THE ‘NEW INTERPRETATION’: QUESTIONS ANSWERED AND UNANSWERED

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  • Dong-Min Rieu

    Corresponding author
    1. Chungnam National University
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      The author gives thanks to the anonymous referees and Fred Moseley for their helpful comments on earlier versions of this paper. The usual disclaimers apply.


Dong-Min Rieu
Department of Economics
Chungnam National University
220 Kung-dong
Taejon
Korea
E-mail: rieudm@cnu.ac.kr

ABSTRACT

Duménil, Foley and Lévy (DFL)'s note gives a formal presentation of the ‘New Interpretation’ that explicitly considers the issue of heterogeneous labour. It clarified some issues raised in my previous paper. Unfortunately, however, DFL offer only a mathematical formalism while leaving the most important question unanswered.

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