Re: [Pen-l] Quiggin on the Austrian Business Cycle

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Quiggin on the Austrian Business Cycle
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Mon, 4 May 2009 11:19:46 -0400

Sorry to keep up with the self-promotion, but I do cover a lot of this ground in Wall Street.

Many post-Marx Marxists never got beyond vol. 1 of Capital, and never got their heads around credit. That's not true if you read vol. 3, or TSV, or the chapter on money in the Grundrisse. But, if you broaden the def of money to include finance/credit, then even Marxists as smart as Anwar Shaikh take a rather fundamentalist view that causation only goes one way - from the real to the financial, and never vice versa.

But the underappreciation of money & finance is why many Marxists have turned to Keynes and Minsky.

Doug
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- Re: [Pen-l] Quiggin on the Austrian Business Cycle
  - From: Jim Devine

References:
- [Pen-l] Quiggin on the Austrian Business Cycle
  - From: Max Sawicky
- Re: [Pen-l] Quiggin on the Austrian Business Cycle
  - From: Bill Lear

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Thread context:
- [Pen-l] Review: When Skateboards Will Be Free, Louis Proyect Mon 04 May 2009, 13:21 GMT
- [Pen-l] Quiggin on the Austrian Business Cycle, Max Sawicky Mon 04 May 2009, 13:07 GMT
  - Re: [Pen-l] Quiggin on the Austrian Business Cycle, Louis Proyect Mon 04 May 2009, 13:14 GMT
  - Re: [Pen-l] Quiggin on the Austrian Business Cycle, Bill Lear Mon 04 May 2009, 13:46 GMT
    - Re: [Pen-l] Quiggin on the Austrian Business Cycle, Doug Henwood Mon 04 May 2009, 14:47 GMT
      
      Re: [Pen-l] Quiggin on the Austrian Business Cycle, Jim Devine Mon 04 May 2009, 14:57 GMT
      
      Re: [Pen-l] Quiggin on the Austrian Business Cycle, Doug Henwood Mon 04 May 2009, 15:04 GMT
      
      Re: [Pen-l] Quiggin on the Austrian Business Cycle, Jim Devine Mon 04 May 2009, 15:15 GMT
      
      Re: [Pen-l] Quiggin on the Austrian Business Cycle, Doug Henwood Mon 04 May 2009, 15:38 GMT

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