Relevant and even prescient commentary on news, politics and the economy.

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What’s in a name?

…intellectual energy analyzing capitalism — how surplus value is extracted, how class relations form, how markets expand, how crises emerge from systemic contradictions. Das Kapital, all three volumes of it,…

valued at the purchase price. This bypasses capital gains. Since Gates’ Microsoft stock was originally purchased for approximately $50,000, and is now worth billions, the value of each dollar’s worth…

Value of a Human Life

…Protection Agency has lowered its estimate of the the statistical value of a human life from about $8.04 million to $7.22 million, about an 11% drop. The Washington Post reports…

BW on Soc Sec VII: Present Value vs Present Values

In the last post and particularly in comments there was some discussion of Present Value more fancifully described as Infinite Future Horizon in relation to Social Security solvency. Which raised…