Occasional Tweets: To this day, economists have no idea what profit is and how the economy works

 

#Economics#FailedFakeScience

The #ProfitTheory is false since Adam Smith.

The correct macroeconomic #LawOfSupplyAndDemand and the #ProfitLaw tell one exactly how #Price P and #Profit Qm increase as a function of #DeficitSpendingMoneyCreation i.e. the expenditure ratio ρE. pic.twitter.com/sAxdi1spXL

— E.K-H (@AXECorg) December 19, 2022

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