• davel [he/him]@hexbear.net
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    1 year ago

    neoclassical economics was discredited nearly a century ago during the Great Depression

    And they’ve replaced it with neoliberal economics, which is even wronger.

    • PolandIsAStateOfMind@lemmygrad.ml
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      1 year ago

      Marx wrote in Capital that basically entire classical economy since John Stuart Mill junior was reactionary intellectual masturbation focused on denying the LTV. And fast forward 150 years and it’s exactly right, pre-Marx proponents of LTV are almost entirely forgotten and Marx is painted as literal Satan and anathema to all that is good and proper in economy, because they weren’t able to silence his writings.