Unholy Trinity : Labor , Capital , and Land in the New Economy

  title={Unholy Trinity : Labor , Capital , and Land in the New Economy},
  author={Duncan K. Foley},
My theme in these lectures is the capacity of the methods of the Classical political economists, Adam Smith, Thomas Malthus, David Ricardo, and their critic, Karl Marx, to reveal the self-organizing character of the capitalist economy regarded as a complex, adaptive, non-equilibrium system. From one point of view this is an exercise in anachronism, since the language of complex systems theory and its application to economic problems is only about forty years old, and it is implausible to claim… CONTINUE READING


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