060501 Gardiner to Gang My book, The Evolution of Creditary Structures and Controls, is at last on sale. Palgrave is of course the publisher. One chapter...
Geoffrey Gardiner
geoffrey.gardiner@...
May 1, 2006 9:30 pm
10722
060504 Gardiner to Gang, Dear All, I have received six free copies of the book, sadly not enough for you all, and I must also bear in mind Philip Arestis who...
Geoffrey Gardiner
geoffrey.gardiner@...
May 4, 2006 8:36 am
10723
Thanks, Geoffrey. I expect to receive a review copy for a review in the Journal of Economic Issues, before August. I would be happy also to review for ...
Dear Geoffrey, It's splendid that ECSC is now out there in the marketplace and everyone is free to read the vitally important things that you have been saying...
Dear Geoffrey. My heartfelt congratulations on the publication of your book. Briefly re. the "control of credit by reserve assets" and why it doesn't work. All...
Dear Geoffrey. A brief addendum. Four key points insofar as "control of credit by reserve assets" is concerned are: 1. An effective central monetary authority...
Checking back I see that Randy sent three papers to the gang, including the Mexican one, on 7th March. Geoff...
Geoffrey Gardiner
geoffrey.gardiner@...
May 4, 2006 7:28 pm
10728
Dirk, You are right and put the points better than I could myself. I thought I might sound arrogant if I used a stronger term than "reconciled." Geoff ... ...
Geoffrey Gardiner
geoffrey.gardiner@...
May 4, 2006 7:37 pm
10729
The Palgrave flyer got lost in the ether back in January, but here is a copy. Send to whomsoever you like. Geof...
Geoffrey Gardiner
geoffrey.gardiner@...
May 4, 2006 7:51 pm
10730
Dear Michael. Very briefly. 1. Stephen Zarlenga is out to lunch on Creditary Economics. 2. You are lending your name to his monetary ideas. 3. What, then,...
Dear Geoffrey: Re. the following: I would like to think that we have reconciled Keynesianism and Monetarism, and merged the credit and state theories of money....
Dear Dirk. Re. the following: I agree on the state and credit theories of money, which never were rival theories. Comment: I disagree! The foundations of the...
Dear Gang First, an impertinence ... I like the thought of Economics as the "Physics of Value". Secondly, I posted this on IJCCR just now. It's probably been...
Dear Chris. The Gang knows no "impertinence" aimed at clearing our collective minds! *** The Samuelson concept of "economics" as "something else" IS...
P.S. Re. the following: "My hypothesis is that any Interest charged by a "Credit Institution" in respect of credit it creates in excess of the cost of...
Dear Chris, Yes, the credit creation to which you refer is inflationary. But credit creation is an INSTITUTIONAL system. Therefore, the key becomes what is...
Dear All, For your genral edification /correction, I copy my exchange with Robert Fischer. Perhaps this will spark some useful comments, in particular on point...
Hi Chris, My understanding of the inflationary pontential of credit is as follows. Inflation occurs when more money is created then can be productively used....
keith, mea maxima culpa... many thanks for correcting, v. sloppy It's because in Dutch they are the same word! But unforgivable in this context of course. Dirk...
Dear Dirk. Re. the following: There is no need for this to be inflationary. If the newly created money is used to produce new goods valued at the same amount...
Dear Gunnar, Let's engage in some scholarly debate then... Do I understand correctly that profit is zero becuase it is always included in costs, namely the...
Dear Dirk. Re. the following: The introduction of interest over and above the (zero) admin cost means that some money is taken away from the money value of his...
... From: Dirk Bezemer To: gang8@yahoogroups.com Sent: Monday, May 08, 2006 10:24 AM Subject: Re: [gang8] Re: ECSC - Creditary Economics vs. State theory of...
Dear Dirk and Gunnar, Obviously, we are speaking really of TWO sectors: Economy #1 (the goods and service production and consumption economy), and Economy #2...
Dear Michael. I don't recall where I read it 30 years ago - I think in Arthur Smithies' memorial article on Schumpeter - and, probably, the specific phrasing...
Dirk J Bezemer wrote: <<SNIP>> ... Yes, where it goes is as significant as how much there is. However, the significant point is the value of money is the...
Dear Geoffrey, Briefly re. Keynes' comment in Preface to the General Theory: "This book [unlike Treatise on Money] has evolved into what is primarily a study...
Dear Gang I prefer to distinguish between "Asset-based" finance aka "investment" in productive assets and "Deficit-based" aka "Credit"/"Debt" or "Time to Pay"....
Just a brief interjection - I am very surprised to find Michael quote 99 % as the share of credit going to the financial /property sector. Even taking 99 % as...
Gang, I've been following your despatches fron Norway and England on empty homes. Here is one from John Snow, of UK Channel 4 news, on an item in yesterday's...
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