If we now accept a pure labor theory of value, or what might better be called a “theory of the…
Category: Social en
Grants and Their Exchange Relationship
In general, we may say that if there is an attitude that identifies certain relations and transactions as illegitimate, it…
The Theory of Capital Value
It is by no means absurd to turn Marx on his head and develop a theory of capital value, arguing…
THE THEORY OF EXPLOITATION
We have reached what is perhaps the most difficult and controversial aspect of the grants economy: the problem of the…
The Real Dynamics of Capitalist Countries
The real dynamics of “fortunate” capitalist countries have been very different. The share of wages in national income has tended…
The Link with Capital, Its Costs and Benefits
If capital is to be accumulated, it is evident that society in general must abstain in this sense, the real…
Tariffs and Grants
Of course, the tariff is a special case within the enormous structure of grants, both implicit and explicit, involved in…
Production and Grants
There is a modern version of Adam Smith’s famous story of the beaver and the deer: if abandoning the production…
Inflation and Grants
The rapid negotiations of non-unionized labor catch up with inflation very easily. The opposite effect occurs in deflation, when organized…
The Structure of Grants
Licenses granted to individuals create a structure of implicit grants in the same way as licenses attached to property, although…