******************** POSTING RULES & NOTES ******************** #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. *****************************************************************
For a Keynesian account of the even go to https://www.theguardian.com/business/2017/dec/17/heretics-welcome-economics-needs-a-new-reformation comradely Gary On Sun, Dec 17, 2017 at 11:40 PM, Louis Proyect via Marxism < marxism@lists.csbs.utah.edu> wrote: > ******************** POSTING RULES & NOTES ******************** > #1 YOU MUST clip all extraneous text when replying to a message. > #2 This mail-list, like most, is publicly & permanently archived. > #3 Subscribe and post under an alias if #2 is a concern. > ***************************************************************** > > Our protestors follow Luther, not Munzer. They want to replace Catholic > economics with Protestant economics, but they do not want to do away with > the religion of capitalist economics. They wish to correct a ‘capitalism > distorted by finance’, not replace the mode of production and social > relations. Indeed, this has been the dominant position of Rethinking > Economics as it seeks to reverse the dominance of neoclassical theory in > the universities. > > The result is that there will be no revolution in economics by following > Luther. Indeed, our Lutheran economists have gone little further than the > revisions to ‘neoliberal economics’ that mainstream ‘Catholic’ gurus are > considering too. Martin Sandbu in the FT pointed out that “economists are > debating intensively how to upgrade their understanding of the economy in > order to prepare better for future disruptions and provide better guides > for good policy”. Nobody could be more mainstream and Keynesian than > former IMF chief economist Olivier Blanchard and former US Treasury > secretary Larry Summers (who is related to Paul Samuelson, the pope of > mainstream ‘neoliberal’ economics in the 1970s, according to Chick). They > too want to ‘rethink economics’. Indeed, all the things advocated in the > 33 theses are being considered by the great and good of academic economics. > > full: https://thenextrecession.wordpress.com/2017/12/16/the-econom > ics-of-luther-or-munzer/ > _________________________________________________________ > Full posting guidelines at: http://www.marxmail.org/sub.htm > Set your options at: http://lists.csbs.utah.edu/opt > ions/marxism/gary.maclennan1%40gmail.com _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
