He did not borrow freely from Marx, that is going too far. Keynes believed that public spirited businessmen could take the lead in organizing spending to get out of the depression. He took no account of either replacement investment or new technology.
But he was a brilliant economist -- like Robinson, more interested in devising policies than in deep theory (not a flaw). On Mon, Jul 18, 2011 at 5:27 PM, raghu <[email protected]> wrote: > On Mon, Jul 18, 2011 at 3:35 PM, michael perelman > <[email protected]> wrote: >> Lou is right about Keynesianism, but Keynes was not a Keynesian. For >> all his defects, he looked forward to an increase in leisure rather >> than production. >> > > > I am curious: from a Marxist perspective what exactly are the > `defects' of Keynes? As I understand it, Keynes borrowed liberally > from Marx's ideas (though never gave him credit), but nevertheless > rejected Marx's program for proletarian revolution. Is that an > accurate summary? > -raghu. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
