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Not TINA (There Is No Alternative) but TAPAS: THERE ARE PLENTY OF ALTERNATIVES
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What Gave Bitcoin Its Value? : The Freeman : Foundation for Economic Education

What Gave Bitcoin Its Value? : The Freeman : Foundation for Economic Education | real utopias | Scoop.it

Many people who have never used bitcoin look at it with confusion. Why does this magic Internet money have any value at all? It’s just some computer thing that someone made up.

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Value Theory: A Research into Subjectivity » Free Download eBooks

Value Theory: A Research into Subjectivity » Free Download eBooks | real utopias | Scoop.it
Humankinds progress has always been driven by two momentums: the pursuit of truth and the creation of value.
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The Relationship between Value and Profit

The Relationship between Value and Profit | real utopias | Scoop.it
The basic premise of my search for the Grand Unified Theory of Legal Value has been that Value is the gap between what you Invest and the Benefit you receive in a particular transaction. Otherwise ...
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Questions about socialism and value theory

Questions about socialism and value theory | real utopias | Scoop.it

A: In general, I shy away from questions about how a future socialist system will work but in the Russian revolution the original intent was to only expropriate the big capitalists. In the immediate period, however, a policy of War Communism led to the expropriation of all privately owned firms, large and small. This was a function more of the need to disempower a middle class that was hostile to the revolution rather than comply with any socialist blueprint—which of course Marx never intended to begin with.

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Lisa Gansky and the value capture in the Sharing Economy - OuiShare

Lisa Gansky and the value capture in the Sharing Economy - OuiShare | real utopias | Scoop.it
Lisa Gansky interwied on the value capture in the Collaborative Economy and on living a sharing economy life.
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Robert Kurz, David Graeber's "Bullshit Jobs" and the collapse of capitalism

Robert Kurz, David Graeber's "Bullshit Jobs" and the collapse of capitalism | real utopias | Scoop.it

In section 3 of the Apotheosis of Money, Robert Kurz takes on a problem that has been discussed by Marxists for almost 80 years. The discussion is important because, I believe, its conclusions will have more to say about what a post-capitalist society actually looks like than any of the issues typically raised by the Left:

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Adam Smith's Limited Labour Theory of Value - Adam Smith's Lost ...

"Labour, it must always be remembered, and not any particular commodity, or set of commodities, is the real measure of the value both of silver and of all other commodities." and "The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it and who wants to dispose of it, or exchange it for something else, is the toil and trouble which it can save to himself, and which it can impose upon other people." Adam Smith, Wealth of Nations [1
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P2P Foundation's blog » Blog Archive » The Vacation Credit Labor ...

“Now with the vacation-credit labor system, secular communal society has what Catholic monasticism has had with Benedict’s Rule, a means of organizing a communal, labor-sharing economy without the use of money, and in the case of egalitarian community, with a participatory as opposed to an authoritarian form of governance. Kat Kinkade’s labor system innovation may prove as important as Benedict’s Rule if Western civilization goes through another dark age as did Western Europe after the fall of the Western Roman Empire, this time perhaps due to climate change, resource depletion, economic depression, or a perfect storm of these and more disasters.”

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Subjective-Value Theory

Subjective-Value Theory | real utopias | Scoop.it

In a previous article I explained some of the major problems with a cost theory of value. In the current essay I will lay out the basics of the modern subjectivist approach to price theory and show how it is a clear improvement over the cost theory.

 
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What is Value? - In Defence of Marxism

What is Value? - In Defence of Marxism | real utopias | Scoop.it

What is value? This question has perplexed the human mind for more than 2,000 years. The classical bourgeois economists grappled with the question, as did Marx. After much deliberation, they correctly hit upon the idea that labor was the source of value. This, then, became a cornerstone of bourgeois political economy, beginning with Adam Smith. On this question, there was common ground between Marx and the classical bourgeois economists.

 
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Surplus Value (draft) | Kapitalism101

Surplus Value (draft) | Kapitalism101 | real utopias | Scoop.it

Marx begins Capital with an analysis of the commodity form. He immediately tells us why: because the commodity is the most elementary form of capitalist wealth. From an analysis of the commodity a whole host of categories arise, many of which have been discussed in previous chapters (abstract and concrete labor, general equivalent, money, intrinsic value, etc.) These categories all relate to specific social relations, relations between producers. However, what is missing from the opening moves in Marx’s analysis is an exploration of the twin categories that are the hallmark of his analysis of capitalism: wage-labor and capital. It is not until the second part of Capital that he introduces these central categories.


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Objective Ecological Value

Objective Ecological Value | real utopias | Scoop.it
This is a sketch of a partial value theory that I've been developing while completing my book Posthuman Life. If there are similar theories out there, I'd be grateful for links to bibdata so that I can properly acknowledge them!
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Value. Draft chapter for new book | Kapitalism101

Value. Draft chapter for new book | Kapitalism101 | real utopias | Scoop.it

In our previous chapter our analysis brought out some crucial characteristics of Marx’s value theory, characteristics that only exist when the theory is viewed from a temporal, non-equilibrium perspective.1 These are:

 
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Toward An Anthropological Theory of Value

Toward An Anthropological Theory of Value | real utopias | Scoop.it
This innovative book is the first comprehensive synthesis of economic, political, and cultural theories of value.
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Theory of value use cardinal - Mata Kristal

Cardinal approach often referred to subjective value theory. This approach was developed in 1880 by three economists who work on their own, William Stanley Jevons of Britain, Leon Walras of France, and Karl Menger from Australia.
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Labor Theory Of Value Definition | Investopedia

Labor Theory Of Value  Definition | Investopedia | real utopias | Scoop.it
An economic theory that stipulates that the value of a good or service is dependent upon the labor used in its production.
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The need for an intersubjective theory of value

The need for an intersubjective theory of value | real utopias | Scoop.it

The conventional way of thinking about fundamental value is rooted in subjectivity. I am willing to part with my purchasing power because this object delivers me “utility”, which is a function of my individual tastes and preferences. This then allows us to distinguish between the value with a commodity obtains from its use, and the value which comes from a belief that it can be sold on in merely in virtue of the fact that it is believed to have value in the future.

 
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3 Straw Man Arguments Surrounding Marxism | Critical-Theory.com

3 Straw Man Arguments Surrounding Marxism | Critical-Theory.com | real utopias | Scoop.it

The Labour Theory of Value (LTV) states that the “value” of a commodity is determined by the “socially necessary labour time” embodied in it (“socially necessary” to avoid the nonsensical idea that somebody who makes something slowly will contribute more value than somebody who makes the same thing, but faster). To the extent that ‘capital’ (machines, raw materials etc) contribute toward this value, it is only in the necessary labour time required to produce that capital. Hence, only labour can ‘add’ value, and therefore surplus is produced by workers, while capitalists are parasitic, receiving profit only because they pay their workers less than the workers produce.

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What's the value of a human life?

What's the value of a human life? | real utopias | Scoop.it
In theory, the philosophy regarding the value of a human life is rather straightforward: all human life should be regarded equal and offered equal rights. (What’s the value of a human life?
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The Ethic of Marginal Value

The Ethic of Marginal Value | real utopias | Scoop.it

Recently David Graeber has gotten some attention for an essay on “the Phenomenon of Bullshit Jobs,” which is notable mostly for getting some important arguments about the nature of work into wider circulation than usual. Mainstream economists have taken notice of Graeber’s contention that much of the activity that people are compelled to perform in return for their wages is “effectively, pointless.”

 
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Are Robots Killing The Middle Class? | The Federalist

Are Robots Killing The Middle Class? | The Federalist | real utopias | Scoop.it

A few years back, President Barack Obama claimed that America was experiencing “structural issues with our economy.” It wasn’t simply that inflexible Republicans were standing in the way of prosperity but that “a lot of businesses” had become more efficient. “You see it when you go to a bank and you use an ATM,” he went on, “you don’t go to a bank teller, or you go to the airport and you’re using a kiosk instead of checking in at the gate.”

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Columbia University Press » Blog Archive » Excerpt: Preface from The Ethical Economy

Columbia University Press » Blog Archive » Excerpt: Preface from The Ethical Economy | real utopias | Scoop.it

This week our featured book isThe Ethical Economy: Rebuilding Value After the Crisis, by Adam Arvidsson and Nicolai Peitersen. Today, we have an excerpt from the preface to The Ethical Economy, in which the authors discuss the central question of their book: “can the ethical turn that we are presently witnessing among corporations, consumers, investors, employees, activists, and other stakeholders – their desire to address a number of concerns beyond the profit motive – become a basis for a new “social contract” in which the interests of business and the interests of society can coincide? In other words, can there be such a thing as an ethical economy?”

 
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation