Re: Re: Re: Chomsky in the news

["Ian Murray" <seamus2001@xxxxxxxx>]

----- Original Message -----
From: "Michael Perelman" <michael@xxxxxxxxxxxxxxxxx>
To: <pen-l@xxxxxxxxxxxxxxxxxxx>
Sent: Wednesday, November 28, 2001 3:25 PM
>Subject: [PEN-L:20114] Re: Re: Chomsky in the news


> Ali's question is fascinating.  When the country gets too corrupt
and too
> chaotic, that is inconvenient.  When the country gets too
democratic, that
> too is dangerous.
>
> Maybe we could construct a mirror of Robert  Barro's estimation of
the
> appropriate level of democracy.

==============
Brian Barry's "Democracy, Power & Justice" has a chapter titled "Does
Democracy Cause Inflation" that might be a good place to start and
link it with Minsky's claims about the fiscal sector/gdp ratio a la
the socialization of investment........

Ian