Comments on: The “Consumer Choice” Fraud http://wallstreetpit.com/10162-there-is-no-transparency-in-healthcare-costs Wed, 08 Feb 2012 22:13:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ian Schindler http://wallstreetpit.com/10162-there-is-no-transparency-in-healthcare-costs#comment-63034 Ian Schindler Tue, 08 Sep 2009 14:07:07 +0000 http://wallstreetpit.com/?p=10162#comment-63034 Neoclassical economists do not have a model of economic production. What they mistakenly call a model is the definition of a theoretical quantity, and pretty useless. As long as they do not have a clear model of economic production, I question their expertise on the economy. The best model of economic production I have seen is the Ayres-Warr model. For details see http://math.univ-tlse1.fr/userfiles/schindler/Articles/ayres-warr-1/Ayres-Warr.html. Neoclassical economists do not have a model of economic production. What they mistakenly call a model is the definition of a theoretical quantity, and pretty useless. As long as they do not have a clear model of economic production, I question their expertise on the economy.

The best model of economic production I have seen is the Ayres-Warr model. For details see http://math.univ-tlse1.fr/userfiles/schindler/Articles/ayres-warr-1/Ayres-Warr.html.

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