"Add in [Chicago economists'] ideological attachment to the nonsensical ideas that the marginal productivity of labor or capital measures its causal role, and therefore its moral right to a proportional slice of the profits, and you easily slip from Laissez-faire 'science' to 'trickle down' political philosophy."(Rosenberg's views remind me of this comment.) The nonsense isn't limited to Chicago. I have seen positive references to Rosenberg's book, Economics: Mathematical Politics or Science of Diminishing Returns, but I have not read it.
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12 years ago
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