Chaos Theory and Leftist Economics

[Forstater, Mathew]

Michael - You must have missed the word "left" in the question.  I know
people are arguing the Austrians are heterodox these days, but don't
tell me that now they are also candidates for being anywhere near 'left'
on the political spectrum!

Note to Ian if he reads this: with all due respect, you may be assuming
too much when you tell a non-economist who asks about chaos theory and
left economics to just type Kaldor into google!  Elaboration, please, or
you may be sending poor Thomas on a frustrating ride through the web.

Mat

-----Original Message-----
From: Michael Perelman [mailto:michael at ecst.csuchico.edu]
Sent: Friday, November 02, 2001 3:46 PM
To: lbo-talk at lists.panix.com
Subject: Re: Chaos Theory and Leftist Economics

The Hayek crowd has pushed hardest in this direction, arguing that the
spontaneous order of markets is the appropriate response to chaos, since
planning is virtually impossible in the face of chaos.

 -- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu