On Mar 7, 2009, at 5:46 PM, Jim Devine wrote:
"There are two fundamentally [sic] economic theories that attempt to explain the operations of a capitalist economy." (Davidson, page 2) only two?
Davidson is deeply anti-Marxist. Bob Pollin told me a story about how he was once on a panel with Davidson, and when Bob said something friendly about Marx, Davidson picked up the blue plastic water pitcher sitting on the table and demanded that Bob explain how a central planner could know how many of these pitchers to make, and in what color. Of course, Bob hadn't said anything about central planning, but Davidson couldn't control himself.
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