How about Michal Kalecki's "The Political Aspects of Full Employment"?
On Tue, May 3, 2011 at 2:03 PM, Eugene Coyle <[email protected]> wrote: > Brad DeLong asked a question below. When I read Abba Learner's The > Economics of Control I had a brief period of elation, thinking the public > sector could stabalize things. But only a brief reflection explained why > that can't work. Private businesses stop the public sector from building > and operating useful things. Military spending is fine, almost everything > else is off limits. So, if I could understand this in three or four days, > Marx probably was able to figure it out as well. > > Gene Coyle > > On May 3, 2011, at 10:52 AM, Brad DeLong wrote: > > The question remains. Given the absence of commercial crises and > depressions in the AMP and the FMP, why wouldn't replicating the building of > cathedrals, the building of aqueducts, or the conquest of Gaul stave off the > crisis and so allow capitalism to engage in stable, balanced growth? > > Lenin writes that the conquest of Gaul does--but eventually you run out of > Gauls. But that doesn't explain why the public sector can't stabilize things > via non-military Keynesianism. To my knowledge Marx never provided an > answer--but he was damned sure it wouldn't... > > Yours, > > Brad DeLong > > On Tue, May 3, 2011 at 10:20 AM, Doug Henwood <[email protected]> wrote: > >> >> On May 3, 2011, at 1:08 PM, raghu wrote: >> >> > Apologies for the terrible subject-line, but I am curious about >> > reactions to this critique of Marx's crisis theory by Bad DeLong >> >> This is what my late friend Bob Fitch liked to call Vol. 1 Marxism. Marx >> wrote plenty about credit, and believed, among other things, that it helped >> capitalism stretch beyond its boundaries. >> >> Doug >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l >> > > If economists could manage to get themselves thought of as humble, > competent people on a level with dentists, that would be splendid! > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > -- Sandwichman
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