An immortal fumble by Shawn A. Wilson (17-Dec-1998)

NO ONE uses Leontieff technology
> Reswitching is only mentioned in some of my quotes. How does Shawn think
> my example relates to reswitching?


Robert, ALL your examples relate to reswitching.  It's your God.

> Aggregation of capital is not discussed *anywhere* in my post, including,
> for instance, the Samuelson quote. Shawn's understanding of the issues
> is clearly flawed.


No Robert, it's you that doesn't understand.

> A combination of one steel-producing process and the corn-producing
> process in my example can be used to construct a Leontief input-output
> matrix (despite the fact that the steel-producing technology is not
> a Leontief (fixed coefficients) production function). Leontief
> input-output models are widely applied empirically.


Not even close Robert.  I've done a fair amount of empirical research.  I've
read even more.  NO ONE uses Leontieff technology.

> Besides, I have previously given Shawn a list of references where
> the applicability of some of these curious effects were explored.
> I have only read one of those papers, since I don't think that's
> the issue when proving that economists' beliefs about neoclassical
> theory are logically inconsistent.


You keep harping on that.  Actually, all you've proved is that the CCC died
for a damn good reason.  Here's a challenge for you:  show reswitching in an
environment where capital is NOT measured by cost or price.  You'll get
bonus points for NOT using Leontieff production functions.
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