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- W2495768993 abstract "Neo-Classical theory is a Story for the Faithful. Those of us outside the Flock, in our unguarded moments, tend to regard it in much the same way Betrand Russell saw theology, and with about the same respect. Of course, as professionals with sober expressions, we will solemnly discuss competitive equilibrium and the elasticity of the marginal product curve, as of old we might have disputed whether or not God, being omnipotent, could make a stone too heavy for Himself to lift. Neither in economic nor in natural theology are the questions easily resolved; disputes are intricate, intellectually fascinating, and, as formal logic, often aesthetically delightful. But quite meaningless. Time and effort spent on the fine points of neo-Classical theory appear to Heretics a shocking waste of scarce intellectual resources.KeywordsIncome DistributionCapital GoodFull EmploymentPerfect CompetitionMoney WageThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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- W2495768993 date "1992-01-01" @default.
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- W2495768993 title "The Theory of Income Distribution" @default.
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