> Hmm... you don't deny that the law of supply and
> demand has explanatory (or
> even I would guess predictive) power, and yet you
> claim classical econ
> explains nothing?
There's nothing NCE about it. Smith knew it. Marx accepted it. Marshall, Jevons, and Walras just dressed it up with unnecessary math. If taht's the best NCE can do, it should be put on the down train.
>
> > Btw, I think Fitch was talking about historical
> > materialism, not about Marxisn economics.
>
> Yes, I'm sure that's correct.
>
> > Unless you are Gary Becker, NCE has no such
> ambitions.
>
> Richard Posner has such ambitions, right?
Used to, not so much today.
jks
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