Re: general models

[FAC_BROSSER@xxxxxxxxxxxxxxxx]

Paul:
1)  I agree with non-ergodicity, but lots of economists do not.
2)  I do not see multiple equilibria arising from asymmetric
information, fixed wages and prices, etc.  This is the new-neo
Keynesian crowd, to use Colander's terminology.
3)  If reality is nonlinear, then the goal of policy is not to
"make it linear," although that has been the approach of some
economists.  I agree with you, bad equilibria can still happen
in a linear world and for the reasons you give.  You are just
not going to convince any New Classicals with your arguments.
If reality is nonlinear, then that does not rule out government
influencing the outcome by means other than "making it linear."
Barkley Rosser
JMU