tag:blogger.com,1999:blog-6245381193993153721.post3522195598191508864..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: An Introduction to Post Keynesian Economics by Engelbert Stockhammer and Victoria ChickLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6245381193993153721.post-65208436069584589102016-01-28T10:28:43.943-08:002016-01-28T10:28:43.943-08:00Are they advocating mere monetary policy without f...Are they advocating mere monetary policy without fiscal policy? I find that hard to believe. <br /><br />If, however, they advocate activist monetary policy with fiscal policy, they is a subset of Post Keynesians who support this:<br /><br />http://socialdemocracy21stcentury.blogspot.com/2013/03/post-keynesian-policy-on-interest-rates.html<br /><br />They are called the monetary activist Post Keynesians (Basil Moore [1988], Giuseppe Fontana, Thomas Palley), who, instead of an inflation target, advocate activist monetary policy as a useful tool for targeting output, investment or capacity utilization.<br /><br />There is also a school associated with Kaldor:<br /><br />http://socialdemocracy21stcentury.blogspot.com/2013/03/post-keynesian-policy-on-interest-rates.html?showComment=1363174976513#c6652925920669074239<br />Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-55716043150155077252016-01-27T07:29:48.369-08:002016-01-27T07:29:48.369-08:00Have you any view on the liquidity preference argu...Have you any view on the liquidity preference argument put forward by Victoria Chick, Ann Pettifor and Geoff Tily - generally via Prime Economics?<br /><br />One of the lines from Victoria in that presentation was that the rate of interest is too high to allow sufficient investment to create employment. <br /><br />And they all <a href="http://www.primeeconomics.org/articles/the-long-term-rate-of-interest-contrasting-the-council-of-economic-advisers-and-keynes" rel="nofollow">quote Keynes as justification</a><br /><br />NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-19336144231040046782016-01-27T06:43:39.824-08:002016-01-27T06:43:39.824-08:00Type the words “And we must not be misled by that ...Type the words “And we must not be misled by that imposing vehicle called the marginal efficiency of capital” into Google Books, and you can get the actual passage in Shackle’s <i>A Scheme of Economic Theory</i> and see what he said.Lord Keyneshttps://www.blogger.com/profile/06556863604205200159noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-52378791609166139422016-01-27T06:26:31.202-08:002016-01-27T06:26:31.202-08:00Thanks for the updated links, etc. could you brie...Thanks for the updated links, etc. could you briefly elaborate the way in which Shackle squared away his own disequilibrium views of economic processes with his acceptance of MEC mentioned above?<br /><br />Thanks.Dustinhttps://www.blogger.com/profile/00017006659765821678noreply@blogger.com