Summary:
What is “value”? I take the question back to the basics of how is it that we can produce a net output? The answer has to be consistent with the Laws of Thermodynamics, and on that basis, every school of thought from the Neoclassicals to the Marxists, is wrong. I introduce a new production function ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
What is “value”? I take the question back to the basics of how is it that we can produce a net output? The answer has to be consistent with the Laws of Thermodynamics, and on that basis, every school of thought from the Neoclassicals to the Marxists, is wrong. I introduce a new production function ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Monte Carlo simulation explained (student stuff)
Mike Norman writes Corporate buybacks
Mike Norman writes Month end settlements
Angry Bear writes Biden finalizes rule opening up Obamacare to DACA recipients
|