On Fri, Apr 13, 2012 at 10:50 PM, Eugene Coyle <[email protected]> wrote: > I interpret Keynes' remark differently, based on a few paragraphs from > Skidelsky's new book, KEYNES: The Return of The Master. I'll paste the > passage below. I read that as an attack on General Equilibrium / > neoclassical economics, and a market adjustment of prices and quantities > more than connecting it with the quantity theory.
Thanks for sharing this. And even if Keynes had not meant it in that way, so what? His quote certainly seems like an excellent answer to "long-run" arguments of the type proferred by Shane. -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
