Right Wing Economics

Discussion in 'Economics & Trade' started by Old Trapper, Aug 5, 2017.

  1. james M

    james M Banned

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    nice that its self-correcting given that people are free to change jobs to whoever pays most. Do we really need to empower a libcommie govt to identify and correct monopsony power? and to correct the 1001 other issues the libcommie thinks need correcting?
     
  2. Maximatic

    Maximatic Well-Known Member

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    Fine but, like all commies, you're abusing language by calling it that.
     
  3. Maximatic

    Maximatic Well-Known Member

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    Nothing voluntary needs correcting by the *******ned statist control freaks, and they shouldn't 'correct' it even if they could for the better.
     
  4. Maximatic

    Maximatic Well-Known Member

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    in before he abuses 'voluntary'
     
  5. james M

    james M Banned

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    the best definition of earned might be: gained in peaceful voluntary transactions in a Republican capitalist society. A liberal, however, will say that if you have, for example, a high IQ and thus got the better of a lower IQ person in a peaceful voluntary transaction you will have, in effect, stolen the money, not earned it. Therefore, a liberal will want to intervene at gunpoint to steal the earnings for purposes of redistribution in order to correct for your higher IQ. This is tantamount to correcting for evolution, something which anti-science liberalism naturally does. Next, they will want to perfectly neutralize sports, class rooms, businesses, hospitals, clothes, and beauty respectively so that all games end in ties, all school grades are the same, all patients die at the same time, all businesses have similar quality products, we all dress the same way, and are all equally attractive so that no one gets a better mate and advances evolutionary development.
     
    Last edited: Jan 11, 2018
  6. Reiver

    Reiver Well-Known Member

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    Amusing that you abuse a political economic term when all I've done is mentioned how economists apply the term!
     
  7. james M

    james M Banned

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    if you have evidence of this I will pay you $10,000. Bet??
     
  8. Kode

    Kode Well-Known Member

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    Stealing is against the law. Report it.
     
  9. Kode

    Kode Well-Known Member

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    LOLOLOLOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ROTFLMFAO!!!!!!!!!!!!!!!!!!!

    Sounds like a nice theory. But try reality. That's where most of us live.
     
  10. james M

    james M Banned

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    yep, most employers would prefer to pay $1/hour but thank to capitalist worker tyranny they are forced to pay $26/ hour on average.
     
    Last edited: Jan 15, 2018
  11. Reiver

    Reiver Well-Known Member

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    Right wing economics keeps its realism in check. Application of any notion of real world economics will limit the ideological manipulation
     
    Last edited: Jan 16, 2018
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  12. james M

    james M Banned

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    in the real world China instantly eliminated 40% of the entire planets poverty by switching to Republican capitalism
     
  13. Kode

    Kode Well-Known Member

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    And your point is that if capitalism is good for a backward, undeveloped country, then it must also be good for the most advanced country in the world?
     
  14. Longshot

    Longshot Well-Known Member

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    How is "right wing" economics different from just plain old economics?
     
  15. TedintheShed

    TedintheShed Banned

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    It's a meaningless distinction. There is only economics, as you previously defined.
     
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  16. Kode

    Kode Well-Known Member

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    HAHAHAHAHAHA!!!! So you know nothing of Marxian economics that inspire and guide Marxists. Do you also think feudal economics utilize the same principles of property rights, opportunity cost, aggregate demand, cost-benefit analysis, pricing, and marketing?
     
  17. Longshot

    Longshot Well-Known Member

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    How is "marxian economics" different from just plain old economics?
     
  18. Kode

    Kode Well-Known Member

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    Last edited: Jan 21, 2018
  19. Baff

    Baff Well-Known Member

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    Right wing economics centres on production and left wing economics centres on redistribution of produce.

    It's two elements of the economy that are in direct rivalry with each other.

    A zero sum gain. What is produced can only be split so many ways.
    Right winger wants to keep more of his own production, Left winger wants to keep more of it too.
    If one keeps more, the other keeps less.
     
    Last edited: Jan 21, 2018
  20. TedintheShed

    TedintheShed Banned

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    Again, it's a meaningless distinction.

    People don't understand what economics really is. It is a social science. It is a study of how people act when faced with with scarcity.
     
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  21. Longshot

    Longshot Well-Known Member

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    Yep. And that's neither right wing nor left wing. It's like marxian physics.
     
  22. Longshot

    Longshot Well-Known Member

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  23. TedintheShed

    TedintheShed Banned

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    I think "Marxian Astrology" would be a better example. ;)
     
  24. james M

    james M Banned

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    China is longer backwards by any stretch and is still growing at 7-8 %. The basic Republican capitalist principle, work don't leech, applies at all income levels. Got it now?
     
  25. Kode

    Kode Well-Known Member

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    There is too much to give more than a few comments.

    Unlike capitalist neoclassical economics, Marxian economics explains finer distinctions about value, like individual value, social value, intrinsic value, surplus value, and exchange value. It explains "socially necessary labor time" and distinguishes it from private labor and social labor.

    Unlike neoclassical economics, Marxian economics says that value is created in production by human labor. It takes the form of commodities with definite values. Commodities enter the market place where they acquire prices. Sometimes these prices are above their values. Sometimes below. These signals act back upon production to discipline and apportion labor. Thus the enormous, complex division of labor in a capitalist society is coordinated through the value relations between the commodities.

    Unlike neoclassical theory where prices arise merely from the collision of subjective motivations of individuals bartering, thus totally abstracting away from the production process, the Marxist theory of of value and price directly links them to the need for society to reproduce itself through a capitalist division of labor.

    Sometimes people think that by pointing to value-price divergences they have somehow undermined the theory of surplus value. This is an error because the Theory Of Surplus Value does not require prices to equal values.

    Surplus value and profit are not always equal because they represent different concepts as well. Surplus value can only be created in production but it can be redistributed in exchange.

    Sometimes Marx just talks about value, sometime he talks about prices of production, and sometimes he talks about market price. These are three different "levels of abstraction". Many mistakes have been make by people not paying attention to what level of abstraction is currently being discussed.

    Anything more you may want to know may be in the videos.
     

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