. Dear Gunnar and James: Is the Consensus as follows - 1. Keynes' "General Theory" was not good enough to deserve such a presumptious title; it was designed...
7331
ChrisOfDulwich@...
j7chm
Jan 1, 2003 5:16 pm
. Henry paints a grim but realistic picture of China's transition from Maoist featherbedding of non jobs to a strictly market economy. Huge unemployment,...
7332
Gunnar Tomasson
gunnar_tomasson
Jan 1, 2003 5:26 pm
Dear Chris: I am inserting some comments below. Gunnar P.S. My comments on the General Theory turned out to be more detailed than I had envisaged - so I leave...
7333
Henry C.K. Liu
hckliu
Jan 1, 2003 7:24 pm
http://www1.chinadaily.com.cn/pn/2003-01-01/99792.html Premier Zhu Rongji chats with German Chancellor Gerald Schroeder during their trip on the unique maglev...
7334
Henry C.K. Liu
hckliu
Jan 1, 2003 7:27 pm
http://www1.chinadaily.com.cn/news/2003-01-01/99790.html news content . contact us | . about us Home BizChina Newsphoto Cartoon LanguageTips Metrolife ...
7335
Henry C.K. Liu
hckliu
Jan 1, 2003 7:48 pm
Chris is crrect that the world is different now than in Keynes' days. For one day, Keynes operated in a two assets world, share and bonds. To day, the variety...
7336
Gunnar Tomasson
gunnar_tomasson
Jan 1, 2003 8:34 pm
Henry: Re. the following: Keynes major contribution remains his focus on management of aggregate demand through full employment of rising wages. Comment: This...
7337
Henry C.K. Liu
hckliu
Jan 1, 2003 9:42 pm
Gunar: The American Keynesian construction went off tract in several ways after WWII. The most serious was its insistnace that aggregate demand be managed...
7338
j.schukte.baeuminghaus
cresscourt@...
Jan 1, 2003 9:48 pm
"For the past 30 odd years, this "keynesian" notion has been put to the test...." Gunnar, There has been no "Keynesianism" of any kind, genuine or fictional,...
7339
Gunnar Tomasson
gunnar_tomasson
Jan 2, 2003 2:38 am
FYI. Gunnar ... From: "Gunnar Tomasson" <gunnar.tomasson@...> To: "pdavidso"; <pdavidso@...> Cc: <pkt@...> Sent: Wednesday, January 01,...
7340
Gunnar Tomasson
gunnar_tomasson
Jan 2, 2003 2:46 am
Henry: Re. the following: Creditary economics needs to focus not only on the creation of credit but also on the flow of credit to a larger base instead of the...
7341
Gunnar Tomasson
gunnar_tomasson
Jan 2, 2003 2:52 am
Re: [gang8] More on Quo Vadis 2003James: I agree that the "keynesianism" of the past three decades - as in Milton Friedman's "We are all Keynesians now" and...
7342
Gunnar Tomasson
gunnar_tomasson
Jan 2, 2003 3:04 am
FYI. Gunnar ... From: "Gunnar Tomasson" <gunnar.tomasson@...> To: "pdavidso"; <pdavidso@...> Cc: <pkt@...> Sent: Wednesday, January 01,...
7343
Gunnar Tomasson
gunnar_tomasson
Jan 2, 2003 4:16 am
Paul: ... presumptious title; it was designed for a specific time and place, not for all times and all places. You reply: What sheer nonsense! As Robert...
7344
ChrisOfDulwich@...
j7chm
Jan 2, 2003 11:36 am
# CREDITARY ECONOMICS ON UNEMPLOYMENT AND INFLATION Henry writes, inter alia, "Creditary economics needs to focus not only on the creation of credit but also...
7345
ChrisOfDulwich@...
j7chm
Jan 2, 2003 11:58 am
. Commenting on my criticism that Keynes's "General Theory" was not general at all, one of Gunnar's correspondents responds : " What sheer nonsense! As Robert...
7346
j.schukte.baeuminghaus
cresscourt@...
Jan 2, 2003 12:51 pm
Chris, You reveal the generation to which you belong. If you had lived through the miseries of the 'thirties as a child and seen your life as a young adult...
7347
j.schukte.baeuminghaus
cresscourt@...
Jan 2, 2003 12:57 pm
Chris, I'll go along with this - the quality theory of credit. You realise of course that VOW practises what, until now, you no more than preach. James ...
7348
ChrisOfDulwich@...
j7chm
Jan 2, 2003 3:59 pm
. Without realising it, you rather make my point for me, James. You are of course right. Keynes's book IS a generation thing. No more than that. It applies to...
7349
Schulte-baeuminghaus
cresscourt
Jan 2, 2003 4:49 pm
"So far as VOW is concerned, I was not aware that it had put anything into practice, as yet, anywhere. Having a set of proposals - no matter how worthy - is...
7350
Gunnar Tomasson
gunnar_tomasson
Jan 2, 2003 5:13 pm
Paul: Let me address your points seriatim: 1. In response to my fellow Gang8 member's suggestion that "Keynes' "General Theory" was not good enough to deserve...
7351
Hudsonmi@...
Jan 2, 2003 6:41 pm
Re this discussion of a general theory, I was always taught just what Chris is saying -- that Keynes's book is NOT a general theory. In fact, I think we may go...
7352
j.schukte.baeuminghaus
cresscourt@...
Jan 2, 2003 7:48 pm
Michael, Does it matter whether it's called a general theory? The issue of real significance is what Keynes put in his book, which he could have called "My...
7353
ChrisOfDulwich@...
j7chm
Jan 2, 2003 8:15 pm
. James: As usual, I think you and I are more agreed than you imagine. First, though, "how does practice start"? you ask of VOW. It starts when a government,...
7354
Gunnar Tomasson
gunnar_tomasson
Jan 2, 2003 9:31 pm
Re: [gang8] Keynesian apologists and the "General Theory"James: Without vision, the people perish, somebody once suggested. Keynes concluded the General Theory...
7355
j.schukte.baeuminghaus
cresscourt@...
Jan 2, 2003 10:15 pm
Chris, I think we're both being clever - or trying to be - and serving very little purpose so far as clarification goes. James http://VictoryOverWant.org ...
7356
Henry C.K. Liu
hckliu
Jan 2, 2003 11:31 pm
The crux of Einstein's theory of relativity -- that E = mc 2 -- is under challenge, following evidence that the speed of light might be slowing down. The...
7357
G W Gardiner
geoffrey.gardiner@...
Jan 2, 2003 11:38 pm
021231 Gardiner to Gang8. The Lunatic Society: the friends who changed the world. When I was a schoolboy I occasionally needed to visit the Birmingham...
7358
G W Gardiner
geoffrey.gardiner@...
Jan 2, 2003 11:38 pm
Kevin, "Amen." There is of course a Greek version in two particles, spelt eta, mu eta nu and pronounced "air mairn." It means "yea verily" or "that is so" and...
7359
Kevin Donnelly
kevin@...
Jan 3, 2003 7:25 am
In message <001001c2b2a6$5d135ae0$bd51fea9@q1k2m4>, Gunnar Tomasson <gunnar.tomasson@...> writes ... That "somebody"; was the author or compiler of the...
