Re: Danby Seminar -- liquidity and Thirlwall

[Colin Danby <danbyc@xxxxxxx>]

I'm very grateful to Bruce for working through these issues
with me and I'll spend more time working on this over the
weekend.  In the meantime though there's one passage I'm not
clear on:

> The Thirlwall's law argument is *within* Davidson's
> world, in which the *lower* limit on a buffer stock and
> the *upper* limit on a buffer stock are very much assymetric
> boundaries.

What's the buffer stock we're talking about?  What's the
significance of the boundary asymmetry?

Thanks, Colin

PS I'll be away from the 'net for the next 48 hours or so.