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

[Gunnar Tómasson <gunnar.tomasson@xxxxxxxxxxx>]

Bill:

Don't mistake Professor D's analysis for that of Keynes.

Gunnar

----- Original Message -----
From: "William B. Ryan" <william_b_ryan@xxxxxxxxx>
To: <pkt@xxxxxxxxxxxxxxxx>
Sent: Monday, September 29, 2003 3:19 PM
Subject: Re: US Trade Deficit As 'World Engine Of Growth'?


> 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.
>
>
>
>
>
>
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