Raghu:
>> And conversely what is the reason for current-day Marxists' animosity to 
>> Keynes?

Doug:

> Hostility to the idea that government policy can fix capitalism's problems 
> without a
> revolution. Strong emphasis on finance, which many Marxists view as secondary 
> or
> epiphenominal. Also the emphasis on psychology, which is deemed suspiciously
> subjective and "unscientific."

Good points. About the second, I blame Marx a bit: He is very
difficult to read and writes too long, at least, to my taste. Maybe
some Marxists also feel that way so that they get stuck in the first
volume of capital. If they keep reading the remaining volumes they may
see that Marx did not view finance secondary.

How could he? Even God takes finance very seriously: Why do you think
usury is sin in all major monotheistic religions?

By the way, I have no animosity toward neither Marx nor Keynes nor
Veblen nor Minksy and the list continues. They all contributed to our
attempts to understand what the heck is happening to us in big ways. I
am thankful to all of th

Best,
Sabri
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