tag:blogger.com,1999:blog-2098432983500045934.post3525583261090770096..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: I just can't do it in two sentences, ScottThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-38386868578472835732015-05-27T19:00:32.760-04:002015-05-27T19:00:32.760-04:00Tough to make sense of it, Gene. But interesting t...Tough to make sense of it, Gene. But interesting to try. Thanks for the PDF. 36 pages is about 3 times my brain capacity, but I'll give it a go.<br /><br />Glad you could see more than just the crude frame I put this post in. I actually think I learned something by writing it. But that's for the follow-up post.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-54570605209895334242015-05-27T10:18:02.573-04:002015-05-27T10:18:02.573-04:00Nice discussion, Art. Always love the finer point...Nice discussion, Art. Always love the finer points of basic econ concepts.<br /><br />Here is a link to Krugmans chapter on AD/AS. I use this book as resource in my Advanced Placement class. <br /><br />The AD discussion is up first. I THINK you will like his basic definitions better than Wikipedia (horrible, by the way, for the reasons you pointed out) and his feretting out of the concept as well.<br /><br />http://www.macmillanhighered.com/catalog/uploadedfiles/content/worth/product/about/look_inside/krugman,_macroeconomics_3e/kw3e_macro_ch12.pdf<br /><br />The intuition as to why a market demand curve should not be entangled with an Aggregate Demand curve is REALLY hard to get across to students. My own grasp of it is tenuous, if at all.<br /><br />This is my Quantity Supplied of $.02 cents worth of input. Not sure there is a Quantity Demanded at that price, so there is probably a surplus. :)GeneHaywardhttps://www.blogger.com/profile/08848814178464097668noreply@blogger.com