"A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it."
M. Planck
Farewell Vicky Chick - by Steve Keen
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economics #
politics #
capitalismThe Neoclassical model is a utopia because it asserts that people earn what they deserve—their "marginal product"—while also getting what they want from the system—they "maximize their utility" subject to their budget constraints. Even when the real world departs wildly from this textbook vision, the desire to believe overwhelms the desire to understand.
https://profstevekeen.substack.com/p/farewell-vicky-chick
