Chapter
The Evolution of Economic Analysis
15:38 - 19:53 (04:14)
The podcast discusses how classical and neoclassical schools of economics have shaped the way we view capitalism and the concept of marginal utility.
Clips
A discussion on the source of wealth from soil and labor through the example of making a carriage.
15:38 - 17:04 (01:26)
Wealth
Summary
A discussion on the source of wealth from soil and labor through the example of making a carriage.
ChapterThe Evolution of Economic Analysis
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The classical school of economics that proselytized capitalism and criticized feudalism was then transformed into a critique of capitalism by Marx, leading to a defense of capitalism by the neoclassical school.
17:04 - 19:53 (02:48)
Economics
Summary
The classical school of economics that proselytized capitalism and criticized feudalism was then transformed into a critique of capitalism by Marx, leading to a defense of capitalism by the neoclassical school.