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Re: Colander and NK (by now, equilibrium versus ?) <01H7V4WGIXA08WXZLK@csdvax.csd.unsw.EDU.AU>
- Subject: Re: Colander and NK (by now, equilibrium versus ?) <01H7V4WGIXA08WXZLK@csdvax.csd.unsw.EDU.AU>
- From: wpc@xxxxxxxxxxxxxxx 19 Jan 94 11:17 GMT
- Date: Wed, 19 Jan 94 11:17:55 +0000
Steve Keen says that firms do not destroy capital when profit
becomes negative. During a slump large quantities of capital
is destroyed either as a deliberate move by cartels to limit
production, or as a result of the firms with negative profits
going into liquidation. It is however unlikely that the
quantity of capital destroyed is a simple linear function of
the rate of profit.
- Thread context:
- Re: More equilibrium, stasis and death, (continued)
- Graduate Programs,
RICHARD P.F. HOLT Wed 19 Jan 1994, 17:07 GMT
- Re: Equilibrium, stasis and death 19 Jan 1994 04:11:56 -0700 from <wpc@cs.strath.ac.uk>,
Jim Devine Wed 19 Jan 1994, 16:26 GMT
- Re: Colander and NK (by now, equilibrium versus ?) <01H7V4WGIXA08WXZLK@csdvax.csd.unsw.EDU.AU>,
wpc Wed 19 Jan 1994, 11:17 GMT
- Re: Equilibrium, stasis and death <9401181758.AA07494@mason1.gmu.edu>,
wpc Wed 19 Jan 1994, 11:10 GMT
- apologies,
allin cottrell Tue 18 Jan 1994, 22:53 GMT
- Re: Colander and New Keynesian Economics 17 Jan 1994 11:22:04 -0700 from <FAC_BROSSER@VAX1.ACS.JMU.EDU>,
Jim Devine Tue 18 Jan 1994, 20:53 GMT
- PEN-L,
Brian Eggleston Tue 18 Jan 1994, 20:30 GMT
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