Wednesday, September 13, 2017

David F. Ruccio — “Profits above morals and humanity”

Value determined by the price the market will bear rather than by cost. 

The classical definition of economic rent is market price in excess of cost of production (ht Michael Hudson).

Occasional Links & Commentary
“Profits above morals and humanity”
David F. Ruccio | Professor of Economics, University of Notre Dame

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