Re: expand/steady-state mkt. economy

[Cordell, Arthur: DPP]

Its the transition to a steady state system that is likely to be the
problem.  It will be interpreted as a depression --  unless, of course, we
plan to go to a steady state and similarly plan for the transition problems.
Unlikely to happen.
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From: [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: Re: expand/steady-state mkt. economy
Date: Sunday, February 07, 1999 2:12PM

Steve Kurtz wrote,

>for the borrowers...nearly everyone else! It is theoretically possible to
>have a steady state market economy. "Market" meaning the setting of prices
>(or barter values) by supply & demand.

Both J. S. Mill and Keynes saw a steady state economy as both feasible and
desirable.


regards,

Tom Walker