I would say that K/PK theory(aggregates) and A/Libertarian theory(Actions) both fail the balance sheet test for different reasons, and that full accounting of changes in capital over consumption correctly positions both as empirical aggregates vs logical constructions.
Source date (UTC): 2020-03-22 18:46:00 UTC
Original post: https://twitter.com/i/web/status/1241798299717373957
Reply addressees: @Lord_Keynes2
Replying to: https://twitter.com/i/web/status/1241797576447397890
IN REPLY TO:
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@Lord_Keynes2 Not that I’m disagreeing but I’m not sure what you’re referring to. Imputation? Stickiness? Preservation of sustainable networks of specialization and trade? idealization of the commodity to signaling scale? The neutrality/non of money? The time between supply change and prices?
Original post: https://x.com/i/web/status/1241797576447397890
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