Sunday, January 1, 2012
Posted by dkuehn at 11:37 PM
"The whole argument, as we could see later, consisted in confusing the current rate of investment with the total stock of capital goods, but we could not make it out at the time."
- Joan Robinson, on Hayek's macroeconomics.
I'm still trying to get a sense of what she's getting at here, but I think it might be related to what I was confused about in this post.