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The expression was flippant, but the answer was quite serious: the neoclassical long run is incompatible with life as we live it, so inside the neoclassical long run, we are all dead.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Thu Nov 3rd, 2011 at 10:24:43 AM EST
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