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The Left Case against Open Borders — Peter Turchin

Summary:
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 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.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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