this post was submitted on 11 Sep 2023
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So much of it feels downright...esoteric at times, like a bunch of magical rules and spells that are completely arbitrary and mysterious. The sheer amount of bending over backwards economics do to try and explain away stuff like the labour theory of value is astonishing.
Yea, you’ve just got to ignore all that stuff and look at it through a materialistic lens; look at how it’s used in accounting and business.
Like "perfect competition" 😂. Tbf i think even M. Friedman debunked perfect competition.