Wednesday, July 10, 2013

Looking back on it, it's easy to mock classical price theory and a heavy cost of production emphasis...

...but let's not be too hard on them.

Thank goodness for Marshall.


  1. Why does the price of gold collapse just because he gets 10 billion tons of it ? Seems like he could sell it slowly onto the market and get rich.

  2. I honestly don't understand why this is funny. Laplace reference = LOLZ? Not much of a setup to punchline connection.


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