AynCrap

Deirdre McCloskey is currently my favorite economist. McCloskey sums up the message of the first few chapters of her book Bourgeois Equality - our lives have been transformed for the better by modern economic growth; Going in to some depth about why that explosive economic growth actually happened; Interviewed by Dave Rubin; A fancy debate; Another fancy debate, this time for IQ Squared;

The labor theory theory employed by many anti-capitalists generally hinges on the Marxian unit of account called socially necessary abstract labor time - where abstract means average - because fuck Capital Volume Three's even worse quagmire of prices of production. This is fun and short; The following video deals with the Marxist rebuttal to the, admittedly half-baked, mud pie criticism. He points out here that it is only after a good is sold that one can begin looking back through time to try to figure out how many labor-points went in to it; This one's more lighthearted. Two t-shirts employ the same SNALT as each other but seel for different prices. One features Che Guevara, the other Milton Friedman. Different strokes - and therefore different prices - for different folks; Aaaaaand a more technical exposition of marginalism;