Re: Putting Chartalism In Its Place?

[Bill Mitchell <ecwfm@xxxxxxxxxxxxxxxxxxxxxxx>]

Dear Barkley


>      Not true.  Many, although not all, principles
> texts usually do make some mention, even if
> only briefly so, of the Marxian theory of value
> and that it implies that profit is surplus value
> exploited from workers.  The one I am currently
> using to teach macro principles does so
> for about a half a page  (Colander, 5th edn.).
> I would grant that these books do not then
> adopt this theory throughout as the corrrect one
> to be generally used throughout.

well half a page. that is really lashing out in an excessive
manner. And how much is devoted to exposing the myth
of the Government Budget Constraint?

best wishes
bill


------

William F. Mitchell
Professor of Economics
Director, Centre of Full Employment and Equity
University of Newcastle
New South Wales, Australia
E-mail: ecwfm@xxxxxxxxxxxxxxxxxxxxxxx
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