Summary:
Nothing new but it's worth restating from time to time. Ergodicity for one thing, simplicity for another.There is something truly odd about any economist who lives wholly in the world of equilibrium. Truly odd. Just think of what they have to assume to get thereThe Radford Free PressSameness is Just WrongPeter RadfordRelatedLars P. Syll’s BlogThe leap of generalizationLars P. Syll | Professor, Malmo University
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Mike Norman considers the following as important:
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Nothing new but it's worth restating from time to time. Ergodicity for one thing, simplicity for another.There is something truly odd about any economist who lives wholly in the world of equilibrium. Truly odd. Just think of what they have to assume to get thereThe Radford Free PressSameness is Just WrongPeter RadfordRelatedLars P. Syll’s BlogThe leap of generalizationLars P. Syll | Professor, Malmo University
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Busting the ‘natural rate of unemployment’ myth
Mike Norman writes Rates
Michael Hudson writes Petrodollar Deal or No Deal
Lars Pålsson Syll writes Riksbankens oansvariga penningpolitik
Nothing new but it's worth restating from time to time. Ergodicity for one thing, simplicity for another.
Peter Radford
There is something truly odd about any economist who lives wholly in the world of equilibrium. Truly odd. Just think of what they have to assume to get there
The Radford Free Press
Sameness is Just WrongPeter Radford
Related
The leap of generalization
Lars P. Syll | Professor, Malmo University