Saturday, April 9, 2011

the great strateeegerry of the neoclassical GET

the GET models are all about unspecfied dynamics
ie winners and losers that are darlings or victims of sheer fortune not the  merit or demerit of their own effort skill and wisdom

not that this isn't in the back of their minds they know market systems have to solve themselves by groping a bit
and sure wind falls happen
sometimes the wind drops a safe full of money on your door step
some times it drops an empty safe on your head

dismal science ideologian task
 get to panglosville ...somehow
lesson must be
at the end of the day
markets
if left to their own devices more or less
are  always and everywhere a  B of APS  phenomenon