Macroeconomic gods
The heretic J. Bradford DeLong must confess his sins to St Maynard.
You know perfectly well that you have been fascninated by the
Heyekian model since you were an undergraduate. Your effort
to accuse Paul Krugman of the Hayekian/Arian Heresy based
on the claim that not all capital is Homoosian is pure projection.
Arian refers to Arius a theologian who disagreed with the
Nicean crede and not to any alleged race. Homoosian means
"of the same substance," the Nicean crede holds that God the
son and God the father(and the holy spirit) are homoosian.
However, I now realise that the Solovian doctrine that capital
is schmoo is fundamentally Nicean and that the Hayekian
Heresy is similar to the Arian Heresy.
I am shocked that even Paul Krugman has feet of clay
(I thought he had feet of putty).
-- RJ Waldmann, 2005 May 27.