Re: Globalization and its Discontents

["Harry L. Cook" <hlc710@xxxxxxxxxxx>]

Enron and the other corporate sponsors of CH more than got their money's
worth.  Portraying the triumph of neoliberalism over Keynesianism as a
battle of ideas is like explaining the collapse of Enron as an accounting
error.  In both cases corporate power, strategies and tactics are treated as
non-existent.
                    Harry L. Cook
----- Original Message -----
From: "Paul Davidson" <pdavidson@xxxxxxx>
To: "J. Barkley Rosser, Jr." <rosserjb@xxxxxxx>
Cc: <pkt@xxxxxxxxxxxxxxxx>
Sent: Saturday, April 20, 2002 6:24 AM
Subject: Re: Globalization and its Discontents


> At 04:10 PM 4/19/2002 -0400, you wrote:
> >      With regard to _The Commanding Heights_, I
> >   But the idea that his [Keynes's] views resembled
> >those of either Marx or Lenin are fairly ridiculous in general,
> >although much of his analytical framework can be found in
> >Marx, not a point recognized openly by Keynes himself.
>
> Not true at all! In his lectures leading up to the GT, Keynes specifically
> indicated that in the entrepreneurial system, the only function of the
> enterprise is to end up with more money than it started the production
> process with . Keynes then specifically indicated this was equivalent to
> the Marx 's
>   M-C-M' claim.
>
> \
>
> >And,
> >given the strong evidence that the spread of Keynesian policies
> >of various sorts has played a major role in stabilizing somewhat
> >macroeconomies in the post WW II era, the general thesis
> >of the series (and the book) that "Keynes was wrong and
> >Hayek and Friedman are right" is way overdone.
>
>
>
> And like most of Barkley's writings this is an understatement ---)!
>
> Paul
>
>