Re:Inheriting is becoming nearly as important as working
by LudwigNagasena on Saturday March 01, 2025 @11:21AM
(#43220811)
How does economics bend over backwards to hide the “fundamental theorem”?
Every intro to macroeconomics basically starts with a simplified conceptualisation of production as a function of labour and capital. Then it describes returns to labor and capital and so on. People who own capital get paid for that capital. It’s quite literally Economics 101.
Every intro to macroeconomics basically starts with a simplified conceptualisation of production as a function of labour and capital. Then it describes returns to labor and capital and so on. People who own capital get paid for that capital. It’s quite literally Economics 101.