Tag: theory
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Veblen: The Theory of the Leisure Class
If you’re looking for a non-Marxist critique of Capitalism and modern society in general, then you need to read Thorstein Veblen’s The Theory of the Leisure Class. Published in 1899, the book is an economic treatise and detailed social critique of conspicuous consumption, as a function of social-class consumerism, which proposes that the social strata…
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John Rawls and the Veil of Ignorance: A Thought Experiment on Fairness
Edited from the Book of Life, Political Theory: John Rawls Many of us feel that our societies are a little – or even plain totally – ‘unfair’. But we have a hard time explaining our sense of injustice to the powers that be in a way that sounds rational and without personal pique or bitterness.…
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The Economic Theory Based Entirely on Sentimental Hope – Smith vs. Ricardo
Is it strange that classical English economists Adam Smith and David Ricardo based a lot of their economic theory on sentimental hope? That the capitalists of their time would make economic decisions based on their sense of patriotism? Adam Smith considered the possibility that the merchants and manufacturers in England might decide to do their…
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Merely a Theory?
I would like to take this opportunity to explain something that is consistently being repeated incorrectly by certain members in our society, that “Evolution is only a theory!” In a discussion moderated by anchor Miles O’Brien on CNN, Christine O’Donnell squared off against Michael McKinney, a University of Tennessee professor of evolutionary biology. Not only…