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If you want to change a system, it is helpful to have a name for it. Apparently, Louis Blanc created the word 'capitalism':
"It is worth noting here that Mill never uses the term 'capitalism,' though later commentators have been happy to use it on his behalf in describing his views. Blanc is generally credited with the first use of the term in our modern meaning (in hi...Defenders of capitalism, whether of a liberal reformist or of a more conservative variety, portray it as harmonious, in some sense. One aspect of this portrayal is that under ideal conditions, at least, markets tend to clear. This supposed tendency must apply especially to the labor market. Another aspect, put aside in this post, is the obsolete and explopoded marginal produ...
This post lists capital-theory 'paradoxes' or 'perversities'. The label of 'paradox' or 'perverse' merely indicates that they are inconsistent with traditional marginalist theory. I think of the following:
1.0 Introduction
This post puts forth two research questions that I think I will never get to. And it puts forth one I have started on.
2.0 Is the Order of Efficiency Well-Defined with Mutliple Agricultural Commodities?I have worked through an href="http://robertvienneau.blogspot.com/2025/09/absolute-rent-extensive-rent-and.html" target="_blank" re...
