labor (or Natural Rights) Theory of Property and of an Inalienable Rights Theory that descends from the Reformation and Enlightenment. Together...

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Austrian Anarchism

recovering austrians Top Ten Lies and Mistakes of Austrian Economics Why I Am Not an Austrian Economist || Why I Am Not An Austrian Economist response || other responses Austrian and Marxist Theories of Monopoly Capital: A Mutualist Synthesis Expanded Libertarian Alliance version (pdf...

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Labor and Subjective Value

Shawn Wilbur source Debates about anarchist economics would probably be frustrating and difficult under the best of circumstances, but the truth is that we steer well clear of even relatively good circumstances much of the time, returning again and again...

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Marxism as a Capitalist Tool

source Cette page sera traduite. Patience ! David Ellerman Abstract Just as the two sides in the Cold War agreed that Western Capitalism and Soviet Communism were “the” two alternatives, so the two sides in the intellectual Great Debate agreed...

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Refuting “anarcho”-capitalism by means of “anarcho”-capitalism

One of the strangest things most anarchists become aware of when they go on-line is the existence of self-proclaimed capitalist "anarchists." Mostly based in North America, this ideology claims to be anarchist while, at the same time, vigorously supporting laissez-faire...

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The Labor Theory of Value FAQ

source 1.0 Introduction: What is the Labor Theory of Value (LTV)? 2.0 What Characteristic Features of Capitalism Provide the Setting for LTV? 2.1 What is a commodity? 2.2 What are "use values?" 2.3 What is "exchange value?" 2.4 What is...

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The Myths of “Libertarian” economics

source What determines price within capitalism? Both "libertarian" and "anarcho" capitalists support the subjectivist theory of value (STV), as explained by the Austrian School of economics. Economists from this school included Ludwig Von Mises, Frederick Hayek and Murray Rothbard. In...

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Rothbard versus the Marshallian Synthesis

Kevin Carson source, main Murray Rothbard rejected, in the strongest terms, this Marshallian attempt at a synthesis of marginalist innovations with the legacy of Ricardo. And with it, he rejected Marshall's attempted synthesis of labor and waiting as elements of...

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The new articulation of wages, rent and profit in cognitive capitalism

Carlo Vercellone source   Introduction The current transformation of capitalism is characterised by a full-fledged comeback and proliferation of forms of rent paralleled by a complete change in the relationship between wages, rent and profit. Theoretically and politically this evolution...

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Labour Defended against the Claims of Capital

Thomas Hodgskin 1825 source Note IN all the debates on the law passed during the late session of Parliament, on account of the combinations of workmen, much stress is laid on the necessity of protecting capital. What capital performs is...

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The Headroom Between Mutualism and Anarcho-capitalism

[cross-posted at Brainpolice at The Mises Community] I find it inaccurate to use either the terms "anarcho-capitalism" or "mutualism" to describe my own viewpoint. Being a pluralist as well as a person with a fairly complex and subtle heirarchy of preferances...

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What Is Mutualism?

brainpolice source To be honest, while mutualism is a term that I've come to adopt for myself, it isn't entirely clear to me what mutualism is. What I mean by this is that it seems hard to identify an essential...

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Capitalism versus Capitalism

Sheldon Richman source While reading the symposium on Kevin Carson's book, Studies in Mutualist Political Economy, in the latest Journal of Libertarian Studies, I was struck by how upset people can get when someone uses a term differently from how they use...

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A note on Bastiat and “double inequality”

Shawn Wilbur  source Sheldon Richman recently posted an interesting piece on "The Importance of Subjectivism in Economics: The double inequality of value," over at The Freeman. In it, while praising Bastiat, he wants to supplement Bastiat's account of the benefits of...

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The Economics of Anarchy

Lum's work starts below after Voltarine's comments The Economics of Dyer D. Lum By Voltarine de Cleyre December 7, 1893 If Dyer D. Lum were living I doubt whether the articles of Mr. Black, recently copied by the TWENTIETH CENTURY from the...

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Is it Markets and Big Business or is it Markets versus Big Business?

Virgil Henry Storr (May 2003) source Some thoughts on globalization and the free market. Anti-globalization has evolved into a veritable religion, a religion that’s quite catholic in its aspirations. Parishioners of the church of anti-NAFTA, the church of anti-WTO, are...

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Sprachkritik: “Privatization”

Charles Johnson source Left libertarians, like all libertarians, believe that all State control of industry and all State ownership of natural resources should be abolished. In that sense, libertarian Leftists advocate complete and absolute privatization of, well, everything. Governments, or...

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Work and Wealth

J. K Ingalls source   The Radical Review, February 1878, 650-660. I HAVE chosen the above terms in preference to Labor and Capital, because they convey more exact ideas. The word labor carries with it the impression of compulsory, or servile, toil....

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Top Ten Lies and Mistakes of Austrian Economics

Anthony Migchels source also see this page In the face of Austrian Economics’ ongoing onslaught through Ron Paul, the Mises Institute and Gold Dealers parading as the ‘Alternative Media’, we present the next installment in our series of articles exposing...

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The Inflation vs. Deflation Dialectic

Anthony Migchels source After decades of inflation and fears of Ben ‘Helicopter’ Bernanke induced hyperinflation it is probably not surprising that a wearying public is starting to wonder whether deflation would be the lesser evil. But not only is deflation...

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Inflation and Unemployment

HANS SENNHOLZ source   There are many great truths which we do not question every day; we accept them as a measure of knowledge, translate them into action, and pay homage to them by using them. For centuries economists accepted...

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Small Enough to Fail

Charles Johnson source Fed Chairman Ben Bernanke announced Sunday night Wall Street’s largest investment banks could borrow directly from the Fed just as commercial banks do now — and use questionable collateral, such as mortgage-backed securities, to boot. Many critics...

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Income inequality leads to slower economic growth

Reuters Income inequality can lead to slower or less sustainable economic growth, while redistribution of income, when measured, does not hurt and can even help an economy, IMF staff found in a research study (PDF) released on Wednesday.   Although...

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Gens: A Feminist Manifesto for the Study of Capitalism

source by Laura Bear, Karen Ho, Anna Tsing and Sylvia Yanagisako This article is part of the series Generating Capitalism 1. What is Gens? Our title signals a major redefinition of the multilayered historical meanings of the term gens. Gens began...

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Capitalism vs. The Market – A Braudelian Definition

source “Need I comment that these capitalists, both in Islam and in Christendom, were friends of the prince and helpers or exploiters of the state? […]” “Thus, the modern state, which did not create capitalism but only inherited it, sometimes...

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Wall Street Couldn’t Have Done It Alone

source by Sheldon Richman The spreading Occupy Wall Street movement, despite a vague worldview and agenda, properly senses that something is dreadfully wrong in America. The protesters vent their anger at the big financial institutions in New York’s money district...

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