Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Economics is not a model, it's a theology - which is to say it's a lie used to maintain and promote power.

You can make economic models that describe reality, but they still accept the standard assumptions of resource scarcity and competitive acquisition.

I'm not aware of any models that try to quantify the productive value lost to the world economy by these assumptions. (I'd estimate the equivalent of many trillions every year, at least.)

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Mar 21st, 2014 at 02:04:19 PM EST
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