Julio Huato said:
>My impression is that people on the heterodox side may be
>clinging a bit too much to the old Cambridge Capital
>Controversy, perhaps hoping for a Sraffian/Post-Keynesian
>revival.
Julio, I would say the problem is not
the old Cambridge capital issues, although
I take those seriously, nor even Keynesian
issues, nor Hildenbrand-Grandmont aggregation
issues, nor even Sonnenschein-Mantel-Debreu
problems, although all of these are relevant.
I would say modern complexity theory is the
current wave of analysis here.
Much modern macro is GE, but a lot of it is
also representative agent, even as many
increasingly realize how ridiculous that is.
Barkley Rosser