Home Forum Political Economy The Giant Blunder – We need a (Blair) Fix. Reply To: The Giant Blunder – We need a (Blair) Fix.

#248859
Blair Fix
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To reiterate, I think the language of ‘vectors’ is unnecessary. Debreu is just doing basic accounting:

z = an itemized list of the things I’ve sold
p = a price list of these items

The value of my sale is the sum of the item quantities times the item price. Really basic stuff dressed up in pompous verbiage to appear profound.