----- Original Message ----- From: "Jurriaan Bendien" <j.bendien@wolmail.nl> Sent: Sunday, November 18, 2001 8:13 AM > Hi Jerry, > > Well econometrics encompasses a "host of sins", but I take your point - > perhaps we should distinguish then between specific econometric techniques > and the theoretical presumptions underlying much econometric modelling. > Note however that without such things as macro-economic input-output > tables, much empirical research into the relationships between key > variables in Marx's economic theory would not have been possible. Hence I > think a selective, critical appropriation of econometrics is pertinent (I > find it difficult to believe that marginal utility theory underpins > Leontief's input-out analysis !). As I've argued before, why should Marx's > critique of political economy stop after a critical appropriation of the > insights of Smith and Ricardo ? > > Regards > > Jurriaan
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