A propos to this point is Keynes' "Notes on Mercantilism, etc" in _The General Theory of Employment_, in which he chronicles the incessant suppression by the "ranks of orthodoxy" of theories of under-consumption. Particularly revealing is his discussion of the controversy about consumption between Malthus and Ricardo, and of the attempts by J.A. Hobson and A.F. Mummery to revive the controversy in 1889. Frank Durgin wrote, > Future economic historians (if the world survives Russia's looming >social upheaval) will surely marvel at the fact that some 65 years >after Keynes showed the world that budget deficits could serve as an >instrument for curing depressions, and a quarter of a century after >Nixon declared "We are all Keynsian's now", those who were setting >economic policy for Russia were prescribing ever progressively tighter >monetary and fiscal policies. Tom Walker http://www.vcn.bc.ca/timework/
