3 ms·
> The author is making the classic econ 101 mistake of confusing the supply curve (which is supply as a function of price) and quantity supplied. This seems to
by falcor84 1y ago
> The author is making the classic econ 101 mistake of confusing the supply curve (which is supply as a function of price) and quantity supplied.
This seems to be just another good demonstration of Michał Kalecki's famous aphorism about how "Economics is the science of confusing Stocks with Flows".