a very conservative guy, but much more honest than Friedman. On 4/11/06, Michael Perelman <[EMAIL PROTECTED]> wrote: > From the belly of the beast > > Johnson, Harry G. 1968. "Problems of Efficiency in Monetary > Management." Journal of Political Economy, 76: 5 (September): pp. > 971-990. > > On Tue, Apr 11, 2006 at 06:25:03AM -0700, Jim Devine wrote: > > so who said it? (BTW, I don't think it's quite true. It ignores the > > complicating factor of the contradictions of capitalist accumulation.) > > > > On 4/10/06, Perelman, Michael <[EMAIL PROTECTED]> wrote: > > > Yes, you are right. > > > > > > > > > "From one important point of view, indeed, the avoidance of > > > inflation and the maintenance of full employment can be most > > > usefully regarded as conflicting class interests of the bourgeoisie > > > and the proletariat, respectively, the conflict being resolvable only > > > by the test of relative political only by the test of > > > relative political power in the society and its resolution > > > involving no reference to an overriding concept of the social > > > welfare.". > > > > > > Michael Perelman > > > Economics Department > > > California State University > > > michael at ecst.csuchico.edu > > > Chico, CA 95929 > > > 530-898-5321 > > > fax 530-898-5901 > > > > > > > > > -- > > Jim Devine / "There can be no real individual freedom in the presence > > of economic insecurity." -- Chester Bowles > > -- > Michael Perelman > Economics Department > California State University > Chico, CA 95929 > > Tel. 530-898-5321 > E-Mail michael at ecst.csuchico.edu >
-- Jim Devine / "There can be no real individual freedom in the presence of economic insecurity." -- Chester Bowles
