On 2/17/06, Robert Scott Gassler <[EMAIL PROTECTED]> wrote: > The best teacher I ever had was Michael G. Hadjimichalakis ... Very > neoclassical, taught general equilibrium analysis. The best critiques of > neoclassical theory I ever heard were the caveats and limitations he > described in class. <
that's right. an honest treatment of general equilibrium theory suggests that it cannot exist (as currently theorized), because all of its assumptions are untrue. -- Jim Devine / Bust Big Brother Bush! "There are no whole truths; all truths are half-truths. It is trying to treat them as whole truths that plays the devil." -- Alfred North Whitehead