However, by the Kirman & Koch refinement of the Sonnenschein Mantel Debreu result we know that no unique method of discriminating savings and consumption can exist except if there is
1) Rational Expectations
2) Aumann agreement based Hannan Consistency
in which case unique, but not neccessarily effectively computable equilibria exist. Call this the golden path general equilibrium. There may be a golden rule- but it is that of the Japanese Peasant Sage Ninomiya, not to mention a certain Jewish Carpenter who globalized the simple Mussar message- my spiritual needs require the satisfaction of the material needs of the other.
However, this can't be done by splitting populations into 'poor' and 'non poor'. On the contrary, it was because Ninomiya, not to mention Nund Reshi or the Nazarene, was himself poor that progress could be made.
Pity, but there it is.
However, this can't be done by splitting populations into 'poor' and 'non poor'. On the contrary, it was because Ninomiya, not to mention Nund Reshi or the Nazarene, was himself poor that progress could be made.
Pity, but there it is.
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