- Sraffa's Reswitching Silliness: Uncomprehending ignorance.
- The New School, in Manhattan, is one of the few places in the United States that teaches political economy in a rigorous way. They have problems.
- Maybe I should subscribe to Catalyst if Post Keynesians are going to publish there.
- The Place of Sraffa in the History of Economic Thought, a session at the annual ASSA conference.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5852883
ReplyDeleteWhole thing reeks of GPT-4 trying to sound like a Mises Institute white paper. 'Analytical specter.' 'Knife-edge fragility.' 'Phantom menace.'
ReplyDeleteThese verbose nothing-sentences impress no one. What you showed as a 'proof' was a basic finance identity.
I sent you an email itemizing pretty much every cost you ignored & every polynomial root you pretended way.
I briefly skimmed the paper. I am not impressed by arguments about extreme assumptions needed to get reswitching. Or do you mean capital-reversing? Or other capital-theoretic paradoxes? I am the view that capital-reversing can occur at low interest rates. And the parameters of an example can be varied somewhat while keeping the so-called paradox. It is not like the fluke cases I have been exploring, such as wage curves being tangent at a switch point.
ReplyDelete