3 ms·
100 year? Did I accidentally wake up in 2070 without realizing?
by littlestymaar 2y ago
100 year? Did I accidentally wake up in 2070 without realizing?
- pembrook 2y agoIt may surprise you to learn that these obvious ideas are older than you think. Wikipedia it. In fact, one of the main errors in Karl Marx’s theories from the mid-1800s was the belief that markets were perfectly efficient. He thought profits in a market economy would inevitably fall to 0. It turns out humans constantly want new and different stuff, in unpredictable fashion, and therefore this never happens.
- gdfgdsf 2y ago> one of the main errors in Karl Marx’s theories Another one being the Intrinsic Theory of Value which he borrowed from Adam Smith. Marx allegedly postponed the publication of the 2nd volume of his Das Capital, when he learned about Marginalism, as it would require a complete revision of his theory, but died before he could do it. Von Mises writes that if that's true, Marx was way smarter than his followers.
- philipwhiuk 2y ago> Marx was way smarter than his followers Well that's generally the case, I'd sort of be surprised if he weren't.
- datavirtue 2y agoThe list of technologies adopted by the entire tech industry that are far removed or completely miss the point of their inventor is very long.
- Terr_ 2y agoNot OP, but I found an interesting list of works/events [0] indicating that the ideas were in circulation well before 1970. [0] http://www.e-m-h.org/history.html http://www.e-m-h.org/history.html