tag:blogger.com,1999:blog-6245381193993153721.post8286306408330024779..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: A US Wholesale Price Index 1860–1914Lord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-6245381193993153721.post-84437204206836289702014-08-26T13:05:25.289-07:002014-08-26T13:05:25.289-07:00I do not see how it could NOT be relevant. For exa...I do not see how it could NOT be relevant. For example, how would you explain supposedly depressed business confidence accompanied by unprecedented rise of living standard as measured (sort of) by per capita GNP? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-49466529938059496362014-06-04T00:07:45.853-07:002014-06-04T00:07:45.853-07:00It is likely the unemployment figures are wrong, a...It is likely the unemployment figures are wrong, and underestimates:<br /><br />http://socialdemocracy21stcentury.blogspot.com/2013/12/us-unemployment-in-1890s-who-is-right.htmlLord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-23969842822922829782014-06-03T20:05:34.452-07:002014-06-03T20:05:34.452-07:00FYI,
3-4% unemployment, which was the average duri...FYI,<br />3-4% unemployment, which was the average during the 1880's is phenomenal, especially compared to now.Edwardnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-27270717876565622462014-06-03T19:59:32.096-07:002014-06-03T19:59:32.096-07:00I'm very, very suspicious of all these figures...I'm very, very suspicious of all these figures. they don't jive at all LK. The 1880's in the US. was apparently a low growth period, yet unemployment was low???<br />Edwardnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-38700600451510861542014-06-03T09:45:41.047-07:002014-06-03T09:45:41.047-07:00http://socialdemocracy21stcentury.blogspot.com/201...http://socialdemocracy21stcentury.blogspot.com/2012/09/us-real-per-capita-gdp-from-18702001.htmlLord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-47545294325797458072014-06-03T09:45:05.603-07:002014-06-03T09:45:05.603-07:00I do not see how this is relevant to the question ...I do not see how this is relevant to the question whether deflation depressed business confidence and investment.<br />Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-37012455687858742342014-06-03T09:12:19.039-07:002014-06-03T09:12:19.039-07:00The real mystery, as far as I am concerned, is why...The real mystery, as far as I am concerned, is why us unemployment was so low in the 1880's period, given that real growth was small. <br /><br /> Given the numerous recessions in the 1873-1896 period, its remarkable that the the u.s. performed as well as 3.67 percent. (if you use the balke and gordon estimates) shouldn't a laissez faire policy have performed much worse than a 0.19% difference between the postwar era and the late nineteenth?Edwardnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-82052381262625985052014-06-03T08:58:27.833-07:002014-06-03T08:58:27.833-07:00Whereas in the postwar period, the united states h...Whereas in the postwar period, the united states had a restrictionist and racist immigration policy. It is easy to cheat, to make productivity higher than it is, by restricting the competition to domestic workers.Edwardnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-90122740766361209732014-06-03T08:56:18.309-07:002014-06-03T08:56:18.309-07:00Do you have evidence for real us gnp growth rate e...Do you have evidence for real us gnp growth rate estimates per capita? There was an elevated period of immigration to the us in the late nineteenth century.Edwardnoreply@blogger.com