Re: CAMREC: The 'no supply-demand curve' sign

From: the Campaign for Real Economics (camrec@mmu.ac.uk)
Date: Tue Oct 17 2000 - 15:56:25 BST

  • Next message: the Campaign for Real Economics: "Re: CAMREC: The 'no supply-demand curve' sign"

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    From: the Campaign for Real Economics <camrec@mmu.ac.uk>
    Date: Tue, 17 Oct 2000 15:56:25 +0100
    Subject: Re: CAMREC: The 'no supply-demand curve' sign
    

    the Campaign for Real Economics wrote:
    >
    > What is the message behind the 'no supply-demand curve' sign on the CAMREC
    > homepage?

    Well, the shallow message is that economic agents (hardly ever) seek to
    optimise over such curves.

    A slightly more profound rationale is that real economic phenomena (i.e.
    as we actually observe it) is much more complex than this. So complex
    that a priori assumptions and systems are highly unlikely to be of
    practical use.

    (The real reason for its invention is that we wanted to have a bit of
    fun!)

    Regards.

    ---------------------------------------------------
    Bruce Edmonds
    Centre for Policy Modelling
    Manchester Metropolitan University
    Aytoun Building, Aytoun Street, Manchester M1 3GH, UK.
    Tel. +161 247 6479 Fax. +161 247 6802
    http://www.cpm.mmu.ac.uk/~bruce



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