http://rowsdowerisms.livejournal.com/ ([identity profile] rowsdowerisms.livejournal.com) wrote in [community profile] politicartoons 2014-06-04 05:05 am (UTC)

I'm saying that pedagogical simplifying assumptions, such as the Cobb-Douglas function(ie when K^n L^n=1), are detrimental to the field. Nobels in econ would be more substantial if such intuitions were done away with.
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