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... marginalist modeling tractable when extended to the whole economy. In the real world, there are lots of clumps of strong complements all over the place, and key concepts like the marginal productivity of individual inputs fall apart in the face of strong complements.


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 Sun May 3rd, 2009 at 08:29:07 PM EST
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