Re: heterodoxers are crackpots AND logic

[Paul Davidson <pdavidson@xxxxxxx>]

At 06:35 PM 8/27/2002 -0400, you wrote:

> There an overwhelming amount of
> evidence to which I've previously pointed that you are misinterpreting
> the role Keynes claims deductive reasoning from fixed axioms can and
> should play in social theory.
>
> I've just pointed to another piece of such evidence.  The
> "unstable psychological conditions" that produce the tendency
> for the US to become "a high-living, high-cost country" can't
> be handled by your conception of reasoning from fixed axioms.  They
> involve the idea of human nature changing with changes in
> circumstances


> It's this that is the basis of
> Keynes's objection to the deductive method of Ricardo.  It's also,
> as I've pointed out many times, one of the essential points of continuity
> between Keynes and Marshall 

If you do not understand the role of exogenous factors in a logical model
then there is no hope for communication between us!!

Paul Davidson

Editor, Journal of Post Keynesian Economics

503 SMC

University of Tennessee

Knoxville, Tn 379996-0550

phone Number: (865) 974-4221

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