Marx held that to understand the fundamental relationships of capitalism, one had to look at the sphere
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Question:
Marx held that to understand the fundamental relationships of capitalism, one had to look at the sphere of production rather than the sphere of exchange. Why?
Who is homo economicus? What is she interested in? How do the marginalists use homo economicus to build their models of the economy? Is this approach an example methodological individualism? Why or why not?
Expert Answer:
Marx emphasized the sphere of production over the sphere of exchange because he believed that the fu... View the full answer
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