What conclusions do you draw from this?
My humble blog
It's easy to refute an argument if you first misrepresent it. William Keizer
Smiling Dave:What conclusions do you draw from this?
"I am smart. Look at all my Greek symbols and notation to prove it."
This is actually stuff you find in basic intermediate macroeconomics texts, like Mankiw's for example.
"If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion."
What does it actually teach one about reality?
I don't understand.
Why are you giving us a page out of a Macro econ text?
It's been awhile since I thought about this stuff - but I remember being more sympathetic to endogeneous growth than exogeneous 6 years ago when I learned this in school.
"As in a kaleidoscope, the constellation of forces operating in the system as a whole is ever changing." - Ludwig Lachmann
"When A Man Dies A World Goes Out of Existence" - GLS Shackle