The BSers of the world have united. The revolutionary result is mainstream economics..
Cheers, Ken Hanly ----- Original Message ----- From: "Michael Perelman" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Wednesday, August 04, 2004 11:38 AM Subject: Re: [PEN-L] What is the total wealth ? > Right, they should teach that marginal productivity theory created economic justice because > everybody got rewarded according to their marginal product. Sraffa proved that it was BS. > Samuelson and others attempted to refute him, but were unsuccessful. Solow said that it > was a tempest in a teapot. Now nobody cares, but they continue to teach the same BS. > > On Wed, Aug 04, 2004 at 12:07:17PM -0400, Doug Henwood wrote: > > > > Yeah, but nobody cares about that anymore. It was an obsession of > > some weirdos in England a generation ago, but we've moved beyond that > > now. > > > > Doug > > -- > Michael Perelman > Economics Department > California State University > Chico, CA 95929 > > Tel. 530-898-5321 > E-Mail michael at ecst.csuchico.edu
