tag:blogger.com,1999:blog-6245381193993153721.post1689108366971884423..comments2024-03-28T17:08:15.784-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Steve Keen on Behavioral Finance, Lecture 6Lord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6245381193993153721.post-15705260439047670132011-09-15T11:22:00.138-07:002011-09-15T11:22:00.138-07:00Then you should have written: "...which suppo...Then you should have written: "...which supports the theory of endogenous money, which is subscribed to by many tribes, including the Post Keynesian one." <br /><br />But your chosen phrase is good as far as branding goes.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-12822046230772173462011-09-15T11:04:27.383-07:002011-09-15T11:04:27.383-07:00I am well aware that the idea was held by others ...I am well aware that the idea was held by others and before the emergence of modern Post Keynesianism. <br /><br />The expression "Post Keynesian theory of endogenous money" doesn't deny that, but merely that the theory IS part of modern Post Keynesian theory.Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-12195392646601062532011-09-15T10:50:11.410-07:002011-09-15T10:50:11.410-07:00"which supports the Post Keynesian theory of ..."which supports the Post Keynesian theory of endogenous money." <br /><br />Endogenous money is not post Keynesian, it's a very old idea that is common to many schools. A post Keynesian trying to claim endogenous money as its own is like Ferrari saying it is the only car brand with a claim on the concept of tires. But tribalism runs strong, even in a discipline that is (supposed to be) scientific.JP Koninghttps://www.blogger.com/profile/02559687323828006535noreply@blogger.com