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About: Econodynamics     Goto   Sponge   NotDistinct   Permalink

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Econodynamics is an empirical science that studies emergences, motion and disappearance of value—a specific concept that is used for description of the processes of creation and distribution of wealth. Any economic theory deals with the interpretation of economic processes based on the law of production of value, and various scientific approaches differ in the choice of factors of production that determine, in the end, the creation of wealth. Marxists insist that only labor creates value, neoclassicists believe that, in addition to labor, capital must also be taken into account as the important source of value. Econodynamics demonstrates that the statement about the productive power of capital is a hoax that hides the real role of labor and energy in the production of value. Econodynamics