What do you think about this paper by Anwar Shaikh?
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by /u/Empty-Pickle-8344
23h ago
https://www.researchgate.net/profile/Anwar-Shaikh-2/publication/268276918_5_The_Empirical_Strength_of_the_Labour_Theory_of_Value/links/5592e52208ae1e9cb4298199/5-The-Empirical-Strength-of-the-Labour-Theory-of-Value.pdf?origin=publication_detail&_tp=eyJjb250ZXh0Ijp7ImZpcnN0UGFnZSI6InB1YmxpY2F0aW9uIiwicGFnZSI6InB1YmxpY2F0aW9uRG93bmxvYWQiLCJwcmV2aW91c1BhZ2UiOiJwdWJsaWNhdGlvbiJ9fQ From what I understand, mainstream economics disagrees with Marxist Economics. Therefore, why is there supposed empirical evidence that supports Marxist theory? What reasoning and/or premise causes this paper to rea ..read more
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Is there serious analysis looking into why is Europe seemingly underperforming the US?
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by /u/FrankScaramucci
23h ago
It seems that Europe has been underperforming the US for at least the past several decades. I want to understand this underperformance better, what are the causes and what are the possible fixes. Of course, most people including me can list several plausible explanations - regulation, inflow of the most economically valuable immigrants, large unified market, taxes, better capital markets, etc. I'm looking for something deeper and more substantive, maybe something authored by an economist or a think tank who have deeply looked into this. submitted by /u/FrankScaramucci [visit reddit] [comment ..read more
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Has anyone done a breakdown of historical US gdp and what percentage went to wages, materials, energy, executive compensation?
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by /u/monsieurLeMeowMeow
23h ago
What I mean is, has anyone done a breakdown that compares how much of the countries gdp each decade, and showed “this much was fuel costs, this much was raw materials, this much was wages, this much was paid to executives or shareholders etc” Preferably also energy and resource consumption per capita. submitted by /u/monsieurLeMeowMeow [visit reddit] [comments ..read more
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Why doesn’t communalism work?
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by /u/stupidMcStupid2
23h ago
Communalism, as I'm defining it, is this system where markets and money don't exist, and everyone just works based on a trust system where they can ask for stuff and they get it. Like if someone's thirsty, then someone gives them a water. Anyone who takes more than they need is pretty much beat up and ostracized, so no one will presumably do it. I know this is not a good economic system just based on a gut feeling, but I can't explain why. Is it because of a lack of price signals? Assuming people to be too perfect and socially cohesive? I don't know. submitted by /u/stupidMcStupid2 [visit re ..read more
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What would happen if the government was for profit?
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by /u/Quiet-Shelter-
23h ago
Just a random question, if the government was ran like a public corporation would we be worse or better off? submitted by /u/Quiet-Shelter- [visit reddit] [comments ..read more
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Why Libya has a higher HDI than South Africa, Vietnam, India...? Last I read about them it said slavery was back to the country??
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by /u/QJnWo4Life
23h ago
submitted by /u/QJnWo4Life [visit reddit] [comments ..read more
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How can endogenous growth trajectories be stochastically optimized for a multifactor model of accelerated economic development ?
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by /u/Wonderful-Excuse4922
23h ago
My question concerns what the economic community currently agrees on, and whether any progress has been made on these issues in recent years. What combination of policies maximizes the GDP/capita growth rate in the short and medium term (5-15 years)? Are there empirical examples of countries that have optimized their production function in order to “speedrun” their development? What mechanisms enable a high growth rate (>5% p.a.) in GDP/capita to be maintained over an extended period (>20 years) after the initial acceleration phase? How can we mathematically model the transition from a ..read more
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Why do we use "income" to describe a tax on labor, and leave out income from assets?
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by /u/Wallbreaker_Berlin
23h ago
The dictionary definition of the word doesn't differentiate. It's one thing to argue about whether or not income from capital should be taxed differently to labor, that's not what I'm asking. It seems deceptive to me, like our language is being twisted against us, because by redefining the term income we lose the vocabulary to clearly discuss alternative taxation models. Do economists challenge or accept this? submitted by /u/Wallbreaker_Berlin [visit reddit] [comments ..read more
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How will population decide Affect the housing market, especially in major cities?
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by /u/SeaBag8211
23h ago
32M with kids. So I am relatively financially illiterate, but my family is putting increasing pressure on me to buy a home. I am apposed for several reasons, including just only kinda having the bag and generally not liking the idea of being tied down however, The most conserving thing to me is seeing how fast population decline in the developed world is accelerating. Apparently their are about half as many GenA as Mils and GenZ is having even fewer kids so far. Obviously fewer people need few houses so it just seems like bad sense to take a 20y morgage on sometime if the demand is gunna be s ..read more
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Has Compensation Kept Up With Inflation for the Past 5 Decades?
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by /u/mrsilliestgoose
23h ago
Hi everyone! I've seen the claim that compensation has not kept up with inflation or productivity since the 1970's (in the US) and wanted to see if there was any truth to it and maybe see why this is the case if so. I've seen charts showing that wages have not tracked with productivity or inflation during this time frame, but as a response to these charts people will say that if you include employer benefits into the mix, then the total compensation does track. I've tried to do my own research on this and I think I've found that the total compensation has kept up, but I'm a layperson and have ..read more
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