It's relevant that Keynes doesn't condemn, here, the use of mathematics
in economics (as for him, he rather liked to have recourse to them up to
tautology), but that he implicitly accuses the lack of a conceptual
basis in economics, so much so that "the back of the head" is nothing
but a rough
Ajit Sinha wrote:
In my opinion, this is a common mistake commited by Marxist scholars. Since
profit in capitalism is seen as resulting from the exploitation of labor, it
does not mean that an economy with labor input being zero (i.e. 100%
mechanized production process) would necessarily
In my opinion, there is another reason why markets never had such an
importance as the one which is given them today : from a macroeconomic
point of vue, markets are only a second order mediation. In the National
Accounts, markets appear only, and as a result, under the foreign trade
balance
