how is supply and demand fake

Because firms prices barley respond to demand let alone supply

holy shit i need to take an economics course

i do not understand this shit

Economics isn't that hard

Philosophy is harder to me imo

i get philosophy

Like I myself don't believe in the LTV

but it has some merits

this is the opposite of true

No it is true LOL

Idk if you are an empiricist but I can give you empirical evidence

🥱 🥱 🥱 🥱

That's the sperg women on Twitter

He's probably going to link cockshott or smth

Nah

Cockshott is incapable at solving a lot

including the ECP

You'll see how good your economy is when you live in brazil

if something suddenly became scarce will the price for it go up or down

It will most likely go up a bit in the long run but studies have found that firms have shown to have their goods prices change only like 1 time to 4 times in a year. If the whole (((Neoclasikkkal)))and (((Austrian)))! theory of supply and demand was true then those prices would change way more than at the rate they are changing especially during recessions.

COVID is a good example of a demand shock that contradicts a lot of economists today.

ofc they do lol prices are only ever inflexible in the short term, no serious economist denies long term flexibility, especially during major shocks

No, they are inflexible even stretching to long-term at times as well. S&D is still fake & gay.

Look up CB+MU pricing

It's the main price method that new firms use today

are the prices stable in a depression

/big corporations

yes, in our current depression prices actually became steady and even rose a bit instead of going fully down

just because prices aren't changing much in a certain time span doesn't mean firms don't respond at all to supply and demand

They barley. I never said they didn't respond at all but they don't respond the majority of the time

Marx still had fake and gay theories about price too though

Price isn't decided by SNLT

lol no even during times of rigid prices s&d still apply and the current recession is proof - a shitton of business rationed goods (instead of immediately increasing prices) because the shortage of goods would've been even worse otherwise

All you've established is that during a recession most economists predict that prices will be affected more by demand than they are but that doesn't establish that supply and demand aren't the fundamental factors predicting people's economic activity

s&d has not been debunked - it has been augmented and expanded

if firms don't respond much to supply and demand then you can respond better and make more money

all of yall need the pussy theory of value lmao

why aren't you taking up this business opportunity

things like the labour theory of value are archaic theories that attempt to provide an objective measurement of value just like you raged at marginalism for with their marginal utility, obviously value is subjective not objective