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Again on supply and demand - a critique of Marshall
Автор: Paul Cockshott
Загружено: 2020-04-05
Просмотров: 13598
Описание:
I look at the a standard supply and demand theory of price that students are taught and show that it does not meet the basic criterion required of a scientific theory because it has many more free variables than observables.
It is thus consistent with any observation and untestable.
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