That's part of it. Honestly, treating all barter interactions like a spot market, just so an economist can deny dynamism? That fallacy lies at the heart of neoclassical fail.
Google "Steve Keen debtwatch" for a really insightful economist, one that doesn't ignore debt in the economy as athe dynamic element. I give a rundown on some of his points here (http://talk-politics.livejournal.com/1429322.html). It's another wonky speech, like the one in your OP, but also with some media presence.
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Date: 4/5/12 19:47 (UTC)Google "Steve Keen debtwatch" for a really insightful economist, one that doesn't ignore debt in the economy as
athe dynamic element. I give a rundown on some of his points here (http://talk-politics.livejournal.com/1429322.html). It's another wonky speech, like the one in your OP, but also with some media presence.