Social Analysis, Social Justice, and the Welfare State: Post Great Recession Social Welfare Policy
Author: EDWARD J. MARTIN and MATTHEW S. PIMENTEL
Published in GVER, Vol. 7 No. 1
This article points out the underlying value of progressive economic thought is not the individual but rather all the people in society and the need to have an active government intervention to bring about social change that benefits the whole of society rather than the only the wealthy. This value is articulated as the “labor theory of value.” It is built on the notion that capitalism in its pure form is essentially a theory permitting and facilitating exploration of those who labor for their income.