Nordhaus offers a modern version of the labor theory of value, which in various versions dates at least to Adam Smith’s “The Wealth of Nations” (1776), often taken to be the beginning of ...

Messrs. Pooley and Gilder remind us that the book’s themes remain fresh.

Alva Noë, chair of UC Berkeley’s philosophy department, delivered this year’s Presidential Lecture in the Arts and Humanities ...

In this way, the concept insulates the Labor Theory of Value from falsification. Unlike exchange value, which Marx treated as objective and quantifiable, use value was subjective—dependent on ...

She claimed that hitting a pothole on Avenue Road in Shelton when she was a passenger in a car made her go into labour with her ... life and also give better value for the taxpayer because they ...

Wanna know something really wild? Tesla sold only 6k Cybertrucks in Q1 and lost the lead for selling the most truck BEVs to Ford. That 6k is less than what they sold during Q4 2024, which was less ...

Its metaphysics are wrong. Its economic theory is wrong. Marx’s Labor Theory of Value is smoldering garbage. Gramsci’s analysis of fascism was wrong (don’t get me started). And, not least ...

STEM jobs are abundant, fuelled by financial incentives and strong government backing. But beneath the optimism lies a ...

The Ricardian school of thought, a foundational school within classical economics, is primarily known for its emphasis on comparative advantage and the labour theory of value. This school, heavily ...