Monday, April 08, 2013

Simply Because an Exchange Happened on a Market...

doesn't mean it is just!

I have been suggesting Aristotle's views on exchange and marginalist economics are not really at odds with each other to the extent that people typically think they are. (Menger was, after all, an Aristotelian!) It is good to see others reaching the same conclusion.

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"If your approach to mathematics is mechanical not mystical, you're not going to go anywhere." -- Nassim Nicholas Taleb