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>Interestingly ol' Marx tried to differentiate between use and exchange. Well, of course they're different. It does seem that Neoclassical economics is fundam
by crdoconnor 11y ago
>Interestingly ol' Marx tried to differentiate between use and exchange.
Well, of course they're different.
It does seem that Neoclassical economics is fundamentally structured upon a series of misdirections that benefit capitalists:
* Blurring use and exchange value.
* The non-existence of money in neoclassical models.
* The non-existence of banks or other credit intermediaries in neoclassical models.
* Even the non-existence of profit in neoclassical models ("perfect competition")
Pretty much any kind of element of an economic model that could be used to analyze the source of profit, in fact, is just handwaved away under the heading "assumptions".
- digi_owl 11y agoSteve Keen have some lovely lines in his presentations about those assumptions. https://www.youtube.com/user/ProfSteveKeen https://www.youtube.com/user/ProfSteveKeen