/lit/ - Literature

The Old Testament

>>21941750
I guess Kroptokin if we're gonna be real

>>21941750
What exactly do you mean by "supply and demand"? There's obviously a supply of things and some sort of demand and that could mean different things.
If you mean marginalist price theory it's unfalsifiable since you can draw a curve to rationalize any possible price so that's "epistemologically" "problematic".
There's a lot of emperical work on how firms set prices and they all basically end up proving that most prices are administered in advanced economies... just look for the terms mark-up prices, average cost prices, full cost prices, normal cost prices, cost-plus prices in academic articles.
https://en.wikipedia.org/wiki/Administered_prices

https://ideas.repec.org/a/ijc/ijcjou/y2006q3a1.html
https://www.justice.gov/atr/who-are-you-calling-irrational-marginal-costs-variable-costs-and-pricing-practices-firms
http://www.bankofcanada.ca/2006/09/publications/research/working-paper-2006-35/


Also Joan Robinson:
http://digamo.free.fr/ecophilo.pdf

>>21941750
jej .

>>21941750
Look into different schools. They are not refuting or critical of supply and demand, as it is a pretty generic concpet. But there are different interpretations of the mechanisms behind:

Mainstream
Neoclassic
post-keynesian
Austrian

>>21941847
A nice idea for a change.

>>21941750
Supply and demand are clearly real though, some people supply products and some others demand the products. How do you "refute" this?

>>21944050
"products" don't exist

>>21942279
>post keynesian Joan Robinson

>>21944056
Proof?

>>21941750
Nitzan J., Bichler Sh. - Capital as Power (2009) (pic related)
Fix B. - Rethinking economic growth theory from a biophysical perspective (2015)
Keen S. - Debunking Economics. The Naked Emperor Dethroned (2011)

Also, this:
https://www.youtube.com/watch?v=LsUS3ynhAKY

>>21944062
>he doesn't know
it's not my job to educate you

>>21944062