Oligarchy, Democracy, & the Decline of the West

“Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal…” (Matthew 6:19) I. Introduction Book VIII of Plato’s Republic presents a genealogy of political constitutions, outlining the process by which the ideal city, namely, aristocracy or kingship, degenerates first into timocracy, then into oligarchy,

The Subjective Theory of Value

Value as a Subjective Phenomenon Action is the process of employing means to achieve an end sought after, implying that means are employed purposively. Furthermore, the conditions required for the process of action are incentives to achieve ends, implying that the current state of affairs for the actor in question is dissatisfactory. Action is therefore