The Great Simplification with Nate Hagens cover image

Herman Daly: "Toward an Ecological Economics”

The Great Simplification with Nate Hagens

00:00

Classical Economics and the Real World - When Did That Change?

The theory of values shifted from labor and a more physical concept of value to a utility, a psychic notion of value. Utility could increase without limit, or at least so it seemed. So i think that pushed the physics into the background.

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