Fwd: RE: Heterodoxers are crackpots

[Paul Davidson <pdavidson@xxxxxxx>]

> Date: Mon, 26 Aug 2002 22:49:59
> -0400
> To: "Forstater, Mathew" <forstaterm@xxxxxxxx>
> From: Paul Davidson <pdavidson@xxxxxxx>
> Subject: RE: Heterodoxers are crackpots
>
> At 03:18 PM 8/26/2002 -0500, you wrote:
>
> > If
> > the theory with the fewest axioms is automatically the best, then mine
> > wins; it has zero axioms.
> >
> >  
>
>  I did not say it was the best I said it was the most general. 
> The important thing that Roy Weintraub's book indicates is getting enough
> axioms to make a general theory that can be applied to real world
> phenomena.  The trouble with the Debreu model is it is conceived of
> as "general" by th mainstream -- and Keynes as a special case
> where wages (and/or prices are assumed fixed the added assumption) -- but
> it can be shown by Keynes in the GT, that his theory does not require
> fixity of wages and prices nor the axioms of ergodicity (or the ordering
> axiom) and neutral money -- the latter are two axioms required by
> Debreu's general analysis
>
>
> > I
> > am working on one that has negative axioms.
>
>
> Hey there are some people out there that have already beaten you to this
> goal --)! e.g., historians?
>
> paul

Paul Davidson

Editor, Journal of Post Keynesian Economics

503 SMC

University of Tennessee

Knoxville, Tn 379996-0550

phone Number: (865) 974-4221

fax number: (865) 974-1686

http://econ.bus.utk.edu/davidsonextra/Davidson.html