tag:blogger.com,1999:blog-6245381193993153721.post7143980424955027082..comments2024-03-17T00:23:24.896-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: The Natural Rate of Interest: A Wicksellian FableLord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6245381193993153721.post-60933917768008399962015-05-29T04:58:54.219-07:002015-05-29T04:58:54.219-07:00Your accusation of vagueness, though accurate, ign...Your accusation of vagueness, though accurate, ignores the context in which a blog exists. Blogs are simply a catologue of statements, each usually very short. The whole point of having a blog is to be vague when you like. Also, the Wickseian differential has nothing to do with figuring out the real interest rate per se, but rather to measure the stability of the financial system. It already assumes rates if interest. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-54885677079786876612015-04-26T22:14:59.830-07:002015-04-26T22:14:59.830-07:00I think my previous comment did not get through.
...I think my previous comment did not get through.<br /><br />Basically, I find your critique vague and not to the point. Of course there are different interest rates based on different risks, time preference, expectations. And if you think you will be paid off in inflated dollars, then of course you are going to try to raise the interest rate. <br />Thus, the real interest rate is the nominal minus the inflation rate. Aggregation is simply a simplification for use in models and understanding the economy. <br />moreanimalspiritshttps://www.blogger.com/profile/15221113685082150191noreply@blogger.comtag:blogger.com,1999:blog-6245381193993153721.post-89903921625012231202011-06-07T21:53:46.164-07:002011-06-07T21:53:46.164-07:00Thank for a nice and interesting blog.Yes it´s tru...Thank for a nice and interesting blog.Yes it´s true that about Wicksell that he in early year was inspired by Menger as well as Walras and Ricardo and equilibrum,but i thinks fair to say later in life his life as starter of the Stockholm school infact come to similar conclusion that todays post-keynsians! Stockholm school,a very hetorodox, independent but very close to Keynes<br />views stockholm school of economics and Wicksell infact refused equilibrium as such and in many sences <br />had simiar idees as post-keynsians.You could also in many ways include his student Gunnar Myrdal that developt his idees and could find even more i think similarites to post-keynsian thought in many ways.The most that Wicksell and the Stockholm schoolars were in swedish and therefore hardly known outside Sweden.But as a Swede i read a lot of.Anonymousnoreply@blogger.com