Marx did not believe in the existence of any such organism as “the economy.” What he postulated, and what made him different from any previous theorist of materialism whether historical or dialectical, was a sharp distinction between the forces and the relations of production. Full Story »
Posted by Derek Hawkins
I love reading things that I did not know. Not being an economist, keeping up with people who write about economics is not easy. But one thing I do know. No system in the world will work if it is run by dishonest people! None of this could have happened if it wasn't for greed and dishonesty.
MY father was one of the most honest people that I have ever known. He taught my brothers, sisters and myself, that you give an honest days work for an honest days pay. If he found a quarter on the sidewalk, and couldn't find who owned it, he gave to charity.
Price is what is necessary for people to buy. Value is what people are willing to pay at any price, including debt and labor.
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