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The Insanity of Marxism

I'm currently listening to David Harvey's graduate course on Das Kapital. The whole conceptual framework of the book makes no sense. Marx admits multiple "exceptions" to the labor theory of value, yet still keeps it. He even cites a...

Posted to Kaleidic Society by ziragt on Fri, Jun 19 2009
Mengerian Marginalism

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 3 . Previously in this series: Further Mengerian Insights on Value The most important opening shot of the Marginal Revolution was...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Further Mengerian Insights on Value

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 3 . Previously in this series: Menger and Value-Free Universals Utility is not Use Value All goods have utility, because, by definition...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Menger and Value-Free Universals

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 3 . Previously in this series: Value Theory Before Menger To understand Menger's insight into value (and the Classical School's...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Aristotle, Carl Menger, Economics
Value Theory Before Menger

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 3 . Previously in this series: Menger on Wealth and Prosperity What is it that gives a good its value? Throughout the history of...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Menger on Wealth and Prosperity

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger and the Teleological Nature of Economics The following are Menger's main points in his...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Menger and the Teleological Nature of Economics

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Economic Character of Higher Order Goods and the Deductive Method of Menger Thus far, Menger has...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Economic Character of Higher Order Goods and the Deductive Method of Menger

This post is part of a series exploring Principles of Economic s by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Natural Communism the existence of requirements for goods of higher order is dependent...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Menger on Natural Communism

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Economic vs. Non-Economic Goods As discussed before, economic goods (goods for which requirements...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Hesiod, Carl Menger, Economics
Menger on Economic vs. Non-Economic Goods

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Property If a good is scarce (that is, if requirements for it exceed its available quantities...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Hesiod, Carl Menger, Economics, Gilgamesh
Menger on Property

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Economizing We do not live in paradise. There is always scarcity: requirements in society...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Menger on Economizing

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Available Quantities When a good is scarce (when the requirements for it exceed its available...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Menger on Available Quantities

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Foreseeing Requirements Successful human action depends on especially two kinds of knowledge...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Carl Menger, Economics
Adam Smith and Hesiod

One does not need be a philosopher to have a working theory of morality. Nor need one be an economist to have a working theory of value. One can find implicit theories in the writings of any thoughtful person; and the ancient Greek poet Hesiod was a very...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Hesiod, Economics, Adam Smith, Murray Rothbard
Menger on Foreseeing Requirements

This post is part of a series exploring Principles of Economics by Carl Menger. The following explores content from chapter 2 . Previously in this series: Menger on Effective and Latent Requirements According to Menger, the first prerequisite of effective...

Posted to Lilburne @ Mises by Daniel James Sanchez on Fri, Jun 19 2009

Filed under: Hesiod, Carl Menger, Economics

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