stability of equilibrium (was: Debunking economics)

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

John,

It seems to me that the relevant literature is
the discussion of Bertrand and Cournot
competition (e.g., in Varian).
Like your presentation, the literature works
with a short-run notion of equilibrium and
side-steps issues of entry.

I think you will find from that literature that
you have not attacked the stability of an
equilibrium concept but rather have been
discussing a case where MC=P is not
an equilibrium. (No surprise.)

Cheers,
Alan