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A brief (non-linear) sketch of the history of economic thought Modern Austrian Approaches Eugene Böhm-Bawerk Knut Wicksell Friedrich von Weiser Friedrich von Hayek Neoclassical Economics: Subjective marginal utility theory of value: Value based in utility maximization at the margin of constrained choice © Heretical Sraffa 2017 www.sraffaarchive.org

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Page 1: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's

The University of Tulsa Prof. Scott Carter

A brief (non-linear) sketch of the history of economic thought

Modern Austrian Approaches

Eugene Böhm-Bawerk Knut Wicksell

Friedrich von Weiser Friedrich von Hayek

Neoclassical Economics: Subjective marginal utility theory of value: Value based in utility maximization at the margin of

constrained choice

©HereticalSraffa2017www.sraffaarchive.org

Page 2: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's
Page 3: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's
Page 4: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's
Page 5: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's
Page 6: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's
Page 7: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's
Page 8: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's

JohnMaynardKeyneswrotetohiswife,LydiaLopokova:“Well,Godhasarrived.Imethimonthe5:15train.”

Page 9: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's

https://www.youtube.com/watch?v=DLSkTtitwcs

https://www.youtube.com/watch?v=7hBEvkrfK-w

Page 10: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's

Early/First Wittgenstein(Tractatus: 1921)

Sraffa1929

Late/Second Wittgenstein(Investigations: 1951)

… 1946

Gramsci

1919

Page 11: The University of Tulsa Prof. Scott Carter A brief (non ... · 280 qr. wheat + 12 t. iron 575 qr. wheat 120 qr. wheat + 8 t. iron 20 t. iron (18.7) 400 20 Again, assuming labor's

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