Richard, this looks really good. I had not picked up Lord Turner's comment but it makes huge sense. I argued along the same lines in my recent Economic Affairs...
Thanks Dirk. Do you make this point in your paper? Great. It needs to be emphasised. I made it in my book New Paradigm in Macroeconomics, Palgrave Macmillan,...
http://www.atimes.com/atimes/Global_Economy/KJ15Dj01.html *Oct 15, 2009* *Great expectations* By Chris Cook My first reaction on reading of President Barack...
091015 Gardiner to Gang Last evening I attended the latest of Richard's seminars at the Management School at Southampton University. Incidentally the campus at...
Dear Geoffrey, Thank you for attending the seminar, and thank you for your write-up. And your kind comments. It was a pity that we did not have more time for...
Hear, hear .... - but it certainly took a while for so many to see the obvious .... Arno ... Subject: Financial Crisis: How Economists Went Astray Date: Sat,...
Nothing of importance, Dirk. sorry to be so long checking Geoff ... From: Dirk Bezemer To: gang8@yahoogroups.com Sent: Thursday, October 01, 2009 8:14 AM ...
Dirk, I have been in touch with Charles. I attach my addition to his arguments which I sent him today. Credit, as we all know, needs to be got into the IS/LM...
What a pity Steve has to use a new definition of 'working capital'. Debtors, stock and work-in-progress are incuded in the accountants' definition. The...
The root of the problem indeed! So economists go back to their childhood and recall what they put in their piggy banks. Geoff ... From: "Hugh Whinfrey"...
Geoffrey, this is very clear. As I wrote in connection to developing countries, the attempt to fill their 'savings gap' by aid so that they can reach the...
Dear Geoffrey. Keynes was ruthlessly logical - when he knew what he was talking about! When not, he appealed to prevailing (and possibly illogical) opinion. ...
Dirk, A quick reply as I have to go out. I may be able to substantiate the figure by examining the accounts of companies which sell mainly imports. The...
Hi all, News: Soros is setting up shop (semi-)academically - he brought together some luminaries (Stiglitz, Spence, Mirrlees) and is offering 50 mln in funding...
A THEORY OF HOW INTERNATIONAL RESERVES AND EASY MONEY CAUSED THE CRISIS Guillermo Calvo, 27 October 2009 How did turmoil in the US subprime mortgage market...
Profits International Encyclopedia of the Social Sciences | 2008 | Copyright 2008 Gale, Cengage Learning. All rights reserved.. (Hide copyright information)...
This is great, Dirk. Very concise and makes the points well. It looks like the FT is pushing this approach. I hope we can all follow up with a good colloquium...
Dear Dirk. Brilliant! Many years ago I concluded that there was no point in discussing sensible monetary - creditary - economics with established academic and...
Very nice Dirk! I do not disagree on anything! ;-) You are certainly paving the way for more constructive efforts for reform. BTW. I just read a Norwegian...
Dear Arno, I¹m off to a university city today, and again to Wuhan on Sunday for two days. So my question is: do you know where Sun Yat Sen talked about List? ...
Re: [Fwd: Re: [gang8] Lending must support the real economy] Dear Michael, Re: List I would be very happy to get some references. As far as I know, Sun did not...
Hi Mark, Please do! I look forward to reading this. I think much of CBI, inflation targeting etc. were red herrings and some screens for the brute fact of...
Dirk, ... the pursuit of capital gains for their own sake, and which favours growth of the real economy. - goes against the whole foundation of our economic...
.. From Chris Meakin, Friday 6 November 2009 Hi Guys : Someone please tell me I've got this wrong, but my reading of what is happening in the UK at the...
. From Chris Meakin, Saturday 7 November 2009 (This replaces a broadly similar posting by me dated Friday 6 November which inadvertently included some...
Hi Chris, This sounds like my Quantity Theory of Disaggregated Credit. When did you formulate yours? Have you taken a look at my formulations and empirical ...
Richard Werner writes: "This sounds like my Quantity Theory of Disaggregated Credit. When did you formulate yours? Have you taken a look at my formulations...
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