ONE addition to Doug's restatement of Penny's comment: > > By the way, as Penny Ciancanelli put it, rather nicely I think, the Third > World got a Fisher-style deflation, while the First World gets Minsky > management. > > Doug And, the first world also gets a Steindl/Baran/Sweezy stagnation trend to go with its Minsky management! Mike > > -- > > Doug Henwood > [[EMAIL PROTECTED]] > Left Business Observer > 250 W 85 St > New York NY 10024-3217 > USA > +1-212-874-4020 voice > +1-212-874-3137 fax > > > -- Mike Meeropol Economics Department Cultures Past and Present Program Western New England College Springfield, Massachusetts "Don't blame us, we voted for George McGovern!" Unrepentent Leftist!! [EMAIL PROTECTED] [if at bitnet node: in%"[EMAIL PROTECTED]" but that's fading fast!]
