While it's not accurate to say Jevons refuted Marx in a direct, one-to-one debate, Jevons's work, particularly his marginalist theory, presented a significant challenge to Marx's labor theory of value. Jevons, along with Menger and others, introduced the concept of marginal utility, suggesting that the value of a good is determined by its last, or marginal, unit consumed, rather than the labor time involved in its production, according to the Independent Institute. This idea, which sparked the "marginal revolution" in economics, effectively displaced the labor theory of value as the dominant economic paradigm by the late 19th century
Subscribe to:
Post Comments (Atom)
Kamchatka news
FBI warn Elon Musk to STOP MAKING BOMBS and in related news S Korea, U.S. and Japan urge N Korea to cease all unlawful activities
-
With German money, supplied by Helphand-Parvus, Lenin was able to return to Russia and pay Lettish mercenaries to act as Police. He was th...
-
Fuck, SORRY DISLIKE BUTTON Islam. Fuck Muslim. Fuck Sharia. Fuck Halal. Fuck Mecca. Fuck Korans. Fuck Hijab. Fuck Female-circumcision. Fuc...
-
https://wordsmarts.com/beautiful-words/ Once a night is enough
No comments:
Post a Comment