I think it would be more accurate to say there is no *realistic* kernel to the opportunity cost idea. Within the fantasy scenarios constructed by neoclassical economics, the concept of opportunity cost keeps the rational gears grinding coherently, albeit artificially, along. Maybe that's all they're supposed to do.
On Sun, Mar 10, 2013 at 5:43 PM, Fred Moseley <[email protected]>wrote: > > > Jurrian, I don’t think there is a “rational kernel” to the “opportunity > cost of capital”. I think this concept is rather an irrational > ideological concept that hides this crucial emptiness of neoclassical > economics (no theory of profit), that we should expose every chance we get. > > > -- Cheers, Tom Walker (Sandwichman)
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
