Re: Location of Keynes' quote

["Gary Santos" <evs@xxxxxxxxxxx>]

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 sub-normal activity for a
considerable period without any marked tendency either towards recovery or
towards complete collapse. Moreover, the evidence indicates that full, or
even approximately full, employment is of rare and short-lived occurrence.
Chapter 18.
----- Original Message -----
From: <bjm@xxxxxxxxx>
To: <pkt@xxxxxxxxxxxxxxxx>
Sent: Monday, February 10, 2003 8:16 PM
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