European Tribune - Comments - Economic hypothesis

Economic hypothesis | 30 comments (30 topical, editorial, 0 hidden)

As for the stagnant working class, I think this is a sign that in a fully developed economy the average person is "worth" only so much as an economic engine and thus there is little prospect for real increase in standard of living.

This was argued by Smith, Malthus, Ricardo and Mill. They argued that the netural tendency of real wages was to converge to just abowe a minimally acceptable standard of living.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Sun Nov 27th, 2005 at 01:33:25 PM EST

Re: Economic hypothesis (none / 0)

You mean they were marxists before Marx?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Nov 27th, 2005 at 05:26:05 PM EST
[ Parent ]

Re: Economic hypothesis (none / 0)

No. Smith and Ricardo were mostly descriptive, not normative. I don't know about Malthus, but Mill (whose overriding concern was ethics) was strongly in favour of population control as the only way to ensure a continued increase in the standard of living of the masses.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Sun Nov 27th, 2005 at 08:18:19 PM EST
[ Parent ]

Not even Marx... (4.00 / 2)

...was a marxist:

"Je ne suis pas un Marxiste." K.M.

by jandsm on Mon Nov 28th, 2005 at 05:11:41 AM EST
[ Parent ]

Re: Not even Marx... (4.00 / 2)

Neither was Christ a Christian.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Mon Nov 28th, 2005 at 05:13:15 AM EST
[ Parent ]

Yet Marx was a Christian,... (4.00 / 2)

...and Jesus Christ a marxist.

by jandsm on Mon Nov 28th, 2005 at 06:05:22 AM EST
[ Parent ]

Re: Yet Marx was a Christian,... (none / 1)

Now you're being anachronistic.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Mon Nov 28th, 2005 at 06:06:14 AM EST
[ Parent ]

Economic hypothesis | 30 comments (30 topical, 0 editorial, 0 hidden)

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