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

The Great Simplification with Nate Hagens

CHAPTER

The Importance of Class-Based Analysis in Economics

In a fossil fuel powered economy, everything you do makes somebody worse off. If there is such thing as climate change, then parato efficiency is the stupidest measure you can come up with. We only do things that make somebody better off without making anybody else worse off. That's to meet the failings of neoclassical economics and prove class-based analysis is correct.

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