Comment on Ask HN: How would you formalize a time-based macroeconomic model?Comments−bwestergard8moThis text is based on a misreading of Karl Marx's position, but does effectively illustrate why attempts to coordinate economic life through labor time as a unit of account will not work.https://cdn.mises.org/Karl%20Marx%20and%20the%20Close%20of%2...
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This text is based on a misreading of Karl Marx's position, but does effectively illustrate why attempts to coordinate economic life through labor time as a unit of account will not work.
https://cdn.mises.org/Karl%20Marx%20and%20the%20Close%20of%2...