Tag Archives: monetary production economy

Oppenheimer’s Law of Transformation can be read as the paradox of cooperative economics and it refers to macro-social dynamics: the beginning of a cooperative group endeavor will end up in a capitalist calculation enterprise or cease to exist as long as the macro-social conditions are based on capitalist monetization and accounting. Knowledge is about predictability and wisdom is about outcome: the later Kibbutzim were from the Oppenheimer viewpoint a survival mechanism which will be...

Quote from Giancarlo Bertocco, "Some Observations About The Loanable Funds Theory" Lars P. Syll’s BlogKeynes vs. Wicksell — the loanable funds theoryLars P. Syll | Professor, Malmo University