Re: Sv: An Oxymoron

[phillp2@xxxxxxxxxxxxxxx]

Date sent:      	Sun, 18 Apr 1999 00:55:13 +0200
Send reply to:  	pkt@xxxxxxxxxxxxxxxx
From:           	"petesand" <petesand@xxxxxxxxxxxx>
To:             	POST-KEYNESIAN THOUGHT <pkt@xxxxxxxxxxxxxxxx>
Subject:        	Sv: An Oxymoron
Originally to:  	<pkt@xxxxxxxxxxxxxxxx>

> At the university where I study and where I am also an instructor, most of the professors, if not all, are New Keynesians/monetarists (to me the difference does not seem to be that big between these schools). So what we teach is basically a New Keynesian approach. That is also what the exam is
about - the ISLM model, the AD-AS model etc.
> When I say a good New Keynesian text book, I think of one that is good at explaining these theories.
>
> It is also my impression that some of the lecturers do not some to be aware of the fact that there are several interpretations of Keynes. What students are taught is that Keynes assumed a fixed price level and thus rely on the ISLM interpretation of Keynes. As anyone who has read the General
Theory will realize the ISLM framework does not do justice to Keynes. How can e.g. chapter 12 on long-term expectations be put in to the ISLM-model?

It seems to me strange that someone so willing to admit to his
ignorance of PK theories and his reliance on 'New" K theories is so
willing to accept mass media distortions of events in the Balkans
and endorse such murderous bombing of civilians etc.

Why do we repeatedly separate out theoretical worlds from our real
worlds?

Paul Phillips,
Economics,
University of Manitoba