For the record, I'm not in favor of any and all profit-driven investment
programs. I do think we need to understand better how the system works,
however. It is not clear to me (or to lots of other folks on and
off this list)
whether the "speculative versus real finance" story is logically
At 08:05 AM 1/10/01 -0800, you wrote:
For the record, I'm not in favor of any and all profit-driven investment
programs. I do think we need to understand better how the system works,
however. It is not clear to me (or to lots of other folks on and off
this list)
whether the "speculative versus
Brad DeLong wrote:
For the record, I'm not in favor of any and all profit-driven investment
programs. I do think we need to understand better how the system works,
however. It is not clear to me (or to lots of other folks on and
off this list)
whether the "speculative versus real finance"
Brad, I think the context of this discussion should make it clear that the
distinction hovers loosely around Keynes, who flirted with it. The issue is
not the evils of finance, bankers, cosmopolitan Jews (of which I am one),
etc., but analytically whether the channeling of finance to markets in
Peter Dorman wrote:
Brad, I think the context of this discussion should make it clear that the
distinction hovers loosely around Keynes, who flirted with it. The issue is
not the evils of finance, bankers, cosmopolitan Jews (of which I am one),
etc., but analytically whether the channeling of
For the record, I'm not in favor of any and all profit-driven investment
programs. I do think we need to understand better how the system works,
however. It is not clear to me (or to lots of other folks on and
off this list)
whether the "speculative versus real finance" story is logically
