An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Wednesday, May 4, 2016
Free Markets Mean Zero Economic Profit – or a 99% Profit Markup
Bill Black explains economic rent, rent-seeking behavior, and rent extraction, which neoclassical economics assumes away.
New Economic Perspectives
Free Markets Mean Zero Economic Profit – or a 99% Profit Markup
William K. Black | Associate Professor of Economics and Law, UMKC
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