Sandwichman wrote: > there > is no such sensuous real-world thing as "aggregate demand." Aggregate demand > is an analytical concept (as is excess capacity). They have their uses
_of course_ "aggregate demand" and "excess capacity" are analytical concepts, i.e., abstractions rather than empirical (sensuous) things. "Optimal hours of labor" and "technological progress" are also abstractions. But no-one could think without abstractions. -- Jim Devine / "In an ugly and unhappy world the richest man can purchase nothing but ugliness and unhappiness." -- George Bernard Shaw _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
