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.

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5 comments:

  1. Rob RawlingsJuly 10, 2013 at 10:56 AM

    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.

    ReplyDelete
  2. Bob MurphyJuly 10, 2013 at 12:15 PM

    Heh that's funny.

    ReplyDelete
  3. Blue AuroraJuly 10, 2013 at 12:42 PM

    LMAO.

    ReplyDelete
  4. John SJuly 10, 2013 at 6:35 PM

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

    ReplyDelete

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