4 ms·

So it's a political idea, as opposed to an economic one.

• cutler 4y ago
  Not really. Most economic theories deal with the social dimension of production. Then again, we tend to forget that Economics for a long time was known as Political Economy as it's difficult, if not impossible, to divorce the two.
  • msla 4y ago
    Except, as an economic theory, it's superseded. People only hold to it out of politics.