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Re: Why economists do not care about high rates of unemployment w

Paul,
     I always agreed that in general the GT provides a
theory of unemployment equilibrium, including one that is
linear and single equilibrium.  I however argued before and
still maintain that it contains room for the multiple
equilibria view as well, see our earlier rather lengthy
discussion.  I never said one could not get out of Keynes
what you said you can.  I simply said it is also possible
to get more as well.
     Have a good uncertain period of nonergodic general
theorizing!
Barkley Rosser
James Madison University
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