even for shadow prices on a macro level, such as the over-all rate at which we discount future costs and benefits?
On Nov 15, 2007 2:22 PM, <[EMAIL PROTECTED]> wrote: > Kantorovich did a lot of work on this at the Soviet Academy. He ended up > concluding that you really can't do without a system of market prices (and > required a bit of fast footwork to keep himself out of trouble for saying > so). The information requirement to set these shadow prices is too big.< -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
