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Its in the long run that we are all dead ... the long run is supposed to be a system at rest, and a living system is only entirely at rest when it is dead.

How many other economists share that insight?

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Tue Mar 16th, 2010 at 05:42:52 PM EST
[ Parent ]
Likely only General Systems economists read and understand Georgescu-Roegan with the background to have got it from him, Paul Davidson brushes against it with his distinction between ergodic and non-ergodic systems, and of course Veblen says it but in an entirely different lexicon in "Why is Economics Not an Evolutionary Science".

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Tue Mar 16th, 2010 at 06:52:54 PM EST
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