tag:blogger.com,1999:blog-26706564.post8027950264978132087..comments2024-03-25T07:51:47.758-04:00Comments on Thoughts On Economics: Canonical Statements Of Current Mainstream Price Theory?Robert Vienneauhttp://www.blogger.com/profile/14748118392842775431noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-26706564.post-90375955079656141402011-01-14T06:01:54.392-05:002011-01-14T06:01:54.392-05:00Man-Seop Park has written a number of articles cri...Man-Seop Park has written a number of articles criticizing new growth theory. One is <a href="http://cje.oxfordjournals.org/content/31/3/379.abstract" rel="nofollow">"Homogeneity masquerading as variety: the case of horizontal innovation models"</a> (<i>Cambridge Journal of Economics</i>, V. 31, iss. 3 (2007): pp. 379-392.) Another is a chapter in <a href="http://www.amazon.com/Economic-Theory-Thought-Routledge-Economics/dp/0415465117/ref=tmm_hrd_title_0" rel="nofollow"><i>Economic Theory and Economic Thought: Essays in Honour of Ian Steedman</i></a> (Routledge, 2010).Robert Vienneauhttps://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-41787667302748298342011-01-12T10:29:56.109-05:002011-01-12T10:29:56.109-05:00I can't find the article by Man-Seop Park. As ...I can't find the article by Man-Seop Park. As I understand it, growth theory using capital goods is not inconsistent, it only has the shortcoming that it's about very special kinds of economies.Patchnoreply@blogger.comtag:blogger.com,1999:blog-26706564.post-11861358517327717032011-01-11T20:01:25.725-05:002011-01-11T20:01:25.725-05:00Oops! The link in my previous E-mail did not copy ...Oops! The link in my previous E-mail did not copy completely. Hopefully this will work:<br /><br />http://www.stern.nyu.edu/networks/<br />phdcourse/Dixit_Stiglitz_<br />Monopolistic_competition.pdf<br /><br />ChrisRegina Chrishttps://www.blogger.com/profile/12179579340760940179noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-49939030343849522102011-01-11T19:58:26.147-05:002011-01-11T19:58:26.147-05:00A copy of the Dixit/Stiglitz article is available ...A copy of the Dixit/Stiglitz article is available here:<br /><br />http://www.stern.nyu.edu/networks/phdcourse/Dixit_Stiglitz_Monopolistic_competition.pdf<br /><br />Chris Pepin<br />Regina, SKRegina Chrishttps://www.blogger.com/profile/12179579340760940179noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-48242095134516264432011-01-11T07:46:58.726-05:002011-01-11T07:46:58.726-05:00Good answer. I have not Dixit and Stiglitz, but I ...Good answer. I have not Dixit and Stiglitz, but I have seen that article frequently referenced. New growth theory models are incoherent mush, as Man-Seop Park, among others, has shown. And I don't think much of DSGE models either. I suppose I might still look up that article someday.Robert Vienneauhttps://www.blogger.com/profile/00872510108133281526noreply@blogger.comtag:blogger.com,1999:blog-26706564.post-72286023552077650882011-01-10T16:29:15.480-05:002011-01-10T16:29:15.480-05:00Hi Rob,
I would say that in quasi-microfounded ma...Hi Rob,<br /><br />I would say that in quasi-microfounded macroeconomics, the Dixit-Stiglitz-model is dominant. <br /><br />Dixit, Avinash K. und Stiglitz, Joseph E.; Monopolistic Competition and Optimum Product Diversity, American Economic Review 67 (1977), 297-308.<br /><br />It allows for price-setting, is based on product diversity and monopolistic competition.<br /><br /><br />PatchPatchnoreply@blogger.com