Josh, James K. Galbraith in his semi textbook Created Unequal discusses various ways to manage Keyensian economic policies. It maybe that knowing about Keyensian economic policy is one thing and managing Keyensian economic policy is another can of worms. It's sort of like knowing about a car and driving a car. Although, your much better off knowing about it before you drive it. That doesn't necessarily guarantee it's going to be a smooth ride.
Following along with the above analogy, Mike Perelman has brought up a very topical road hazard. Sort of like roofing nails in the road. There are tons of them being dumped in the road today. At what point does competiton become counter productive and in what segments of the economy. Hey, Mike what's an autographed copy going to cost me?
Then there's the economics of road-kill, but, I'll leave that for another post.
Sincerely, Tom L.
joshua william mason wrote:
> I feel churlish persisting in this argument because I've barely begun to
> read the various books you've reccomended. This weekend I'm heading to
> Labyrinth and the Columbia library...
>
> On Thu, 19 Nov 1998, Rakesh Bhandari wrote:
>
> > Quite the opposite. Brenner is arguing that terminating Keynesian
> > stabilization may well work to revive growth. Brenner is blaming Keynesian
> > stabilization for "insufficient adjustment to manufacturing overcapacity,
> > market by insufficient exit and too much entry."
>
> Obviously I wasn't clear; this is exactly the argument I was attributing
> to Brenner. But I don't get it: can't Keynesian policies *change* the
> amount of exit and entry required? Why isn't it possible to expand demand
> to the point where all existing manufacturing capacity can be profitably
> employed? The issue here is that Brenner doesn't offer a good answer to
> this question, not that there isn't one. Michael Perelman's very
> interesting piece here (when's the book coming out?) offered one
> possibility--but one that you won't find in Brenner's essay, in part
> because competition as half the competition-monopoly dyad doesn't exist
> there.
>
> Greg Nowell has been making these same points better than I'm likely to.
>
> Josh