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"If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up."

— Michael Hudson
michael hudson Quotes Payment,Investment,Proportion

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Michael Hudson
Payment
Investment
Proportion
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Income
Gross Domestic Product

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Economics was like psychology, a pseudoscience trying to hide that fact with intense theoretical hyperelaboration. And gross domestic product was one of those unfortunate measurement concepts, like inches or the British thermal unit, that ought to have been retired long before.

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