On 8/3/06, Daniel Davies <[EMAIL PROTECTED]> wrote:
In fairness, if you peek to the end of Paul Davidson's books, you find that
the policy prescription of the keeper of the flame of pur-sang
Post-Keynesian economics is ... a k% money supply rule. He just thinks that
k should be a very high number.
best
dd
what is "pur-sang"? pure-blooded?
how could he advocate a k% rule? doesn't he think the money supply is
endogenous?
I had written:
Brad deL had an article in the JOURNAL OF ECONOMIC PERSPECTIVES awhile
back about the nature of Monetarism. It seems that his "new Keynesian"
school is nothing but a reformed version of Monetarism.
--
Jim Devine / "Isn't it interesting that the same people who laugh at
science fiction listen to weather forecasts and economists?" -- Kelvin
Throop, III
