On Wed, Dec 22, 2010 at 7:46 PM, Eubulides <paraconsistent at comcast.net> wrote:
> On 12/22/2010 07:30 PM, michael perelman wrote:
>
>> Actually, well before Kaldor, Alfred Marshall expressed horror at the
>> problems that increasing returns posed.
>
> ============
>
> Well heck, there's increasing returns in KM; but afaik neither of them
> created mathematical models of their macroeconomic effects.
>
> Htbw,
>
> Ian
>
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-- Michael Perelman Economics Department California State University Chico, CA 95929
530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com