On 5/24/07, Charles Brown <[EMAIL PROTECTED]> wrote:
What is Marx's view of fiscal policy? and in the eyes of Marxism how would he fix the Macroeconomic policy?
I don't have the quote here, but it looks like Marx agreed with the pre-Keynesian consensus, i.e., that government deficits do no good in terms of stimulating economic activity. Many Marxists have argued that all that government deficits (stimulative fiscal policy) is to delay economic crises, making them worse. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
