Robinson, Joan. 1962. "The Keynesian Revolution." in Joan Robinson, ed. Economic Philosophy (Garden City, NY: Doubleday Anchor): pp. 75-100. 99-100 "There is in some quarters a great affection for credit policy because it seems the least selective and somehow lives up to the ideal of a single overall neutral regulation of the economy. The enormous ideological attraction of the Quantity Theory of Money ... is due to the fact that it conceals the problems of political choice under an apparently impersonal mechanism."
On Thu, Aug 03, 2006 at 03:45:35PM -0400, Doug Henwood wrote: > I thought orthodox types like monetary policy because it's > "technical" and "beyond politics," while fiscal policy is inevitably > political. > > Doug -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
