Well, we have already been through this with a lot of
people expressing strong skepticism, including Doug, but it
sure looks to me those early stages of the long wave
upswing, ooh ooh.
Barkley Rosser
On Fri, 7 Feb 1997 10:39:24 -0800 (PST) Thad Williamson
<[EMAIL PROTECTED]> wrote:
> At 04:34 PM 2/6/97 -0800, [EMAIL PROTECTED] wrote:
>
> >
> >My cursory reading of the domestic spending during the last few
> >years is:
> >government spending/GDP down;
> >private fixed investment/GDP up significantly
> >consumer demand/GDP flat.
> >
>
> Isn't this kind of an upset, a private investment-driven recovery and growth
> period? In the strict left Keynesian view (I think) this is isn't suppposed
> to happen very much. (I also have in mind the many left economic historians
> like DuBoff , and a recent paper by Vatter et al, who correlate significant
> growth periods in the 20th century with govt't/military expansion.) What's
> the explanation(s)? Interest rates, mainly? More stable business climate for
> investment? Something else?
>
> cheers,
> Thad
>
> Thad Williamson
> National Center for Economic and Security Alternatives (Washington)/
> Union Theological Seminary (New York)
> 212-531-1935
> http://www.northcarolina.com/thad
>
--
Rosser Jr, John Barkley
[EMAIL PROTECTED]
