The lesson is that mineral wealth on its own is nothing without complementarities such as quality labour and institutions. So ...

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.

Investors interested in Banks - Foreign stocks are likely familiar with Lloyds (LYG) and ICICI Bank Limited (IBN). But which of these two stocks is more attractive to value investors? We'll need ...

Mainstream economists have been obsessed with finding “optimal” tax rates, and Nicholas Kaldor‘s 1940 formalization of the ...

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

“We value the role of labour and trade union leaders in constructive dialogue with our listening administration in managing disputes in best interest of workers and our nation. “With the ...

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 ...