tag:blogger.com,1999:blog-3758330678390419129.post5833664990192866326..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Ebeling versus Cowen on LachmannRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-43924420225889009652010-08-14T16:05:44.554-04:002010-08-14T16:05:44.554-04:00The first step is to conceive of an ideal abstract...The first step is to conceive of an ideal abstract market as an aid to analysis. The second step is to imagine that such an abstraction could, should or does actually exist in the world. Finally, all departures from the individual, ideal market-mediated adjustment and adaptation process can be described as "distortions" of the market. <br /><br />What "market"? The imaginary Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-63033236273084551912010-08-14T13:09:33.746-04:002010-08-14T13:09:33.746-04:00It would have been nice had Cowen provided a speci...It would have been nice had Cowen provided a specific quote. All-in-all, I think Cowen made the mistake of making a superficial insight, which on the surface is true, but ignores the longer-run implications.Jonathan M.F. Catalánhttp://www.economicthought.net/noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-38380044068368713622010-08-14T12:17:45.920-04:002010-08-14T12:17:45.920-04:00What I really regretted not having as part of my c...What I really regretted not having as part of my college experience was honest, thoughtful professors who I could go discuss and debate economics with for hours at a time.<br /><br />Tried that a few times and it was like belly flopping into a pool of ignorance and arbitrary misconceptions.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.com