Re: Krugman's growth limit

[Alexander McLeod <amcleod@xxxxxxxx>]

On Thu, 9 Oct 1997, Mason A. Clark wrote:

>   Krugman has an essay at:
>
>     http://web.mit.edu/krugman/www/howfast.html
>
>    ( other Krugman at     http://web.mit.edu/krugman/  )
>
>   At a quick glance, he appears to be arguing that the growth
>   rate cannot exceed two percent.
>
>   Is he right?  He thinks so.
>
>   Is Krugman NK, PK, NC or what?
>
>       Mason C
>
>
Please do not send any more messages to this address on this subject.  I am
not interested.

However, I would welcome any reasoned response, pro or con, to:

(1) items posted at http://www.worldy.com/~sauta or ...sauta/quest1.hml,
(2) "The Problem Is Inflation-Control, Not Spending-Control", BANCA
     NAZIONALE DEL LAVORO QUATERLY REVIEW no. 193, June 1995,
(3) "A Critique of Neoclassicism and New Keynesianism", EASTERN
     ECONOMIC JOURNAL vol. 23 no. 1, Winter 1997, or
(4) any reasoned practical proposal for attaining approximately full
     employment without inflation, NOT INCLUDING Neoclassical or New
     Keynesianist proposals.

Alex N. McLeod, Professor Emeritus, York U., Toronto