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RE: [Pen-l] What is the Crisis About? Fictitious Capital or the Destruction of Wealth?

Maybe because Keynes did not use numbers.

Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901

http://michaelperelman.wordpress.com


-----Original Message-----
From: pen-l-bounces@xxxxxxxxxxxxxxxxxx [mailto:pen-l-bounces@xxxxxxxxxxxxxxxxxx] On Behalf Of Jim Devine
Sent: Thursday, March 12, 2009 6:31 PM
To: Progressive Economics
Subject: Re: [Pen-l] What is the Crisis About? Fictitious Capital or the Destruction of Wealth?

michael perelman wrote:
> Tobin's Q is a pretty weak macro variable, although Keynes took it
> seriously.  Why isn't it Keynes' Q?

I don't know. Tobin quotes & cites him.
-- 
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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