The mathematical economists are therefore framing assumptions which are admittedly false or partly false, but which they hope can serve as useful approximations, as they would in physics. The important thing is not to be intimidated by the mathematical trappings.
It comes down to the question of which is more fundamental to the Marxist worldview: its polylogism or its exploitation theory. A major job of the Hoppean project is to toss out the former while retaining a version of the latter in a way that can be used against the state and its interests.
But the mere desire to be free has never saved any people who did not know and establish the things on which freedom depends — and these are the things of religion.
The “miracle” of Germany’s revival was not the result of a conscious rejection of socialism, but was rather an accident of politi
Central bank's and government's loose monetary and fiscal policies are instrumental in the weakening of the process of real savings formation through the diversion of real savings from wealth generators to non-wealth-generating activities.
"The key thing is that the price of producer goods has to fall faster and farther than consumer goods for the correction process to proceed."
The choice at base, therefore, is whether the world shall go back to the principle of freedom (not necessarily the conditions) of pre-1914, which unhappily no one under forty years of age remembers, or on to closer confinement in captivity as the socialistic system develops.
