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1. www.nasdaq.com › articles › fatal-flaws-in-modern-monetary-theoryFatal Flaws in Modern Monetary Theory | Nasdaq

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   Vor 4 Stunden · Modern Monetary Theory’s foundational principles and policy implications contain critical flaws. These range from its incoherent theory of value and reliance on circular fiscal policy logic, to ...

2. clearthinking.substack.com › p › the-value-principleThe Value Principle - by Jim Berger - Language and Logic

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   Vor 3 Tagen · Value either gets put into the item or exists because of its nature. Intrinsic value theories share a fatal flaw, they all depend on their situation, by whom and where the item gets used. The measures of value seem to vary along with the names of the theories. Many share the logically inconsistent assumption that money measures value. In other ...

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     Intro to Theory of Values | Chapter 1

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4. www.reddit.com › r › AskEconomicsCan the disutility of labor be at all factored into a Sraffian...

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   Now, most of the explanations of sraffa's theory of value that I have seen tend to treat labor as homogenous and allow for a single wage rate. But clearly, this is not the actual case in a modern economy. Sraffian theory can account for this by adding on a different type of labor as input. so instead of : (1+r) * (p_a*A_a + p_b*B_b) + wL = p_a*A

5. en.wikipedia.org › wiki › Friedrich_HayekFriedrich Hayek - Wikipedia

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   Vor einem Tag · Hayek is widely recognised for having introduced the time dimension to the equilibrium construction and for his key role in helping inspire the fields of growth theory, information economics and the theory of spontaneous order.

   • Citizenship: Austrian (1899–1938), British (1938–1992)

   • School or tradition: Austrian School

6. en.wikipedia.org › wiki › John_Stuart_MillJohn Stuart Mill - Wikipedia

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   Vor 3 Tagen · John Stuart Mill (20 May 1806 – 7 May 1873) [1] was an English philosopher, political economist, politician and civil servant. One of the most influential thinkers in the history of liberalism, he contributed widely to social theory, political theory, and political economy.

   • Alma mater: University College London

   • Political party: Liberal

7. cryptodaily.co.uk › news-in-crypto › bitcoinmagazine:fatalFatal Flaws in Modern Monetary Theory - Crypto Daily

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   Vor 18 Stunden · Modern Monetary Theory’s foundational principles and policy implications contain critical flaws. These range from its incoherent theory of value and reliance on circular fiscal policy logic, to its failure in competitive international currency markets and unworkable resource allocation strategies. Each of these risks could have profound ...

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9. learn.saylor.org › mod › bookKeynes and Classical Economics - Saylor Academy

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   Vor einem Tag · Robinson's early contributions tended to be fundamental extensions of Neoclassical theory, such as her expository article on the Neoclassical marginal productivity theory of distribution. However she made a quick turnaround, prompted by Keynes' General Theory .