Re: Stiglitz on Soros

[Paul Davidson <pdavidson@xxxxxxx>]

At 05:49 AM 5/12/02 -0400, you wrote:
> I sent this to the list and neglected to cc to
> you. Stephen
>
> Henry,
>
> With respect, I think the point of Keynesianism, and I should not speak
> for
> Paul but I presume this will apply to his reasoning as well, is to
> account
> for "human nature", whatever that is, and yet somehow find a
> way to apply an
> economic philosophy and set of policy positions which does humanity
> good
> _in spite_ of their sometime "natural" inclination to have it
> another way.
> i.e.: it is not as if Paul would be unaware of this dilemma. In fact it
> is
> this very dilemma, and its overcoming, which I would think lies at the
> heart
> of good Keynesian economic reasoning. And in my view, Keynes' way
> of
> reasoning has been uniquely successful in dealing with this problem of
> human
> psychology, even if not permanently. The issue to me is more one of
> attempting to successfully and permanently combat Machiavellianism. That
> to
> me _is_ likely impossible. But again, the goal of Post-Keynesianism, and
> I
> would think one of Paul's goals as well, is to go as far as one can there
> as
> well. 
>
> (Sorry if I'm imputing too much Paul. But I assume I am not.)
>  
> Stephen Block
.

Thank you Stephen!

Paul

Paul Davidson

Editor, JOURNAL OF POST KEYNESIAN ECONOMICS

Economics Department - University of Tennessee

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