The history of economic thought is the history of scientific failure. #AdamSmith NEVER understood what #Profit is and how the economic #System works. Bc the foundational concepts are inconsistent the whole of #Economics is scientifically worthless to this day. pic.twitter.com/lLelaAUAOB
— E.K-H (@AXECorg) December 29, 2023
For details of the big picture see cross-references Political Economics/Stupidity/Corruption.