Re: US Trade Deficit As 'World Engine Of Growth'?

["William B. Ryan" <william_b_ryan@xxxxxxxxx>]

Professor D., it should be evident that John V.
attributes all economic malaise to inadequate
spending of profit from earnings by entrepreneurs--a
variation of Silvio Gesell's theory.  And Gunnar T.
thinks it is due to inadequate "final demand
inflation," a variation of John Law's theory.  I
should think that Keynes goes somewhat beyond either
in terms of sophistication in analysis.


----original message----
It can then be shown that capital can only "have
been" and not "is" profitable; based not on any level
of wages, but on the degree of direct spending of
profit income within the time limit set by creditors
with the power to pull the plug.
-----------------------------


Do not try to put this lame explanation on me.






____________________________________________________________
Get advanced SPAM filtering on Webmail or POP Mail ... Get Lycos Mail!
http://login.mail.lycos.com/r/referral?aid=27005