Lars P. Syll, “The Gross Substitution Axiom — The Backbone of Mainstream Economics,” 15 August, 2014.This is a nice complement to my post here.
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:
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