I have a friend interested
insubject matter.
If we search for global
Keynesian solutions
(beyond domestic or national
K. solutions)
we may find that the global
market itself
is
one big
Keynesian solution. Why?
Because there is
On Sunday 16 February 2003 21:33, Chick Hurst you wrote:
The problem of course is that we
have been fighting over the purity of the theory, or the exact following of
the theoretician and/or the theory, and what exactly they were trying to
get across, rather than learning from each and all and
Before I ever read Keynes' General Theory, I read a
Marxist criticism of it, which largely shaped my approach to his work. It
was Geoffrey Pillings' "The Crisis of Keynesian Economics: A Marxist View
(1986)" One of the assertions in that work is that Keynes was a very
skilled econometrist
His work was so recent I'd thought perhaps to contact him, but he has become
his audience I'm afraid. I strongly encourage reading his book The Crisis
of Keynesian Economics. Its decidedly political undertones are geared to
operate from a humanitarian perspective in our contemporary context, and
[EMAIL PROTECTED] wrote:
Labor displacement is something we can predict. But
let's say there has been a credit collapse, for
whatever reason, such as that which occurred in the
years following the stock market crash in the United
States after 1929. The Social Credit adjustment
mechanisms
I do not disagree with you. I used the term zero
entrepreneurial profit, however, within the context
of hypothetical dynamic stasis. It is unrelated to
reality directly, but is nonetheless a step toward
building a conceptual model that will help us make
sense of reality.
Entrepreneurial
[EMAIL PROTECTED] wrote:
Labor displacement is something we can predict. But
let's say there has been a credit collapse, for
whatever reason, such as that which occurred in the
years following the stock market crash in the United
States after 1929. The Social Credit adjustment
mechanisms
John Gelles wrote:
Once you make available to licensed banks, --
forced and able to pass many musters -- that is
audits by the comptroller of the currency
Dear John,
Here we are agreed. But, I hold the strong belief
that whether SEC or FDIC, that we haven't a chance
against the enterprising
The problem is and has always been the confusion between Christian
principles which may be embodied in other faiths, and religious beliefs.
Social Credit or rather Douglas referred to Religion as meaning, to bind
back taken from its original etymology. He went futher to add two more
words to
Dr. Bruce R. McFarling wrote:
That is, Douglas argues that there is necessarily a shortfall of income to
provide the effective demand
to maintain that income
VB. Sorry! Not quite correct.Douglas argues that there is necessarily a
shortfall of purchasing power to provide effective demand. If,
Can anyone explain to me how profits can be
distributed as income before a sale is made (price is met)? If there is
insufficient purchasing power to provide effective demand, i.e. meet the prices
generated in the same period of production which price includes profit, no sale
can occur. If a
It's tricky, V.
From what I can tell, when an organization lends
credit debt out to, say, a small business owner, it can write that credit debt
as income. It can then spend the income into the market. If that
organization is the government, the government can spend that money in the form
A brief addendum--
The refund checks really didn't do much good to our
economy because of the aggregation problem. It's a can of worms and I've
got a letter in the queue addressing it. Basically, simply giving refunds
does nothing to address the capital's (social power's) natural tendency
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