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Re: Say's Law and Operationalism - Tobin Addendum

Gunnar,

This still simply miscasts things.
There is no direct link between
Tobin's integration of stock and
flow considerations in monetary
theory and Samuelson's correspondence
principle.

As far as I can tell, you are making
much ado about nothing.

Alan Isaac




Gunnar Tomasson wrote:

> Tobin's work in monetary theory before the 1970s represents, as it were, an
> empirical test of Samuelson's "bridge...between static and dynamic
> analysis" - was it real or imaginary?
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