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From:
[log in to unmask] (Barkley Rosser)
Date:
Fri Mar 31 17:18:49 2006
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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  
  
 

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