SHOE Archives

Societies for the History of Economics

SHOE@YORKU.CA

Options: Use Forum View

Use Monospaced Font
Show Text Part by Default
Show All Mail Headers

Message: [<< First] [< Prev] [Next >] [Last >>]
Topic: [<< First] [< Prev] [Next >] [Last >>]
Author: [<< First] [< Prev] [Next >] [Last >>]

Print Reply
Subject:
From:
[log in to unmask] (David Colander)
Date:
Fri Mar 31 17:19:07 2006
Content-Type:
text/plain
Parts/Attachments:
text/plain (16 lines)
----------------- HES POSTING ----------------- 
 
In response to Mat Forstater: 
 
One can discuss price adjustment and quantity adjustment and splits between price level
rises and when there is a shift in aggregate demand. Most textbooks do that. Mine
certainly does. It is a natural way to talk about policy. And there I make the point that
in the short run the majority of markets are quantity adjusting. It is only when one
starts getting into using terms such as Walrasian, Marshallian, or today, even Keynesian,
that one gets in trouble with reviewers.
 
Dave Colander 
 
------------ FOOTER TO HES POSTING ------------ 
For information, send the message "info HES" to [log in to unmask] 

ATOM RSS1 RSS2