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We Should Abolish “Capital”

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[unable to retrieve full-text content]– by Steve Roth Originally posted at Wealth Economics “Capital” is polysemous; it has multiple meanings. People, notably including economists (who should know better), constantly muddle those meanings together even within a single sentence, so that nobody including the speakers and writers themselves knows, or can know, what the speaker is saying. It’s a centuries-old dumpster fire — conceptual and […] The post We Should Abolish “Capital” appeared first on Angry Bear.

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[unable to retrieve full-text content]

– by Steve Roth Originally posted at Wealth Economics “Capital” is polysemous; it has multiple meanings. People, notably including economists (who should know better), constantly muddle those meanings together even within a single sentence, so that nobody including the speakers and writers themselves knows, or can know, what the speaker is saying. It’s a centuries-old dumpster fire — conceptual and […]

The post We Should Abolish “Capital” appeared first on Angry Bear.

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