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I did not want to give the impression that all empirical research is a waste of
time. I only intended to say that the pretension of precision is foolish. I
tried to explain -- perhaps not very well -- that we do better to realize that
any empirical calculations are more of the "back of the envelope" variety.
"Patrick L. Mason" wrote:
> But, your point is fundamentally different from Mike and others. They are
> arguing that any type of empirical analysis is a waste of time. You are
> simply saying that there are some theoretical problems with the
> Neo-Ricardian approach to values and prices.
I was also making the anti-neo-Ricardian poing.
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail firstname.lastname@example.org
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