Advanced Political Economy – Lecture 3
Jun21
on June 21, 2012
at 4:45 pm
Below is Lecture 3 from Steve’s Advanced Political Economy class at the University of Western Sydney. The class offers an in depth critique of the failures of neoclassical theories, as well as detailing my approach to a new economics.
Lecture 3 – Neoclassical Production Fallacies
Discussion (3) ¬
Kornai = Nascent Distributist
The system is unstable by its nature (Wheee! Life is an adventure once again!
) AND its also not stable because accounting conventions cannot be overcome. 
However, if one is not a market purist and has an ounce of pragmatism and empathy in their being they just agree to disburse the appropriate calculated amount to individuals needed to statistically, monetarily and mathematically balance things……and smiles once again break out all over.