>From Jim:
> For example, in his CAN "IT" HAPPEN AGAIN?, Minsky has a
clearly-defined
> distinction between hedge financing, speculative financing, and Ponzi
> financing.
Right, but this is a distinction about the mode of financing, not about
the character of the asset financed, and changes in f
>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 channe
>Brad, I think the context of this discussion should make it clear that the
>distinction hovers loosely around Keynes, who flirted with it.
It does indeed. Not one of his nicer intellectual moves...
Brad DeLong
Aha, now it can be told. Keyne's macro heresies were just a sublimation of his
deep-seated anti-semitism...
Peter
Doug Henwood wrote:
> Peter Dorman wrote:
>
> >Brad, I think the context of this discussion should make it clear that the
> >distinction hovers loosely around Keynes, who flirted w
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 o
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
e
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 fin
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 "speculati
>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
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
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 sound.
> Barnet Wagman wrote:
>
> > > Once current income starts whirling around in the speculative
> > > sector, it can stay there for a very long time.
> >
> > This is an issue that I've never seen addressed very clearly. Actually,
> > I'm not sure I've ever really seen it addressed at all (except i
12 matches
Mail list logo
