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Neoclassical economics (and generally mainstream economics) considers the maximization of profits of firms as a presupposition for the economic equilibrium. Yet, according to its own equilibrium...
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Dear colleagues, It is amazing how much neoclassical and today's mainstream economics are based on a misinterpretation of a Cournot's price stability condition, which remained undiscovered till...
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Economic theory, which is based on the Neoclassical theory, contains mathematical errors that have the effect of leading to a market price in perfect competition equal to the minimum cost of each...
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