<---Capitalism (which I can't really define) creates technological development. Lol.https://twitter.com/Outsideness/status/866863872640155648 …
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Replying to @Neoabsolutism
Read Böhm-Bawerk and stop embarrassing yourself. "Round-about production" is capitalism, in both its technological and financial sense.
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Replying to @Outsideness
Please, this attempt to universalise and de-historicise the concept of capitalism is a squalid fraud.
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Replying to @Neoabsolutism @Outsideness
Well let's put it this way. Is supply and demand a useful concept? How about the marginal revolution? Baby steps.
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Replying to @i_contemplate_ @Outsideness
When you cannot even define the terms to be discussed, discussion is going to be totally worthless.
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Replying to @Neoabsolutism @Outsideness
Forget the bogey of 'capitalism' this is why we start small. Supply and demand, thinking on the margin, the price system above that etc.
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Replying to @i_contemplate_ @Neoabsolutism
There's no smooth theoretical path from elementary commercial concepts to the phenomenon of technology. ...
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... You can try trade --> specialization --> roundabout production, but that's getting the cart before the horse. ...
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Replying to @Outsideness @Neoabsolutism
Isn't that your minority perspective? not disputing, just checking.
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The opposite is neoclassical magical thinking. "We really want something, demonstrably, ergo it will exist."
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