> >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. Rakesh
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