Friday, November 30, 2012

Another Cambridge debate: Keen vs. Rendhal

Steve Keen and Pontus Rendahl did a very rare thing. they had an open debate between an heterodox and a mainstream economist. Worth checking it out. Keen linked to the audio here. Rendahl calls it a debate between Keenonomics and Metrodox Equilibrium (see here), whatever that is. If you ask me Rendahl shows the same confusion that most younger -- by which I mean educated post capital debates, and once the new notion of equilibrium (intertemporal short term equilibrium, without a uniform rate of profit) became dominant -- mainstream economists seem to be stuck with (see my previous post too).
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6 comments:

  1. UnknownDecember 1, 2012 at 3:31 PM

    This comment has been removed by the author.

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    1. Matias VernengoDecember 2, 2012 at 11:03 AM

      Sobre a pergunta anterior. Uma inovacao pode reduzir custos sem afetar os salarios e reduzir os precos, sem duvida. Os precos dos computadores cairam em alguma medida pela maior capacidade de processamento dos dados. Mas isso eh deflacao de um bem em particular, nao um processo deflacionario, que afeta devedores em geral, e faz com que o consumo caia. A deflacao decorrente, por exemplo, da queda do preco das casas nao tem efeitos positivos sobre a demanda.

      Delete
  2. UnknownDecember 1, 2012 at 10:28 PM

    Não quero torrar seu saco com perguntas idiotas.. haha mas durante a minha aula de ISLM eu me pergunto todo dia porque tenho que perder quase um semsstre aprendendo isso a fundo? Qual a praticidade disso alem de unir keynes a classicos, me parece algo muito pouco praticavel na economia real.. enfim, abração

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    Replies
    1. Matias VernengoDecember 2, 2012 at 10:58 AM

      Eu tenho um post sobre o ISLM. Eu dou em aula, e apesar de alguns problemas (o investimento como dependendo da produtividade marginal em lugar do nivel de atividade sendo o mais grave) eh razoavelmente bom. Vale a pena entender bem. Na verdade todos os modelos macro fazem algo similar, com interacao de variaveis monetarias e reais.

      Delete
    2. Matias VernengoDecember 2, 2012 at 11:09 AM

      Link aqui http://nakedkeynesianism.blogspot.com/2011/02/islm-what-is-it-good-for.html

      Delete
  3. UnknownDecember 2, 2012 at 12:36 PM

    Ahhh, valeu.. Vou pesquisar mais o blog antes de perguntar da proxima vez.. abração

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