And it also just had some other basic unforgivables. Like taking a production possibilities graph and putting savings on one axis and consumption on the other and portraying the economy as operating on the curve and arguing higher Japanese saving led to higher economic growth. Something like that--but the idea was that causality runs from S to I and that there is a tradeoff between C and S and therefore C and I and assuming full employment. Mat On Wed, 3 Jun 1998 [EMAIL PROTECTED] wrote: > Baumol and Blinder was the text that first popularized Aggregate > Supply/Aggregate Demand, a sin for which they should rot in hell.
