Part 1, Chapter 4, The Politics of Economics, p. 57
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Proving that profit is economically and morally justifiable, rather then the result of exploitation, has been a central preoccupation of neoclassical economists.
— Jim Stanford
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Proving that profit is economically and morally justifiable, rather then the result of exploitation, has been a central preoccupation of neoclassical economists." in the context of "Part 1, Chapter 4, The Politics of Economics, p. 57" to mean that wisdom is timeless.
Source: Wikiquote: "Jim Stanford" (Sourced, Economics For Everyone (2008))
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About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.
About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.
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