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Unlearning Economics: Jon Erickson, Josh Farley, Steve Keen, & Kate Raworth | Reality Roundtable #03

The Great Simplification with Nate Hagens

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The Big Picture of the Economy

In mainstream economics, the biggest picture is going to look something like this. It's called the circular flow of goods and money. And what we've got is households and businesses in the essential market relationship. Households provide labor and they can provide capital,. In return, they get wages. Some get wages and some get profit.

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