[OPE-L:5320] Re: Ernst on RRI

Gerald Levy (glevy@pratt.edu)
Thu, 3 Jul 1997 19:12:17 -0700 (PDT)

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Duncan wrote in [OPE-L:5312]:

> (an idea
> that a lot of other people have spent time on before and after Marx,
> including Leontief, Schumpeter, Samuelson, and Goodwin.) The problem is
> that in a growing economy these echo effects will become relatively smaller
> and smaller over time.

Would Goodwin agree that "the echo effects will become relatively smaller
and smaller over time"? That doesn't sound very "chaotic" to me.

I'm not sure that Schumpeter would agree either.

In solidarity, Jerry