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RE: [Pen-l] a dialogue

Jim Devine writes:

The "Austrians" assume that the economy oscillates around full employment, totally ignoring Keynes' lessons.

Do the "Austrians" (why the scare quotes?) "ignore" Keynes or do they "disagree" with Keynes.  It is hard for me to imagine any group that worked harder to understand and critique Keynes than the Austrians.

David Shemano

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