James Murphy
11K posts

James Murphy
@jpk_murphy
Honesty, Competence, Self-reliance be my mantra. Biltong maker. How much you have doesn't matter, how you got it does. RTs may or may not signify approval

Nobody has ever been able to debunk Karl Marx.

Thank you, capitalism!


Thank you, John! John Ryan has today confirmed that he will retire at the end of the season after a brilliant 16-year career in professional rugby. #SUAF 🔴

This dude named Carl sits in his study in 1871, probably wondering why classical economists kept insisting that labor creates value when any fool could see that a glass of water means nothing to someone drowning but everything to someone dying of thirst. The Principles of Economics drops that year and basically nukes the entire labor theory of value that Smith and Ricardo built their reputations on. The genius wasn't just marginal utility itself; Menger figured out that value flows backward from human satisfaction to goods, not forward from some mystical "socially necessary labor time" that Marx was busy scribbling about in London. He used bread, horses, concrete examples - not abstract mathematical bullshit. Jevons and Walras stumbled onto similar insights around the same time, but Menger went deeper. Those guys got distracted by their fancy equations while Menger built the foundation for understanding human action itself. The Methodenstreit with Schmoller's crew was inevitable. You can't overturn 100 years of economic orthodoxy without making enemies... Classical economics never recovered. Sure, it took decades for the old guard to die off, but Menger lit the fuse that eventually exploded into the Austrian school we know today.




🚨WTF?? NYC Mayor Zohran Mamdani announces he's hitting the wealthy with MAXIMUM taxes to convince others to stop leaving the city: "I'll ask those who make the most amount of money [to] pay more so everyone can STAY IN THIS CITY!" We warned you.




Elon Musk has 6.5 MILLION times more wealth than the typical American. It’s time for a wealth tax — billionaires must pay their fair share.


Why do Conservatives hate this so much? Anyone?















