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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.

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?

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