[OPE-L:5741] Re: Re: Blauf on neoclassicism

From: Rakesh Narpat Bhandari (rakeshb@Stanford.EDU)
Date: Sat Jun 02 2001 - 02:23:01 EDT

>In other words, today Blaug sees the neoclassical agenda as degenerate.

Yes Steve but as this passage makes clear Blaug has not buried 
neoclassicism due to its logical or empirical problems with 
reswitching (but he seems still willing to bury Marxism because of 
trivial changes in the magnitude of surplus value with the complete 
transformation). Blaug seems most interested in the conception of 
competition as a process, instead of end result; this conception of 
competition he traces back to Smith and finds in Hayek. He also seems 
to find the dynamic consequences of such competition--in particular 
technical change or as Smith called it the division of labor--to be 
best understood by theorists such as Nathan Rosenberg and Chris 
Freeman, if I remember this piece by Blaug correctly.But I am going 
from memory since my books are  in boxes.

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