Home › Forum › Political Economy › The Giant Blunder – We need a (Blair) Fix. › Reply To: The Giant Blunder – We need a (Blair) Fix.
January 18, 2023 at 2:03 pm
#248859
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.