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Re: German real wages in the Depression



On 6/8/05, tom walker <lumpoflabour@xxxxxxxx> wrote:
> O.K. So can you answer me this then, Jim: what do Keynesians ... have to say about Keynes' phase iii full employment theorem?  I thought not. <

are you talking about the idea of the euthanasia of the rentiers and
the increase in so-called leisure? if so, the various Keynesians have
totally ignored this and see them as examples of Keynes's foibles.
Maybe Joan Robinson was positive.

-- 
Jim Devine
"Segui il tuo corso, e lascia dir le genti." (Go your own way and let
people talk.) -- Karl, paraphrasing Dante.



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