"You see, that motivates firms to innovate and become more efficient. Those savings are reaped by society. What? Justice and distribution? Innovation is not always productive but can include rent seeking and anti-competitve practices instead of efficiency? No no, those are questions for the political science or philosophy department. We're a descriptive discipline, not normative. Now let's get back to how cost-effective it is to deprive the poor."
Suuuure.
Also, this is why I don’t wanna take any econ classes. All the profs/students seem real annoying.
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"Falling rate of profit? Never heard of her."
"You see, that motivates firms to innovate and become more efficient. Those savings are reaped by society. What? Justice and distribution? Innovation is not always productive but can include rent seeking and anti-competitve practices instead of efficiency? No no, those are questions for the political science or philosophy department. We're a descriptive discipline, not normative. Now let's get back to how cost-effective it is to deprive the poor."