tag:blogger.com,1999:blog-7169279.post117019108136519098..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Can Capitalism Fall?Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-7169279.post-29426750676658785412007-03-08T21:34:00.000-07:002007-03-08T21:34:00.000-07:00Dr. Tufte I was unable to edit this post. The edit...Dr. Tufte I was unable to edit this post. The edit label is gone to completely take out the link. I only put it there in case anyone wanted to know who Karl Marx was.masonhttps://www.blogger.com/profile/01412686996993236905noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-57023658427744622762007-03-03T17:16:00.000-07:002007-03-03T17:16:00.000-07:00All of this is good.One poorly understood problem ...All of this is good.<BR/><BR/>One poorly understood problem with Marx is that his labor theory of value was developed precisely because economists couldn't explain why things had the value they did. <BR/><BR/>Shortly after Marx, Marshall and others developed the marginal principle. Most economists have concluded that the labor theory of value was incorrect, and that the marginal principle is how Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-21644292735787712252007-02-13T14:05:00.000-07:002007-02-13T14:05:00.000-07:00Mason said it correctly by stating that the capita...Mason said it correctly by stating that the capitalism spoken of is the American version of capitalism (AVC). Looking at the list of factors that have influenced the AVC leads to the question, could these factors also hinder capitalism? If so how can we avert these problems if capitalism is the goal? <BR/><BR/>Unions are listed as a factor that has ensured the welfare of AVC. Aaliyah commentsSallyhttps://www.blogger.com/profile/16857469686958284381noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1170481679885603012007-02-02T22:47:00.000-07:002007-02-02T22:47:00.000-07:00I love the blog that you have. I was wondering if ...I love the blog that you have. I was wondering if you would link my blog to yours and in return I would do the same for your blog. If you want to, my site name is American Legends and the URL is:<BR/><BR/>www.americanlegends.blogspot.com<BR/><BR/>If you want to do this just go to my blog and in one of the comments just write your blog name and the URL and I will add it to my site.<BR/><BR/>ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1170354890166454352007-02-01T11:34:00.000-07:002007-02-01T11:34:00.000-07:00Sorry if I hit a nerve Isabelle :) Maybe your comm...Sorry if I hit a nerve Isabelle :) <BR/><BR/>Maybe your comment hit a nerve in me as well - I hear a lot of people passing off opinions as fact.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1170301955764826102007-01-31T20:52:00.000-07:002007-01-31T20:52:00.000-07:00The factors mentioned in your post have helped cap...The factors mentioned in your post have helped capitalism to survive, by limiting the power business has to abuse the worker.<BR/><BR/>The formation of unions have particularly changed the face of capitalism by being the champion for the worker. Workers are no longer exploited by business owners looking only for profit. Unions force employers to treat their employees as assets. <BR/><BR/>Another Aaliyahhttps://www.blogger.com/profile/14729420900402582779noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1170269652556843912007-01-31T11:54:00.000-07:002007-01-31T11:54:00.000-07:00Due to my inexperiance in economics (only micro an...Due to my inexperiance in economics (only micro and macro), I can't say that I have a good response other than I understand your point and can see how my response is erroneous. Next time,I will more fully think out my ideas.Jobhttps://www.blogger.com/profile/16145666269722096017noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1170266096243314982007-01-31T10:54:00.000-07:002007-01-31T10:54:00.000-07:00-1 on Isabelle for a spelling error.Hmmm.I'm tread...-1 on Isabelle for a spelling error.<BR/><BR/>Hmmm.<BR/><BR/>I'm treading as carefully as I can here.<BR/><BR/>Isabelle: do you understand that you didn't support what you wrote with facts? That makes this an opinion.<BR/><BR/>Opinions are fine in the real world, and on this blog.<BR/><BR/>Having said that, how do you feel taking a position about our culture, society and government that is Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1170206194391248462007-01-30T18:16:00.000-07:002007-01-30T18:16:00.000-07:00I agree that government intervention has helped ca...I agree that government intervention has helped capitalism stay on top. I think that minimum wages are good in the sense that they help provide a base amount that employers have to pay. However, the more the minimum wage is increased, the higher prices will rise, and the ycle starts over again.Jobhttps://www.blogger.com/profile/16145666269722096017noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1170201829820467022007-01-30T17:03:00.000-07:002007-01-30T17:03:00.000-07:00-1 on Mason - you don't have to just provide a lin...-1 on Mason - you don't have to just provide a link. Rather, the content there has to be an integral part of the post.<BR/><BR/>Other than that, I'm not sure what I can add.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com