Re: Budget deficits and GDP

On 26 Sep 2007 13:09:25 Lysander <lysander@xxxxxxxxxxx> wrote:
(Message ID: <46faa05f$0$11044$4c368faf@xxxxxxxxxxxxxx>)

The only reference that economist[s] make to a
neoclassical model is to Robert Solow's model of
economic growth.

On 11/30/2007 11:02:27 Lysander <lysander@xxxxxxxxxxx> wrote:

... the neoclassical model does not predict what I have shown...

On 11/30/2007 19:21:49 Lysander <lysander@xxxxxxxxxxx> wrote:

Rob
assumes I am talking about a labor market for the entire economy where
there is a homogeneous good and homogeneous labor. This is not the case
at all. This is a micro model where a firm produces a good and uses labor
and capital to produce it.

It is nice that John has finally retracted his incorrect statement
of 26 September. It would have been nicer if his retraction
was explicit.

--
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
.

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