#DearIdiots#LearnEconomics— E.K-H (@AXECorg) September 27, 2021
Did you notice that macroeconomic #Profit does not appear in the #CircularFlow graph? This tells one immediately that the St. Louis Fed's #EmploymentTheory, too, is proto-scientific garbage.
Macrofounded labor market theoryhttps://t.co/h4EyEowDni pic.twitter.com/0iGjf7M2tV
September 27, 2021
Occasional Tweets: The St. Louis Fed gets profit and employment theory wrong
Related 'Fatal defects of profit and market theory' and 'Buridan’s ass economics' and 'The Emergence of Profit and Interest in the Monetary Circuit' and 'History and future of the monetary economy'.
For more about employment see AXECquery.
For more about profit see AXECquery.
For more about lump of labour see AXECquery.