Robert Solow: "There has always been a purist streak in economics that wants everything to follow neatly from greed, rationality, and equilibrium, with no ifs, ands, or buts. Most of us have felt that tug. Here is a theory that gives you just that, and thistime “everything” means everything: macro, not micro. The theory is neat, learnable, not terribly difficult, but just technical enough to feel like “science.”
Lars P. Syll’s Blog
Solow on the irrelevance of the Ramsey model
Lars P. Syll | Professor, Malmo University
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