Sraffa's Critique of Marshall
9:10
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@krisk7310
@krisk7310 14 күн бұрын
Great videos! I am an undergraduate at TNS. Faithful to our school’s teaching of the classicals.
@avesrny
@avesrny 24 күн бұрын
Thank you!
@johnryskamp2943
@johnryskamp2943 Ай бұрын
Look into Sraffa's mathematical orientation. Everyone has one, but we don't ask, before examining someone's argunent, "What is this person's mathematical orientation?" Read A. Garciadiego's book, Bertrand Russell and the Origins of the Set-theoretic 'Paradoxes.' What was Sraffa's understanding of the concept of paradox?
@ben-dr3wf
@ben-dr3wf 2 ай бұрын
Thank you! Amazing.
@cptcosmo
@cptcosmo 2 ай бұрын
Yeah, work longer, die with more money for the government to take away. Better yet, retire early at 55 or so, make a hobby you love your final career in retirement, and live LONGER.
@mkeen1808
@mkeen1808 2 ай бұрын
I retired very early, and spent my time investing and growing my nest egg. I have made far more between 51 and 67 investing than I would have working. I simply can not be physically active 40-60 hours a week. I did have to learn to type, sort of.
@reginafisher9919
@reginafisher9919 2 ай бұрын
You all assume we're going to be able to retire!!!! That's hilarious!! Nobody passed a boomer is going to be able to retire!!! Even the boomers are starting to lose their wealth, you've got boomers living in vehicles right now and in tents outside, they're losing their condos they're losing their Florida residents it has become unaffordable even for them, and you really think anybody passed that is going to ever be able to retire! You're joking right! We barely have enough money to eat forget about kids we can barely own a dog!!
@marianafaria6960
@marianafaria6960 2 ай бұрын
I am reading euclid's elements and the introduction brings a brief explantion of aristotle's epistemology. When ressearching about it on KZbin, all I can find is elon musk. 😂
@youtubedeveloperpro
@youtubedeveloperpro 2 ай бұрын
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@douglasfairmeadow
@douglasfairmeadow 3 ай бұрын
Love your videos
@ducoverstappen6400
@ducoverstappen6400 6 ай бұрын
What is meant by Tinbergen’s Method?
@loro4807
@loro4807 7 ай бұрын
Great job!
@rainerlippert
@rainerlippert 9 ай бұрын
From my point of view, the mistake of all supporters of the classical theories of value is that value is seen as a singularity, as something one-sided that is created with production and is firmly connected to the work products or is objectified in them. But value is not a singularity. Value is a relationship between people, specifically between exchange partners. It is created for and with the exchange of goods that are not freely available and is assigned the same amount to both the exchanged goods and the equivalent value given for them. Value is neither purely objective, as Ricardo, Marx and other classical representatives explain, nor is it purely subjective, as the adherents of the Austrian School of Economics claim. As a relationship between people, value must include objective elements because it goes beyond a single exchange partner and operates in both exchange partners. The most important objective element of value is the common value that the exchange partners must agree on in order to exchange. Since human relationships originate from people's conscious processes, value must also include subjective elements. Important subjective elements of value are the subjective reflections of the common value in the exchange partners. Before the exchange, these are usually of different sizes, one-sided and purely subjective. Before the exchange there are no real values, only expected values that are made visible as offer prices for work products, works of art, concert performances, etc.
@rainerlippert
@rainerlippert 9 ай бұрын
From my point of view, the mistake of all supporters of the classical theories of value is that value is seen as a singularity, as something one-sided that is created with production and is firmly connected to the work products or is objectified in them. But value is not a singularity. Value is a relationship between people, specifically between exchange partners. It is created for and with the exchange of goods that are not freely available and is assigned the same amount to both the exchanged goods and the equivalent value given for them. Value is neither purely objective, as Ricardo, Marx and other classical representatives explain, nor is it purely subjective, as the adherents of the Austrian School of Economics claim. As a relationship between people, value must include objective elements because it goes beyond a single exchange partner and operates in both exchange partners. The most important objective element of value is the common value that the exchange partners must agree on in order to exchange. Since human relationships originate from people's conscious processes, value must also include subjective elements. Important subjective elements of value are the subjective reflections of the common value in the exchange partners. Before the exchange, these are usually of different sizes, one-sided and purely subjective. Before the exchange there are no real values, only expected values that are made visible as offer prices for work products, works of art, concert performances, etc.
@chocolatemuchie8403
@chocolatemuchie8403 10 ай бұрын
Thanks for the informative video
@SimonMonette
@SimonMonette 10 ай бұрын
My pleasure. Thanks for watching.
@matthewwalsh7813
@matthewwalsh7813 11 ай бұрын
Also, a brief comment on the subject of diamonds lol: I disagree with Smith (and you? unclear...). I don't see it as a paradox. The meaning of an object drives its value on a deeper level than its utility, because utility is itself propped up on meaning. Meaning is the measure of utility, in other words. That's why effective marketing and sales creatives leverage the benefits of an object, rather than its features. Diamonds very clearly demonstrate status and power. As social animals, we may value status more than survival. I am not sure if Smith goes on to to debunk this supposed paradox later in the text. I kinda hope he does haha. I feel like he must if he talks about currency in any meaningful way... Or am I off base here?
@SimonMonette
@SimonMonette 11 ай бұрын
I don’t think Smith would disagree that diamonds can be useful in their capacity to signal for status. His point is that water is more useful in the sense that it is necessary for survival, while diamonds are not. Water costs almost nothing. If absolute usefulness was the determinant of relative prices, you would expect water to be quite expensive. It isn’t. The same goes for air.
@SimonMonette
@SimonMonette 11 ай бұрын
It’s worth emphasizing that Smith was referring to absolute utility, not marginal utility. Many have argued-Mark Blaug and Samuel Hollander among them-that this was Smith’s error. In their view, Smith would have reconciled the diamond-water paradox if he had considered marginal utility (in the neoclassical sense).
@matthewwalsh7813
@matthewwalsh7813 11 ай бұрын
I hope this comment doesn't upset you too much, but I'm not gonna pull this punch. You seem like a good thinker, who has yet to really think about what it means to be a good communicator. In general, your mode of presentation is too academic. The video hits like an audio- textbook. I'm really interested in the subject matter, but the price you charged (in the payment of attention) was too high for the value you provided. I would recommend 2 things: 1. read The Pyramid Principle by Barbara Minto 2. start looking at the camera For the record, I just subscribed. I'm not a random troll or something like that. I wish you great success in the future!
@SimonMonette
@SimonMonette 11 ай бұрын
Thanks for the feedback, Matthew.