Re: Location of Keynes' quote

[Andrew Hunt <andrew.hunt@xxxxxxxxx>]

The quote is from Chapter 18 of the GT, around the fifth page.

'In particular, it is an outstanding characteristic of the economic system
in which we live that, whilst it is subject to severe fluctuations in
respect of output and employment, it is not violently unstable. Indeed it
seems capable of remaining in a chronic condition of subnormal activity for
a considerable period without any marked tendency either towards recovery or
towards complete collapse.'
-----Original Message-----
From: bjm@xxxxxxxxx [mailto:bjm@xxxxxxxxx]
Sent: 10 February 2003 12:16
To: pkt@xxxxxxxxxxxxxxxx
Subject: Location of Keynes' quote



Does anyone know the location of this quote? I had thought it was in the
last chapter of the GT, but I cannot seem to find it anywhere in the GT?

"It (the economy) seems capable of remaining in a chronic condition of
sub-normal activity for a considerable period, without any marked tendency
either towards recovery or towards complete collapse..." ??

Many thanks

Basil Moore