• Kaplya
    ·
    edit-2
    11 months ago

    The same person can be a customer at Walmart, a worker at Walmart, and a shareholder/owner at Walmart.

    You laugh but this is literally the foundational model of microeconomics: dynamic stochastic general equilibrium that they have been teaching to every econ students for the past few decades.

    The economists around the world advising their governments have all been indoctrinated to some degree of this neoclassical belief.