his work is very important i think. he sets up scenarios with simple
models, like
Y = C + I + G + X -M
or
S + T + M = I + G + X
and then can show, e.g., what would have to happen for expansion to
continue or to avoid a significant downturn, given things like trade
deficit and/or tight fiscal stance. or if credit would dry up in the
consumer sector. it is also interesting to look at his stuff in relation
to David Levy's forecasting, based on the Levy/Kalecki/Minsky profits
equation. It would be intersting to see him on pen-l.
-----Original Message-----
From: Michael Perelman [mailto:[EMAIL PROTECTED]]
Sent: Monday, July 16, 2001 2:59 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:15206] Re: RE: wynne godley
I was hoping for more fruit and less nuts.
On Mon, Jul 16, 2001 at 03:48:15PM -0400, Max Sawicky wrote:
> If the discussion is not fruitful,
> I'm sure it will be nutful.
>
> mbs
>
>
> Jim Devine has brought up Wynne Godley's work several times. He has a
new
> paper writter with a former penner, who had promised to return.
>
> I think that Godley may sign up to pen-l after he returns from
England. I
> hope that we can discuss his paper fruitfully.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail [EMAIL PROTECTED]
>
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
