First, I’m looking for a general definition of the term, and how it’s applied to economics. Second, my Marxian professor claimed that reproduction schemes are used by both the socialists and Austrians (but not by mainstream neo-classical economists), and yet I can’t remember any mention of it in anything I’ve read.
anyone?
Reproduction. Like Eugenics, sex?
Probably not… I googled it, but only Marxist shit came up.
Yes, but you are talking about population control right?
What you are talking about is Marx’s theory of reoccurring necessity for labor and trade for sustained human living. It is in Das Capital Volume III
Thanks
Hmm, I don’t get it; and what does it have to do with Austrians economics?
Eh I don’t know. I’m a historian, I’m just starting to get into the ‘micro’ section of Austrian economics.