Doug Henwood writes: "with Marx very un-chic, many progressives ... have embraced JMK as an acceptable alternative." If there really are "many," Doug should have no trouble providing copious examples of progressives throwing over Marx for Keynes. If not, perhaps we can sustain a discussion without rhetorical attacks on phantoms. JMK's theory of an economy in which production takes time and requires financing, and his development of a class theory of capitalism based on the fact of its operation in historical time (see ch1 of the _Tract on Monetary Reform_ for a quick sketch), are useful supplements to the work of Marx in vols 2 and 3 of _Capital_. Taking advantage of these insights does not require you to buy into Keynes' politics. Best, Colin Danby
