The world’s best books – the dude oughta read more.
Das Kapital, anyone
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i, twit.
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{ 2 comments… read them below or add one }
It’s true. England does rule the world. And history.
If u wanna know if Das Kapital changed something, yeah it gave us symbol ‘K’ in economics for capital and reserved ‘C’ for consumption.
Mankiw wrote: “Marx prdicted that the return to capital would decline over time and that this would lead to economic and political crises. Economic history has not supported Marx’s prediction, which partly explains why we study Solow’s theory of (economic) growth rather than Marx’s.”