Re: Uncertainty and Liquidity Preference

[Paul Davidson <pdavidson@xxxxxxx>]

At 12:26 PM 7/16/99 -0400, you wrote:
>
>
>
>in which he argues that two theories of value are needed for a proper
>analysis of a monetary production economy:  the labor theory of value
>and the liquidity preference theory of value, an
>"airy-fairy-Marxian-utopia".

You can draw your own conclusions.  I stick with what I said.

Paul
Paul Davidson
Holly Chair of Excellence in Political Economy
Economics Department -- 523 SMC
University of Tennessee
Knoxville, Tennesseee 37996-0550
email: Pdavidson@xxxxxxx;
phone: (423)974-4221;    fax: (423) 974-1686
http://econ.bus.utk.edu/Davidson.html