“The third dimension of three-dimensional economics, change, suggests that studying economics also means studying history. The process of change in society cannot be understood without considering the past and how it changed, eventually becoming the present. Change in political economy may be contrasted with the static approach of conventional economics that freezes time at a moment.”

—  Samuel Bowles

Source: Understanding Capitalism: Competition, Command, and Change, 2005, p. 57

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Samuel Bowles10
American economist 1939

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