Tags » Marxist Economics

Capitalists do not exploit workers

Workers exploit capitalists who start businesses that fail. Workers are paid more than they add in labour value to failed start-ups.

  • A self-employed farmer scraping a living with the help of a part-timer is exploiting that worker while a manager who owns no shares on a salary of $500,000 a year is a downtrodden and exploited member of the proletariat!
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Applied Price Theory

Jon Elster and Robert Nozick on the economics of Karl Marx

Popper held that Marxism had been initially scientific: Karl Marx postulated a theory which was genuinely predictive.

When these predictions were not in fact borne out, the theory was saved from falsification by adding ad hoc hypotheses to explain away inconvenient facts. 98 more words

Rawls And Nozick