In John Weeks's book, A Critique of Neoclassical Macroeconomics, he analyses the macro effects on reswitching. has anyone elase done this on the macro level.
Jim Devine <[EMAIL PROTECTED]> wrote:
one big problem with the Sraffa tradition (that of reswitching, not
the early stuff) is that it is highly dependent on the assumption of
equilibrium. That is, the equilibrium points are knife-edges,
unstable, which makes them inappropriate for most empirical work. This
is unlike the neoclassical tradition, in which the assumption of
smooth curves allows the attainment of a new equilibrium after an old
one has been disturbed. However, it is appropriate to use Sraffian
equilibrium models to criticize neoclassical (or other) equilibrium
models. It is the latter where Sraffa has been most successful.
On 5/16/06, Michael Perelman <[EMAIL PROTECTED]>wrote:
> Recently, Paul raised the question of empirical work in the Sraffa
> tradition. He might be interested in a post on my blog:
>
> http://robertvienneau.blogspot.com/2006/05/empirical-evidence-exists-
> on-sraffa_16.html
>
> Yours,
> Robert Vienneau
>
>
>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
>
--
Jim Devine / "the world still seems stuck in greed-lock, ruled by
fossilized fools fueled by fossil fuels." -- Swami Beyondananda
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