Re: [Pen-l] Paul Davidson sums up

[Doug Henwood <dhenwood@xxxxxxxxx>]

On Mar 7, 2009, at 5:46 PM, Jim Devine wrote:

> "There are two fundamentally [sic] economic theories that attempt to
> explain the operations of a capitalist economy." (Davidson, page 2)
>
> only two?

Davidson is deeply anti-Marxist. Bob Pollin told me a story about how  
he was once on a panel with Davidson, and when Bob said something  
friendly about Marx, Davidson picked up the blue plastic water pitcher  
sitting on the table and demanded that Bob explain how a central  
planner could know how many of these pitchers to make, and in what  
color. Of course, Bob hadn't said anything about central planning, but  
Davidson couldn't control himself.

Doug
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