Anders Ekeland wrote: > For short: I have a lot of naive questions about the use of C-D in general > and also for this particular purpose. Is C-D really a valid approach to the > measuring the return on R&D? for short: No. I don't think C-D is a valid approach to _anything_. It's simply a very simple mathematical form that allows easy manipulation. Its success among economists is one more sign that they tend to become enamored with mathematical forms instead of trying to seriously study the economy. -- Jim Devine [EMAIL PROTECTED] & http://clawww.lmu.edu/Faculty/JDevine/jdevine.html
