Disputed term/author/ism | Author |
Entry |
Reference |
---|---|---|---|
Economic Growth | Ricardo | Mause I 41 Growth/Ricardo: Ricardo developed a growth model which - on the basis of labour value theory - explains relative prices and the amount, development and distribution of GDP solely by supply conditions (i.e. neglecting demand).(1) 1. Ricardo, David, On the principles of political economy and taxation. London 1817. |
EconRic I David Ricardo On the principles of political economy and taxation Indianapolis 2004 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
Labour | Locke | Höffe I 253 Labour/Locke/Höffe: Locke [claims](1) that one acquires property already in its natural state. God had given the earth and all lower living beings to all people together. But in the state of nature there is also a non-collective property, as quasi-divine fiefdom the property of one's own person. Acquisition of property: On the basis of this still pre-economic property, humans can acquire property through activity in the usual, economic understanding. The decisive, property-creating factor is thus work, which is both commanded by God and forced by the needs of humans. Labour: In this theory of labour, "the unquestionable property of the worker"(2), labour, is given two functions. Labour justifies the distinction between mine and yours and, as an economic labour value theory, represents the most important value-creating factor. Origin/Nature: Locke does not deny that the things of nature are common to all. However, he considers two other factors that lie in the human him- or herself to be a far more significant basis of ownership: that the human is master of him- or herself and that he or she is the owner of his or her own person together with the work that this person does. Divine Reasoning/Moralizing Reasoning/Höffe: Locke does not deny the differences in the work assignment. However, he does not point out any differences in physical talent, but names a difference with a moralizing undertone: God gave the initially uncultivated common property - thus not in labour, but again in a divine gift lies Locke's first step of argumentation - to the hard-working and intelligent for use, instead of abandoning them to the whims of troublemakers. However, even the diligent may not acquire as much property as they like, for they are subject to a natural law limit, which of course cannot be so obviously justified by the prohibition of damage (Laws/Locke). >Property/Locke. 1. J. Locke, Second treatise of Government, §§ 27ff. 2. Ibid., § 27 |
Loc III J. Locke An Essay Concerning Human Understanding Höffe I Otfried Höffe Geschichte des politischen Denkens München 2016 |
Price | Smith | Mause I 40 Price/Smith: Smith took the theory of labour value as a basis and postulated a "natural" price, which is determined solely on the supply side by the "normal" remuneration of the production factors and the "normal" profit. >Labour value, >Labour. Market prices may differ from this natural price due to demand influences, but competition will ensure that these differences are only of a short-term nature. The latter was also responsible for the fact that wages, basic pensions and interest rates each tended to have a uniform value within an economy. Smith, however, does not explain the distribution of income, i.e. the shares of the various factors of production in the national product. |
EconSmith I Adam Smith The Theory of Moral Sentiments London 2010 EconSmithV I Vernon L. Smith Rationality in Economics: Constructivist and Ecological Forms Cambridge 2009 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
Value Theory | Schumpeter | Brocker I 253 Value Theory/SchumpeterVsMarx/Schumpeter: Schumpeter criticizes Marx' value-added theory of capitalist exploitation and its underlying theory of labour values in land and soil. In his view "it is easy to prove that under Marx's own conditions the theory of added value is untenable" (1). >Value theory/Marx, >Capitalism/Schumpeter, >Socialism/Schumpeter. 1. Joseph A. Schumpeter, Capitalism, Socialism and Democracy, New York 1942. Dt.: Joseph A. Schumpeter, Kapitalismus, Sozialismus und Demokratie, Tübingen/Basel 2005 (zuerst: Bern 1946). S. 53. Ingo Pies, „Joseph A. Schumpeter, Kapitalismus, Sozialismus und Demokratie (1942)“ in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018. |
EconSchum I Joseph A. Schumpeter The Theory of Economic Development An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle, Cambridge/MA 1934 German Edition: Theorie der wirtschaftlichen Entwicklung Leipzig 1912 Brocker I Manfred Brocker Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018 |