Progressive Social Theory and Government Growth: The Labor Theories of Value and Property

This article points out the underlying value of progressive economic thought is not the individual but rather all the people in the society and the need to have an active government intervention to bring about social change that benefits the whole of society rather than just the wealthy. This value...

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Bibliographic Details
Published inGlobal virtue ethics review Vol. 7; no. 1; p. 122
Main Authors Martin, Edward J, Martin, Ariana C
Format Journal Article
LanguageEnglish
Published Harrisburg Southern Public Administration Education Foundation 01.04.2014
Subjects
Capitalism
Labor theory of value
Political economy
Property rights
Social change
Society
Studies
Working class
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Summary:This article points out the underlying value of progressive economic thought is not the individual but rather all the people in the society and the need to have an active government intervention to bring about social change that benefits the whole of society rather than just the wealthy. This value is articulated as the "labor theory of value." It is built on the notion that capitalism in its pure form essentially permits and even facilitates the exploration of those who labor for their income.
ISSN:1523-9756
1523-9756