Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
... when left idle, rather than actually being "withdrawn" to another purpose.

Treating natural resources as a form of real capital is an absurdity ... and it has been argued in ET recently, that an important impetus behind the development of neoclassical economics was precisely to promulgate that absurdity ... so it may well be that the absurdities of "putty capital" assumptions, so completely destroyed by Sraffa's argument, are side-effects of the original absurdity that could be said to be a design feature (from the perspective of vested interests threatened by Georgist Economics), rather than a design flaw.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Apr 1st, 2009 at 12:45:48 PM EST
[ Parent ]

Others have rated this comment as follows:

Carrie 4

Display:

Occasional Series