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I'm not really sure I understand what you are trying to say here. The almost purely "logical" and "ideological" statements of 19th and early-to-mid 20th centur
by AmpsterMan 6y ago
I'm not really sure I understand what you are trying to say here.
The almost purely "logical" and "ideological" statements of 19th and early-to-mid 20th century economics have been supplanted with with more empirical methods.
- mcguire 6y agoYou know the supply and demand curves, from Econ 101? How they meet at one point to determine the price of the thing? The demand curve can actually have any shape, so you can have any number of points where the two curves meet, and the supply curve has the problem that a firm making extra things both will and must not change the overall number of things made. See Debunking Economics by Steve Keen.