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

[ECWFM@xxxxxxxxxxxxxxxxxxx]

i said this paragraph today:


"
After all this it surpises me that people of the non-orthodox persuasion can
say that Keynes  analysis showed it was possible to cure both flaws (less that
full employment and inequitable income distribution) with class warfare. I just
have to say that keynes showed nothing of the sort because he was a part of the
system's own ideology. an apologist. he did not show it because he failed to
understand the importance (at the crunch time) of the power of capital
interests and to the tools they would use to maintain those interests.
"
obviously i meant to type WITHOUT class warfare. sorry about that but i am sick
today.

kind regards
bill mitchell  economics department university of newcastle nsw australia
ecwfm@xxxxxxxxxxxxxxxxxxx