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.

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