Maybe because Keynes did not use numbers.

Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901

http://michaelperelman.wordpress.com


-----Original Message-----
From: [email protected] 
[mailto:[email protected]] On Behalf Of Jim Devine
Sent: Thursday, March 12, 2009 6:31 PM
To: Progressive Economics
Subject: Re: [Pen-l] What is the Crisis About? Fictitious Capital or the 
Destruction of Wealth?

michael perelman wrote:
> Tobin's Q is a pretty weak macro variable, although Keynes took it
> seriously.  Why isn't it Keynes' Q?

I don't know. Tobin quotes & cites him.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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