Monday, August 27, 2007

Oversimplified

"Professor Harcourt reviews a body of doctrine challenging the foundations of standard economics. The challenges, if valid, would confer increased respectability on ways of organizing production and income distribution guided more by politics and oriented less toward profit than the ways most amenable to standard analysis." -- Leland B. Yeager (1976). "Review of Some Cambridge Controversies in the Theory of Capital", American Political Science Review, V. 70, N. 4 (December): 1270-1271