[Gromyko] asked: ‘What, then, is your view of Marx’s arguments about the inevitability of economic crisis in capitalist society?’
[Keynes] answer was curious for the time: ‘I recognise that Marx’s argument had good grounds. But capitalist society has now developed and the possessing class has learned from experience how to cope with up with upheavals in the economy.’ [Gromyko] said, ‘One of the main points in Marx’s political economy was his theory of the law of surplus value and his analysis of the inner workings of capitalism. What is the main thing in what is now called Keynesianism?’ [Keynes] thought for a while and then said: ‘To be brief, the main point in my theory of state regulation is the need to maintain both effective demand and full employment.’ Andrei Gromyko, Memoirs, pp. 72-73 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
