In reply to Paul Zarembka's OPE-L 5073. Paul, the fact that a model is not closed does not mean that one can close it any which way one wants. If one introduces a relation that is inconsistent with other relations in the model, one just has a mess. I suggest that the introduction of a relation stipulating that demand for Ic is limited by the demand for consumer goods is inconsistent with the rest of the schemes. They already demonstrate that the opposite is the case. My guess is that the best you could do without inconsistency would be to write down some reduced-form of the following. Capitalists (wrongly) think that demand for Ic is limited by demand for consumer goods. Their investment behavior is determined on the basis of this false belief. Underconsumption would then lead also to sluggish investment. But this doesn't mean that demand for Ic is limited by demand for consumer goods. It means that demand for Ic is limited by capitalists' FALSE BELIEF that demand for Ic is limited by demand for consumer goods. I couldn't figure out the floating humans and swindle stuff. That might be due to exhaustion. Ciao Andrew ("Drewk") Kliman Dept. of Social Sciences Pace University Pleasantville, NY 10570 USA phone: (914) 773-3968 fax: (914) 773-3951 Home: 60 W. 76th St. #4E New York, NY 10023 USA "The practice of philosophy is itself theoretical. It is the critique that measures the individual existence by the essence, the particular reality by the Idea."
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