Re: Ecological Economics - Sustainability requires...

On 17 January 2008, Lysander wrote:

> On Jan 17, 7:16 pm, Robert Vienneau <rv...@[EMAIL PROTECTED]
>
> wrote: 

>> On 01/17/2008 Lysander wrote: 

>> >> On Tue, 15 Jan 2008 22:07:25 -0800 (PST), Lysander said about: 

>> >>> On Jan 15, 7:15 pm, play...@[EMAIL PROTECTED]
 (Doug Bashford) wrote: 

>> >>>> * 1977, Steady-State Economics * 1989, For the Common Good 

>> (Both by Herman Daly) 

>> >>> Both very dated sources built solely off of Robert Solow's model. 

>> I don't know much about Daly. But I do that Daly opposed Solow. 

> Which is the case for most modern economist. There are many reasons 
> why Solow was wrong. 

Very good.

>> Solow's model embodies the idea that one factor can always be 
>> substituted for another. 

> Actually, Solow's model only involves capital and labor. Substitution 
> is not really an issue.

  "I am not sure where 'marginal productivity' comes in all
  this - except that in so far as it has any im****tance it does
  through an extreme sensitivity of [the capital-output ratio] to
  changes in [the ratio of profits to national income]."
    -- Nicholas Kaldor (1956).

> Rob believes everything 
> is about substituting factors. This is a short run view. Rob still 
> does not grasp how things look in the long run

Very good.

-- 
Robert Vienneau

Whether strength of body or of mind, or wisdom, or virtue,
are found in pro****tion to the power or wealth of a man is
a question fit perhaps to be discussed by slaves in the
hearing of their masters, but highly unbecoming to
reasonable and free men in search of the truth.
    -- Jean Jacques Rousseau