Economics

[E]conomic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman’s tool is values; the bureaucrat’s tool is fear. – AYN RAND

Classical Economics Versus The Exploitation Theory

The fundamental place to challenge the exploitation theory is not over the labor theory of value or the iron law of wages, but here, over its conceptual framework—over the doctrines of the primacy of wages and the deduction of profits from wages.

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.

No spam. Unsubscribe anytime.