Occasional Xs: Clueless economists / Profit (XVII)

 

#LearnEcon

“The understanding of capitalism as an economic system hinges on the correct answer to one question: How are profits made?” (Kirkenfeld)

The #ProfitTheory is false since #AdamSmith. Bc of this, #Economics is #FailedFakeScience to this day. ⇒https://t.co/IacIt9QL8v

— E.K-H (@AXECorg) December 11, 2023

Related 'The Profit Theory is False Since Adam Smith. What About the True Distribution Theory?' and 'The Three Fatal Mistakes of Yesterday Economics: Profit, I=S, Employment' and 'What is Wrong with Heterodox Economics? Kalecki’s Profit Theory as an Example' and 'Profit for Marxists' and 'Schumpeter and the Essence of Profit' and 'The Emergence of Profit and Interest in the Monetary Circuit' and 'When Ricardo Saw Profit, He Called It Rent: On the Vice of Parochial Realism' and 'Income Distribution, Profit, and Real Shares' and 'General Formal Foundations of the Virtuous Deficit–Profit Symmetry and the Vicious Debt Deflation' and 'The Coherency of Money, Profit, Price, and Distribution' and 'Matter Matters: Productivity, Profit, and Non-Marginal Factor Prices' and 'Debunking Squared'