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About power. Marx got this, so it was ruled out of polite conversation and conventional economics, which acknowledges power ("monopoly power") but seldom investigates it or calls it out. Adam Smith got it, too. That is seldom mentioned though. Instead Adam Smith is misrepresented as basing his analysis on "the invisible hand" of the market, which Smith scholar Gavin Kennedy shows he did not do. It's a fiction that seems to originate with Paul Samuelson.Cliodynamica — A Blog about the Evolution of CivilizationsThe Left Case against Open BordersPeter Turchin | professor at the University of Connecticut in the Department of Ecology and Evolutionary Biology, the Department of Anthropology and the Department of Mathematics, and the vice president of the Evolution Institute.
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About power. Marx got this, so it was ruled out of polite conversation and conventional economics, which acknowledges power ("monopoly power") but seldom investigates it or calls it out. Adam Smith got it, too. That is seldom mentioned though. Instead Adam Smith is misrepresented as basing his analysis on "the invisible hand" of the market, which Smith scholar Gavin Kennedy shows he did not do. It's a fiction that seems to originate with Paul Samuelson.Cliodynamica — A Blog about the Evolution of CivilizationsThe Left Case against Open BordersPeter Turchin | professor at the University of Connecticut in the Department of Ecology and Evolutionary Biology, the Department of Anthropology and the Department of Mathematics, and the vice president of the Evolution Institute.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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About power.
Marx got this, so it was ruled out of polite conversation and conventional economics, which acknowledges power ("monopoly power") but seldom investigates it or calls it out.
Adam Smith got it, too. That is seldom mentioned though. Instead Adam Smith is misrepresented as basing his analysis on "the invisible hand" of the market, which Smith scholar Gavin Kennedy shows he did not do. It's a fiction that seems to originate with Paul Samuelson.
Cliodynamica — A Blog about the Evolution of Civilizations
The Left Case against Open Borders
Peter Turchin | professor at the University of Connecticut in the Department of Ecology and Evolutionary Biology, the Department of Anthropology and the Department of Mathematics, and the vice president of the Evolution Institute.