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Re: Samuelson = heretic ?



Jim wrote:

another element (for the US, the capitalist world hegemon) was the rise of the large peace-time military, the "warfare state," so that his "modern mixed economy was (Jim O'Connor's) "warfare-welfare state."

Where did James O'Connor first use this _expression_ "warfare-welfare state" ? Was it in his book Fiscal Crisis of the State ?

As far as I remember, at the end of world war 2 Paul Samuelson thought that capitalism was doomed, whereas around 1970 he said that the problem of cyclical economic fluctuations had now been solved.

Jurriaan

 

 

 

 


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