calling in loans

Doug Henwood dhenwood at panix.com
Mon Aug 26 11:04:23 PDT 2002


Bradford DeLong wrote:


>I'm still mulling over whether "reswitching" and associated
>Cambridge stuff that is barely less deadly than the transformation
>problem is an important critique of Solow, or the equivalent of
>Giffen goods. I mean, you need a *really* weird cash flow profile
>for "reswitching" to become relevant, don't you?

I once tried earnestly to comprehend the reswitching debate, but it seemed obscure and scholastic (in the bad sense) - pretty much the same reaction I have to the transformation problem. Am I missing something?

Doug



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