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Thread: What is Political Economy?

  1. #1
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    What is Political Economy?

    Everyone and anyone posting in this section of the forum ought to at least have an understanding of the following terms IMHO

    POLITICAL ECONOMY; The science that deals with the 'Natural Laws' governing production and distribution of valuable goods and services

    LAND; The entire material universe, (which no human being created) except for people and the products or ideas we create

    WEALTH; Natural Material, provided by the planet which has been transformed either in place or form in order to satisfy human desires. WEALTH is material from the Earth, produced by LABOR, that satisfies humans and has 'exchange' value

    LABOR; All human exertion used in production, physical and mental

    CAPITAL; Wealth that is used in the production of goods and in the course of exchange

    PRODUCTION; All of the processes by which LABOR creates goods and services and brings them to their ultimate consumer

    DISTRIBUTION; The division of valuable goods and services among the factors that use them

    WAGES; That part of the 'total value' of total production which is supposed to go to LABOR

    ECONOMIC INTEREST/CAPITAL YEILD (money for Nothing); That part of the value of production which is given to or returned to capital/BANKS

    RENT; (This one trips up everyone who hasn't studied some basic economics) RENT is That part of the value of total production which is supposed to be the "Return (to society) for the use of LAND", and as such remains a critical element that our current corrupt economic system selectively IGNORES, solely for the benefit of the already Well Off, being a part of the major SCAM that's been played on us all. This RENT return 'belongs to the society' that actually creates VALUE for products or places with their presence and purchases, yet we've all been duped into 'giving that RENT' to the WEALTHY who then 'charge humanity (a more familiar form of Rent) to exist....to LIVE.

    IMPORTANT; That RENT is our COMMON WEALTH my Friends, and we have been giving it away for hundreds, perhaps thousands of years.......because we like or enjoy the false sense of security we get in following leaders, as people are mostly SHEEP, willing to follow leaders almost anywhere.....even to our own doom...

    VALUE; The quantity of LABOR, goods or money that people are 'generally' willing to give up in exchange for something. REMEMBER; Value is something created by Society, not necessarily by entrepreneurs or alleged Job Creators...

    MARGIN OF PRODUCTION; The best LAND available without the payment of RENT, hence the best opportunity for producers to be self employed.

    OK, now let's discuss.........
    Last edited by droneBEE; 2 Days Ago at 07:11 AM.
    Ernest likes this.

  2. #2
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    probably gonna need this too...

    Understanding Economics - Site Map

  3. #3
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    im not gonna discuss ANYHTIN [bc i dont understand what 2 discuss]

  4. #4
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    Quote Originally Posted by Lifee View Post
    im not gonna discuss ANYHTIN [bc i dont understand what 2 discuss]
    No problem...You're not alone. The ailment mentioned is quite common these days....

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