> I'm starting to wonder about my sanity in re: the pile-up
> of gross distortions of n-c theory in the past week.
>
> ___
> CB: From Martha Gimenez's homepage
(http://csf.colorado.edu/gimenez/):
>
> "It seems that the "neoclassical paradigm"--the HIV virus
of economics- --has spread and i
At 01:29 PM 6/30/00 -0700, you wrote:
>The straw breaking the proverbial camel's back was the stuff about
>methodological individualism as the fallacious root of fallacious
>econ. Evidently some critics gloss over the fact that macro-theory is
>not based on "adding up" the decisions of indivi
>>> [EMAIL PROTECTED] 07/01/00 02:22AM >>>
> >>> [EMAIL PROTECTED] 06/30/00 04:29PM >>>
> I'm starting to wonder about my sanity in re: the pile-up
> of gross distortions of n-c theory in the past week.
>
> ___
> CB: From Martha Gimenez's homepage
(http://csf.colorado.edu/gimenez/):
>
> "It
> >>> [EMAIL PROTECTED] 06/30/00 04:29PM >>>
> I'm starting to wonder about my sanity in re: the pile-up
> of gross distortions of n-c theory in the past week.
>
> ___
> CB: From Martha Gimenez's homepage
(http://csf.colorado.edu/gimenez/):
>
> "It seems that the "neoclassical paradigm"--the H
>>> [EMAIL PROTECTED] 06/30/00 04:29PM >>>
I'm starting to wonder about my sanity in re: the pile-up
of gross distortions of n-c theory in the past week.
___
CB: From Martha Gimenez's homepage (http://csf.colorado.edu/gimenez/):
"It seems that the "neoclassical paradigm"--the HIV virus of
Since it was me who wrote this I will respond. Max is right that in a
partial equilibrium model, the welfare of others can be included as a
variable in a utility function. But if it is done in a general
equilibrium model, the number of variables exceeds the number of
equations and there is no uniq
I'm starting to wonder about my sanity in re: the pile-up
of gross distortions of n-c theory in the past week.
This is not to say there are legions of things to criticize
in NC theory, but I have to wonder what sort of picture
people have gotten (or devised by themselves).
I'm no theoretical wiz
