I half way agree with Fred. The theory obscures essential parts of the economy. A good number of us analyzed this beforehand -- many on this list, but we did it in spite of formal economic theory.
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
