Occasional Tweets: Economists never understood what profit is

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

The most important financial algorithm is the #ProfitLaw Q≡(I−S)+(G−T)+(X−M)+Yd and from Ricardo onward #Economists don't get it.

Ricardo, too, got profit theory wronghttps://t.co/hAbgvDcx17

— E.K-H (@AXECorg) August 1, 2021

For details of the big picture see cross-references Profit/Distribution.