Re:Four Basic Truths of Macroeconomics
by viburnum on Tuesday February 23, 2021 @09:45PM
(#26246014)
Hidden in all that math and technique are some very strong ideological assumptions. That poor people are lazy, that wages equal the marginal product of labour, that there’s an efficiency/equality tradeoff. Even just the common assumption that markets clear or that Pareto optimality has any kind of ethical basis are hugely ideological.
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