tag:blogger.com,1999:blog-26706564.post116804280619712095..comments2024-03-25T07:51:47.758-04:00Comments on Thoughts On Economics: A Post Keynesian Model of Growth and Distribution (Part 2 of 4)Robert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-26706564.post-1168485177343283502007-01-10T22:12:00.000-05:002007-01-10T22:12:00.000-05:00Both ... and. The concluding post in the series me...Both ... and. The concluding post in the series mentions some authors whose work in the theory of the firm is abstracted here.Robert Vienneauhttps://www.blogger.com/profile/14748118392842775431noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-1168450019618772572007-01-10T12:26:00.000-05:002007-01-10T12:26:00.000-05:00Is 8 supposed to be an equilibrium condition or a ...Is 8 supposed to be an equilibrium condition or a theory of causation? If the former, it's hard to see how you get "Thus, the rate of profits on a steady-state growth path is the result of corporate decisions about the rate of growth and the financing of investment." If the latter, then your model is wildly different from the real world where managers are constantly coping with the fact that their rate of profit is influenced by countless variables beyond their control.Anonymousnoreply@blogger.com