Re: Why nobody listens to Keynesians

[Harry Veeder <aa361@xxxxxxxxxxxxxxx>]

> >Harry Veeder:
> > I feel Keynesian economic philosophly is inappropriate for those societies
> > and communities which do not make a strong positive link between social
> > comfort and the acquisition and display of positional status goods. Or to
> > put it another way,  Keynesian economic policy enjoys popular support
> > among those cultures where a significant fraction of social esteem is
> > dependent on the acquisition and display of positional goods. The current
> > unpopularity of Keynesianism is due, in part, to a general shift in social
> > values which make the pursuit, possession and therefore production of such
> > positional goods less necessary for an individual to feel "social comfort."

Paul Rosenberg:

> So, Keynes is unpopular now because we're so much less materialistic and
> status-conscious than we were in the 60s or the the 30s???
>
> Nice try! <G>

Harry Veeder:

Let me try again. I didn't say we were less status-conscious. I was
trying say that in terms of one's social status, positional goods play a
less important role then they once did. What exactly are you
disputing? I only suggested this might be one factor contributing to the
unpopularity of Keynesianism.


Harry Veeder