So far, it seems like the novel suggestion is that we should consider a *dual form* of the typical macroeconomic constrained optimization setup, where we optimize over "specialization settings" (my term) rather than homogeneous labor/capital inputs.
This message has been mostly hidden in a lot of rudimentary (GMU) Econ 101 prose, so it's hard to really figure out what's going on..
— Dec 31, 2016 09:33PM
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