Re: RE: Sweden -- A few reactions on the N.Y. Times article,lbo-talk@panix.com

["Rosser Jr, John Barkley" <rosserjb@xxxxxxx>]

Paul,
     We've been around this a million times, but personally
I would rather see ratex disproved rather than assumed
away.  This smells to me too much of the kind of gimmickry
the neoclassicals are constantly engaging in.
Barkley Rosser
On Wed, 12 Aug 1998 21:25:35 -0500 Paul Davidson
<pdavidson@xxxxxxx> wrote:

> At 05:16 PM 8/11/98 -0400, Barkleywrote:
> >
> >     Of course one can make all these models stable if
> >everybody has rational expectations and are strictly
> >fundamentalist traders, etc. etc.
> >
>
>
> And that's the  kicker that makes it fundamentally logically incomatible
> with nonergodic Keyneian models where rational expectations are impossible
> by definition!!
>
> Paul Davidson
> Holly Chair of Excellence in Political Economy
> Economics Department -- 523 SMC
> University of Tennessee
> Knoxville, Tennesseee 37996-0550
> email: Pdavidson@xxxxxxx;   phone: (423)974-4221;    fax: (423) 974-1686

--
Rosser Jr, John Barkley
rosserjb@xxxxxxx