Chris Auld defends yours truly against attacks from across the sea.
And, yes, I do know that the labor theory of value does not hold. The remark in my post was not meant to imply that one could not study economics for a long time without understanding it. Certainly, that has been done. What was meant was the Mr. Nadeau, busy learning about English, must of necessity bear the brunt of the temporal budget constraint, and so could not have possibly spent much time learning about economics, whether profitably or not.
Hat tip: Lars Skipper
Who was my favorite student this term?
1 year ago