"But Nathan there were certainly many post Keynesian economists who complained that it did work all too well."
i learned a long time ago that post-keynesian economics means a whole bunch of things to a whole bunch of people (i think jim and doug know this from participating in pkt). the closest i come to calling myself a post-keynesian anymore is calling myself a minskyan. but i usually don't do that either. there's a reason my email address is "somekindofheterodox" "They complained that inflation was kept under control at the expense of job growth and even the stability of the financial sector. See for example Ha-Joon Chang." isn't he an institutionalist? i can't keep track anymore. see above "As for Henwood, I am pretty sure that he has declared himself a hard money Marxist in response to Yglesias' call for a 4% inflation target" i would have to see his specific argument "some sharp questions as to whether inflation would work have been raised by Raghuram Rajan at his blog this depends on what "works" means. to be clear, i am very skeptical of the ability of interest rates to restrain money creation and certainly am skeptical of the mechanisms that lead people to conclude higher interest rates mean less inflation. i think that's a separate question from the positive and negative effects of inflation. "Graeber seems to wants debts restructured, cancelled, repudiated presumably so bourgeois society can get a fresh start." you know that's a low blow. Graeber is part of the, "we should improve the lives of regular people right now club". i am a member of that club. this doesn't mean we don't want to work to create a better society. if you read his fragments of an anarchist anthropology you will see his definition of a revolution differs markedly from marxist definitions. agree or disagree with him, fragments is a good guide to understanding his point of view. -- -Nathan Tankus ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
