RE: Re: Re: Re: Re: Re: intro macro text

2000-08-31 Thread Max Sawicky
Works for me. mbs Jim, Not bad. Pretty close to what I do. Next time I go out with you and Peter Dorman and Max Sawicky, I shall call us all by code names beginning with H. You'll be "Holy Father," Peter will be "Hoffman," Max will be "Hoffa," and I'll be "Horse Thief," :-). Bark

Re: Re: Re: Re: Re: Re: intro macro text

2000-08-31 Thread michael
Because AD does not exist in Keynes in the same form. > > Michael, > What you find in Chapter 21, Section IV of > the General Theory is indeed the AS/AD that > one finds in the textbooks, especially on pp. 300-303. > It is true that in this discussion he does not use > the terms "aggregate

Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-28 Thread Peter Dorman
I really think it's only important for teachers. AS/AD per se is irrelevant to debates outside the classroom, although some of the issues that are raised around AS/AD (how do foreign exchange markets work, when do bottlenecks kick in, etc.) are pertinent. But you can -- and do -- talk about thes

Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-28 Thread J. Barkley Rosser, Jr.
ssage- From: Doug Henwood <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] <[EMAIL PROTECTED]> Date: Monday, August 28, 2000 7:11 PM Subject: [PEN-L:916] Re: Re: Re: Re: Re: Re: Re: Re: Re: intro macro text >Why is this AS/AD debate important? > >Doug > >

Re: Re: Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-28 Thread Doug Henwood
Why is this AS/AD debate important? Doug

Re: Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-28 Thread Peter Dorman
I was really hoping not to get sucked back into the debate we had long ago, but... International substitution: downward-sloping AD, I guess, but only if you don't have PPP. Also, much would depend on how open the economy is: how much mileage do you get from international substitution in the US?

Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-28 Thread J. Barkley Rosser, Jr.
t;[EMAIL PROTECTED]> To: [EMAIL PROTECTED] <[EMAIL PROTECTED]> Date: Monday, August 28, 2000 5:52 PM Subject: [PEN-L:904] Re: Re: Re: Re: Re: Re: intro macro text >The problem with AS/AD is that, in the best scenario, it is predicated on ad >hoc assumptions that may or may not hold in an

Re: Re: Re: Re: Re: Re: intro macro text

2000-08-28 Thread Peter Dorman
The problem with AS/AD is that, in the best scenario, it is predicated on ad hoc assumptions that may or may not hold in any particular historical situation -- that is, they are not logically required. In the bad scenario, the curves are justified by incoherent arguments that suffer from fallacy

Re: Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread Jim Devine
At 02:33 PM 08/25/2000 -0400, you wrote: >Thanks. Any you can recommend? (The Galbraith and Darity is out of print >and not in my library.) are there _any_ good intermediate macro books out there? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine "Is it peace or is it Prozac?" -

Re: Re: Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread Jim Devine
At 03:11 PM 08/25/2000 -0400, you wrote: >I had adopted Colander, but just since >sending out the last message finally got a copy and >took a close look at it. He has removed all kinds >of things like problems of less developed countries. >I must say, I am very disappointed. Will not use it agai

Re: Re: Re: RE: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread Peter Dorman
The dissenting mainstreamish texts (Fusfeld, Shepherd) have all been extinguished. I found Colander very difficult to use -- he goes off on tangents and pontificates too much. That may work well in his classroom, but it doesn't work well with *my* tangents and pontifications... Peter [EMAIL

Re: Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread J. Barkley Rosser, Jr.
what to say :-(. Barkley Rosser -Original Message- From: [EMAIL PROTECTED] <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] <[EMAIL PROTECTED]> Date: Friday, August 25, 2000 2:34 PM Subject: [PEN-L:843] Re: Re: Re: Re: Re: Re: Re: intro macro text >Thanks. Any you can recom

Re: Re: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread christian11
Thanks. Any you can recommend? (The Galbraith and Darity is out of print and not in my library.) -Christian [EMAIL PROTECTED] wrote: > Christian, Major vomitorium. This is the book by a "Keynesian" that reduces Keynes to a few boxes in the back. It is all pure New Classical growth theo

Re: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread J. Barkley Rosser, Jr.
Christian, Major vomitorium. This is the book by a "Keynesian" that reduces Keynes to a few boxes in the back. It is all pure New Classical growth theory, the most stupid orthodoxy brought down to the intro level. Even though at the graduate and research levels, people are moving beyond t

Re: Re: RE: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread jdevine
I think Peter D is looking for a textbook like Colander's which has a different view of AS/AD, one that's more respectable intellectually. Unfortunately, the most recent edition "surrenders" on this issue. It might still be good. Fusfeld used to have a textbook with the K-cross instead of AS/A

Re: RE: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread michael
Mankiw is pure fluff. He got a $1 million bonus to write it. It gives the students a sense that they are going to learn something profound, but then he just waves his hand. Students like it because it is not very meaty. They are vegetarians -- at least here in Ca. > > > What do folks think

RE: Re: Re: Re: Re: Re: intro macro text

2000-08-25 Thread Max Sawicky
What do folks think of N. Gregory Mankiw's Macro book? It got raves on Amazon.Christian I've got it. Picked it up for free at the AEA meetings. When I searched thru it for a discussion of GDP accounting, I could find nothing. Which is not promising, IMO. mbs