Steve Keen: “Mythonomics”
The Great Simplification with Nate Hagens
00:00
The Theory of Supply
The micro completely misses who we are as biological animals. We can't just parse everything of value in the human experience into utility and assume that it will somehow be paretal optimal. And this, this is the point that i i emphasize my da bunking economic song. The theory of supply empirically falls wen you find the same thing in demand. Everything about the theory is unsound, is the implication.
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