The characteristic psychological ailment of capitalism; hostility or
indifference to something or someone generally considered
attractive in society.
People who believe that government should be abolished.
A philosophy characterized by opposition to individual or private
ownership of the means of production.
In Marxian economics, the labor hours embodied in (used to produce) raw
materials and in the depreciation of machinery and other
long-lived capital goods.
In the Marxist perspective, the exclusion of the main body of a society
from the bulk of that society's economic surplus.
See rate of surplus value.
A branch of the market-economy New Right that believes that technological
change will overcome any tendencies toward long-run monopoly in
the economy.
A branch of the economic New Right that believes there should be private
ownership of the means of production and that the market should
govern and the state cease to exist.
According to Marxian thought, a long-term stagnation in a capitalist
economy, with short business-cycle booms and long business-cycle
depressions and a rising rate of unemployment brought on by a
falling rate of profit.
Contemporary groups that generally call for major changes away from the
market economy.
Contemporary groups that generally call for major steps toward a purely
market economy.
People who will emerge after the establishment of socialism; they will
work harder and more skillfully than workers in the past and
will demand less from society in terms of wealth and material
goods.
The belief that each person's most objective view of "the good"
is his or her knowledge of what is in his or her own best
interest.
In Marxian economics, the ratio between constant capital (raw material
plus depreciation) and variable capital (direct labor).
The workers.
Extreme, sweeping, revolutionary.
In Marxian economics, the ratio between the amount of labor-produced
value taken from the worker and the amount that the worker is
allowed to retain.
In Marxian thought, a crisis caused by a rising exploitation rate; as the
exploitation rate rises, a falling proportion of the labor force
is needed to produce the output that the masses can still buy.
A belief that the survival and prosperity of individuals, families,
nations, and races are determined by their biological and
psychological fitness in perpetual struggle against each other
and the environment.
Those who see ownership of land and capital by the political state and
its agencies as the only feasible short-run alternative to
capitalism.
In Marxian economics labor produced value in excess of the amount that
the worker is allowed to retain.
Those who favor the separate ownership of each productive facility by its
own workers.
A branch of the market-economy New Right that fears that control by a
big-business oligarchy will restrict output and employment,
raise prices, and stifle the opportunity for new businesses to
enter the mainstream of the American economy.
In Marxian economics, the purchasing power of the wage paid to labor,
measured in labor hours embodied in consumption goods.
