Justin writes:
>"I like the book, but I _do_ buy the old Austrian take on the calculation
problem, no "almost" about it. -jks"
me:
the socialist "calculation" debate was not about socialism versus capitalism,
it was about whether or not neoclassical economics could apply to a "socialist"
econ
but we also see how the 'normal' relation between discount rates and optimal
exploitation of resources can be violated in dynamic models in which resources
are permitted to interact. Willi Semmler (with one of his mathematics
co-authors) has a paper on this--it is analogous to reswitching.
-O
PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Wednesday, February 07, 2001 11:58 AM
Subject: [PEN-L:7851] Re: Re: RE: Re: RE: Critique of mathematical economics
On 7 Feb 01, at 8:44, Jim Devine wrote:
>
> I believe Debreu doesn't care enough about reality to d
http://minneapolisfed.org/pubs/region/int9512.html
Interview with Kenneth Arrow
Region: In 1978, you wrote an article for Dissent titled 'A Cautious Case
for Socialism.' Given the recent changes in the Soviet Republic, would you
now make a 'cautious case for capitalism'?
Arrow: I should start by s
o:[EMAIL PROTECTED]]
Sent: Wednesday, February 07, 2001 11:09 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:7851] Re: Re: RE: Re: RE: Critique of mathematical
economics
On 7 Feb 01, at 8:44, Jim Devine wrote:
>
> I believe Debreu doesn't care enough about reality to deal with such issues.
>
On 7 Feb 01, at 8:44, Jim Devine wrote:
>
> I believe Debreu doesn't care enough about reality to deal with such issues.
>
> Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
>
Jim,
Didn't I hear somewhere that Debreu when he accepted his Nobel
(sic) he said that he developed
