Re. Creditary Economics

["Gunnar Tomasson" <tomasson@xxxxxxxx>]

Earlier today, I congratulated Geoffrey Gardiner on his "brilliant synopsis of Creditary Economics" on the PKT list.

 

The prompt dismissive comments by Harry Veeder and John O'Donnell suggest that they are an exception to the rule whereof Keynes once wrote as follows:

 

"If only Malthus, instead of Ricardo, had been the parent stem from which nineteenth-century economics proceeded, what a much wiser and richer place the world would be to-day!  We have laboriously to re-discover and force through the obscuring envelopes of our misguided education what should never have ceased to be obvious."

 

In economics, of course, the "obvious" is only so retrospectively - or, in O'Donnell's sagacious phrase, Much Ado About Nothing.

 

Gunnar