Heterodox
Eiteman and Guthrie conclude their paper with this statement: “If the beliefs of businessmen in general coincide with those included in this sample, it is obvious that short-run marginal price theory should be revised in the light of reality.” That was in 1952…. Another thing conventional economics reverses and gets backwards. "Reality is a bitch."econoblog 101The problem with the supply curveDirk Ehnts | Lecturer at Bard College Berlin
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