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Steve Keen: “Mythonomics”
The Great Simplification with Nate Hagens
Product Dilemmation and Innovation Is the Way You Compete, Not by Price
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The idea of a market where y've got n an infinite number of firms producing a standard commodity just doesn't apply. So throughout the form of competition is one over innovation, product differentiation, not over price. What would a hundred respected neo classical economists say if confronted with your anecdote about allan blinder's research and his subsequent book? They they simply don't look at the data. This is what i find absolutely stunning about them.
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