Showing posts with label Lars Syll. Show all posts
Showing posts with label Lars Syll. Show all posts

Sunday, August 17, 2014

Lars Syll on the Gross Substitution Axiom

Actually, Lars quotes Paul Davidson in a succinct statement of the gross substitution axiom and why it is incompatible with Keynes’ General Theory here:
Lars P. Syll, “The Gross Substitution Axiom — The Backbone of Mainstream Economics,” 15 August, 2014.
This is a nice complement to my post here.