jlou ,

David Ellerman on Mistakes and Metaphors in

https://youtu.be/fvWJ10ONPkY

"A core part of neoclassical @economics is the marginal productivity (MP) which is used to address ... in production--at least in the ideal ... model. It is... remarkable... that like Piketty, Stiglitz, ... Keen, etc., who ... 'criticize' MP theory only attack the empirical shortcomings of the theory, and have no criticism of the ideal model itself."

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