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Six Myths about the Good Life: Thinking about what has Value is a popular philosophical book by Joel J. Kupperman of the University of Connecticut. Its primary focus is on what has value , and which values are most worth espousing in life — a question central to what is known as the philosophy of life.
As any universal Turing machine can do what any other Turing machine can, a central calculator in principle has no advantage over a system of dispersed calculators, i.e. a market, or vice versa. [25] In some economic models, finding an equilibrium is hard, and finding an Arrow–Debreu equilibrium is PPAD-complete. If the market can find an ...
The economics of happiness or happiness economics is the theoretical, qualitative and quantitative study of happiness and quality of life, including positive and negative affects, well-being, [1] life satisfaction and related concepts – typically tying economics more closely than usual with other social sciences, like sociology and psychology, as well as physical health.
Economic value exists necessarily, according to Marx, because human beings as social beings and moral subjects must co-operatively produce and economize their means of life to survive. Humans have to value things, and each other, in order to survive. In so doing they are subject to relations of production. They know that their products have a ...
Equilibrium for production is expressed by the constraint that the value of a manufacturer's net output, i.e. the dot product of the production vector with the price vector, should be maximised over the manufacturer's production set. This is interpreted as profit maximisation.
Estimates for the value of a life are used to compare the life-saving and risk-reduction benefits of new policies, regulations, and projects against a variety of other factors, [2] often using a cost-benefit analysis. [3] Estimates for the statistical value of life are published and used in practice by various government agencies.
The book (and Edward Skidelsky's writing generally [2]) looks into the idea of the good life and how capitalism may have been the key to it, but we have now lost sense of the good life as a priority. The solutions offered to this problem are to "curb insatiability" and to consider a form of basic income for society. [3]
Although Marx and Engels never elaborated on the specific institutions that would exist in socialism or on processes for conducting planning in a socialist system, their broad characterizations laid the foundation for the general conception of socialism as an economic system devoid of the law of value and law of accumulation and principally ...