FACT AND FALLACY IN LABOUR MARKET ANALYSIS: A REPLY TO MR. LANDO

Mr. Mordechai E. Lando has devoted his entire ‘Comment’ to one paragraph in my article, ‘Full Employment and the New Economics’, which ran to 36 paragraphs. Despite this rather narrow concentration, Mr. Lando has seriously misstated my argument in that one paragraph, and he has supported his criticisms by misstatements of fact and errors in analysis. Since his criticisms go to the heart of a thesis that I have developed in some detail during the past decade, I think that I should answer them rather fully.