A World to Win with Grace Blakeley cover image

Turning the Earth into Money w/ John Bellamy Foster

A World to Win with Grace Blakeley

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The Neo Classical Definition of Capital

The neo classical economics doesn't actually have a definition of capital. It's unable to define capital, says economist Paul Samuelson. Capital is defined as any revenue stream that can be basically divided by the rate of interestd and multiplied by a hundred. But this leaves out the critical social and political economic aspects.

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