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Distilling Economic Literature

Tag: Labor Theory of Value

Why We Bite the Invisible Hand

When Privilege met Narcissism, Marxism was Born

Dr. Ellen Clardy, May 26, 2023August 5, 2025

Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 4 “Dark Satanic Minds” Last blog, we learned about one of the Utopians, Robert Owen, that rose up to challenge capitalism because of all the social upheaval wrought by industrialization. A more famous challenge, and one that persists…

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