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.
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Wednesday, December 12, 2012
Matias Vernengo — Krugman notes that marginalism doesn't work
Perhaps some time in next century, PK realises that "physical capital" is not crucial, but who owns the land and money.
Right, apologists for capitalism don't want anyone to notice this even though it is staring them in the face. So they demonize an mention of this with "Marx," "socialism," and "class warfare."
Not bad. Perhaps some time in next century, PK realises that "physical capital" is not crucial, but who owns the land and money.
ReplyDeletePerhaps some time in next century, PK realises that "physical capital" is not crucial, but who owns the land and money.
ReplyDeleteRight, apologists for capitalism don't want anyone to notice this even though it is staring them in the face. So they demonize an mention of this with "Marx," "socialism," and "class warfare."