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Labor Notes (currency)
Labour vouchers (also known as labour cheques, labour notes, labour certificates and personal credit) are a device proposed to govern demand for goods in some models of socialism and to replace some of the tasks performed by currency under capitalism. Outline Unlike money, vouchers cannot circulate and are not transferable between people. They are also not exchangeable for any means of production, hence they are not transmutable into capital. Once a purchase is made, the labour vouchers are either destroyed or must be re-earned through labour. With such a system in place, monetary theft would become impossible. Such a system is proposed by many as a replacement for traditional money while retaining a system of remuneration for work done. It is also a way of ensuring that there is no way to make money out of money as in a capitalist market economy. Additionally, the only kind of market that could exist in an economy operating through the use of labour vouchers would be an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demand
In economics, demand is the quantity of a goods, good that consumers are willing and able to purchase at various prices during a given time. In economics "demand" for a commodity is not the same thing as "desire" for it. It refers to both the desire to purchase and the ability to pay for a commodity. Demand is always expressed in relation to a particular price and a particular time period since demand is a flow concept. Flow is any variable which is expressed per unit of time. Demand thus does not refer to a single isolated purchase, but a continuous flow of purchases. Factors influencing demand The factors that influence the decisions of household (individual consumers) to purchase a commodity are known as the determinants of demand. Some important determinants of demand are: The price of the commodity: Most important determinant of the demand for a commodity is the price of the commodity itself. Normally there is an inverse relationship between the price of the commodity and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Participatory Economics
Participatory economics, often abbreviated parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocation in society. In the system, the say in decision-making is proportional to the impact on a person or group of people. Participatory economics is a form of a socialist decentralized planned economy involving the collective ownership of the means of production. It is a proposed alternative to contemporary capitalism and centralized planning. This economic model is primarily associated with political theorist Michael Albert and economist Robin Hahnel, who describes participatory economics as an anarchist economic vision. The underlying values that parecon seeks to implement are: equity, solidarity, diversity, workers' self-management, efficiency (defined as accomplishing goals without wasting valued assets), and sustainability. The institutions of parecon include workers' and consumers' councils utilising self-manage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Critique Of The Gotha Programme
The ''Critique of the Gotha Programme'' () is a document based on a letter by Karl Marx written in early May 1875 to the Social Democratic Workers' Party of Germany (SDAP), with whom Marx and Friedrich Engels were in close association. Offering perhaps Marx's most detailed pronouncement on programmatic matters of revolutionary strategy, the document discusses the " dictatorship of the proletariat", the period of transition from capitalism to communism, proletarian internationalism and the party of the working class. It is notable also for elucidating the principles of " To each according to his contribution" as the basis for a "lower phase" of communist society directly following the transition from capitalism and " From each according to his ability, to each according to his needs" as the basis for a future "higher phase" of communist society. In describing the lower phase, he states that "the individual receives from society exactly what he gives to it" and advocates remune ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
To Each According To His Contribution
"To each according to his contribution" is a principle of distribution considered to be one of the defining features of socialism. It refers to an arrangement whereby individual compensation is representative of one's contribution to the social product (total output of the economy) in terms of effort, labor and productivity. This is in contrast to the method of distribution and compensation in capitalism, an economic and political system in which property owners can receive income by virtue of ownership irrespective of their contribution to the social product. The concept formed the basic definition of socialism for its pre-Marxist proponents, including Ricardian socialists, classical economists, collectivist anarchists and individualist anarchists, as well as for Marx, who contrasted it with " to each according to his need" as the corresponding principle of completed communism. Definition and purpose ''To each according to his contribution'' was a concept espoused by many ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Marx
Karl Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, political theorist, economist, journalist, and revolutionary socialist. He is best-known for the 1848 pamphlet '' The Communist Manifesto'' (written with Friedrich Engels), and his three-volume (1867–1894), a critique of classical political economy which employs his theory of historical materialism in an analysis of capitalism, in the culmination of his life's work. Marx's ideas and their subsequent development, collectively known as Marxism, have had enormous influence. Born in Trier in the Kingdom of Prussia, Marx studied at the universities of Bonn and Berlin, and received a doctorate in philosophy from the University of Jena in 1841. A Young Hegelian, he was influenced by the philosophy of Georg Wilhelm Friedrich Hegel, and both critiqued and developed Hegel's ideas in works such as '' The German Ideology'' (written 1846) and the '' Grundrisse'' (written 1857–1858). While in Paris, Marx wrote ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friedrich Engels
Friedrich Engels ( ;"Engels" ''Random House Webster's Unabridged Dictionary''. ; 28 November 1820 – 5 August 1895) was a German philosopher, political theorist, journalist, and revolutionary socialist. He was also a businessman and Karl Marx's lifelong friend and closest collaborator, serving as the co-founder of Marxism. Born in Barmen in the Kingdom of Prussia, Engels was the son of a wealthy textile manufacturer. Despite his Bourgeoisie, bourgeois background, he became a staunch critic of capitalism, influenced by his observations of industrial working conditions in Manchester, England, as published in his early work ''The Condition of the Working Class in England'' (1845). He met Marx in 1844, after which they jointly authored works including ''The Holy Family (book), The Holy Family'' (1844), ''The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalist Mode Of Production (Marxist Theory)
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social pol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utopian Socialism
Utopian socialism is the term often used to describe the first current of modern socialism and socialist thought as exemplified by the work of Henri de Saint-Simon, Charles Fourier, Étienne Cabet, and Robert Owen. Utopian socialism is often described as the presentation of visions and outlines for imaginary or futuristic ideal and socialist societies that pursue ideals of positive inter-personal relationships separate from capitalist mechanisms. However, later socialists such as the Marxists and the critics of socialism both disparaged utopian socialism as not being grounded in actual material conditions of existing society. Utopian socialist visions of ideal societies compete with Revolutionary socialism, revolutionary and social democratic movements. Later socialists have applied the term ''utopian socialism'' to socialists who lived in the first quarter of the 19th century. They used the term as a pejorative in order to dismiss the ideas of the earlier thinkers as fanciful a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poverty Of Philosophy
''The Poverty of Philosophy'' (French: ''Misère de la philosophie'') is a book by Karl Marx published in Paris and Brussels in 1847, where he lived in exile from 1843 until 1849. It was originally written in French as a critique of the economic and philosophical arguments of French anarchist Pierre-Joseph Proudhon set forth in his 1846 book '' The System of Economic Contradictions, or The Philosophy of Poverty.'' History The ideas of Proudhon Pierre-Joseph Proudhon (1809–1865) was a French anarchist theoretician who wrote extensively on the relationship between the individual and the state. Proudhon believed in an orderly society but argued that the state represented an illegitimate concentration of official violence which effectively undercut any effort to build a just society.Paul Thomas, ''Marx and the Anarchists''. London: Routledge and Kegan Paul, 1980; pg. 176. Proudhon rejected all political action as a form of class collaboration but argued instead that the working ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pierre-Joseph Proudhon
Pierre-Joseph Proudhon (, ; ; 1809 – 19 January 1865) was a French anarchist, socialist, philosopher, and economist who founded mutualist philosophy and is considered by many to be the "father of anarchism". He was the first person to call himself an ''anarchist'', using that term, and is widely regarded as one of anarchism's most influential theorists. Proudhon became a member of the French Parliament after the Revolution of 1848, whereafter he referred to himself as a '' federalist''. Proudhon described the liberty he pursued as the synthesis of community and individualism. Some consider his mutualism to be part of individualist anarchism while others regard it to be part of social anarchism.The Anarchist FAQ Collective; McKay, Ian, ed. (2008/2012). ''An Anarchist Faq''. I/II. Oakland/Edinburgh: AK Press. . . Proudhon, who was born in Besançon, was a printer who taught himself Latin in order to better print books in the language. His best-known assertion is that " p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The National Corporation Reporter
''The'' is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pronoun '' the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cincinnati Time Store
The Cincinnati Time Store (1827–1830) was the first in a series of retail stores created by American individualist anarchist Josiah Warren to test his economic labor theory of value. The experimental store operated from May 18, 1827, until May 1830. He sold things at-cost plus a small markup for his time. It is usually considered to be the first time alternative currency labor notes were used, and as such the first experiment in what would later be called '' mutualism''. He also founded stores in two utopian communities, New Harmony, Indiana, and at Modern Times, Long Island. The store in Cincinnati closed in 1830 with Warren being satisfied he demonstrated running and managing a business without the "erection of any power over the individual". His theory replacing money with time was turned into an actual practical demonstration project. It was the first such activity, preceding similar labor notes in Europe by more than 20 years, and still has implications for other c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
