🌐 Global Economy 10h ago · Alex Tabarrok

Capitalism and Modernity

Marginal Revolution
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Jesús Fernández-Villaverde, one of the few economists in the world equally at home solving stochastic dynamic optimization problems as with  sociological theory and history, has an excellent series of twitter posts on capitalism and modernity.
JFV:  I have been reading (and re-reading) a lot of social theory.
What strikes me is that most critics of “capitalism” (whatever “capitalism” might mean, and regardless of the value of those critiques) are really critics of modernity, understood as the or

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