Hegel, Historicism, and the End of History Georg Wilhelm Friedrich Hegel is one of the most influential and prominent philosophers of the 19th century. He’s also regarded as controversial, his works considered hard to read, and his inquiries challenging to understand. The obscure philosopher Hegel belongs to the philosophical tradition of German idealism, while his […]
Capitalism can be viewed as an economic system that has been a driving force in many advanced economies, fostered growth and innovation, enabled people to lift themselves out of poverty, and greatly improved living standards. But it also has many staunch critics, who will argue that, regardless of outcomes or track records, it is a deeply harmful and exploitative system. So, to clear up any confusion, what really is capitalism, and what isn’t it?
Marx espoused confrontation and slander over careful and critical intellectual debate.
This post by Professor Steve Horwtiz originally appeared on the Foundation for Economic Education’s blog back in November of 2015. The following are excerpts. What Menger and others argued was that value is subjective. That is, the value of a good is not determined by the physical inputs, including labor, that helped to create it. […]