Re: Budget deficits and GDP

On Nov 29, 5:57 pm, Robert Vienneau <rv...@xxxxxxxxxxxxxxxxxxxxxx>
wrote:
On 11/28/2007 12:41:39 dekka <eddiepy...@xxxxxxxxx> wrote:

Lysander, thank you very much for taking the time to write all this.

I can see why you are thanking John. I hope you are amused by the
subsequent conversation, if you can call it that.

--
Whether strength of body or of mind, or wisdom, or virtue,
are found in proportion to the power or wealth of a man is
a question fit perhaps to be discussed by slaves in the
hearing of their masters, but highly unbecoming to
reasonable and free men in search of the truth.
-- Jean Jacques Rousseau




Resulting to personal attacks does not change the fact that Rob did
not know the neoclassical model of labor markets can predict that
labor will increase will wages increase in the long run or that the r
in the model is the opportunity cost of capital and not the interest
rate. Rob is not capable of having an intellectual discussion. He only
wants to have discussions with people who will agree with him and not
ask any tough questions. Sounds a lot like Hillary Clinton to me. This
is very much like Bill attacking Tim Russert for asking a question
that Hillary had no answer to.
.

Relevant Pages

  • Re: Budget deficits and GDP
    ... Oh no Rob wants different letters capitalized. ... Which is beyond the scope of the idea of a labor model. ... You are trying to make this a macro model. ... move to the realm of macro economics. ...
    (sci.econ)
  • Re: Budget deficits and GDP
    ... Keynes that he believed this to be true... ... Rob does not realize r is not the interest rate. ... THAT THE NEOCLASSICAL LABOR MODEL HAD NO CLEAR PREDICITION IN THE LONG ... does not hold because Rob was wrong about the model's prediction. ...
    (sci.econ)
  • Re: Budget deficits and GDP
    ... He claimed he showed the neoclassical model was wrong ... Again it proves Rob does not understand the neoclassical ... political dogma. ... Is mainstream economics the dragon and do you fancy ...
    (sci.econ)
  • Re: Budget deficits and GDP
    ... No Rob can't read and has no understanding of the model. ... the prediction is not derived. ... labor when wages rise in the long run. ... If labor demand is constant then an increase in the wage ...
    (sci.econ)
  • Re: Budget deficits and GDP
    ... He claimed he showed the neoclassical model was wrong because ... Rob has made this claim in other threads. ... pointing out that Rob has a very selected "education" in economics. ... cost of capital was the opportunity cost of capital. ...
    (sci.econ)