The Contradictions of Keynesian Economic Policy

[michael perelman]

In these books, I was merely making the point that if you want capitalism, you are going to have to accept the
reality of recurrent crises [forgetting semantic niceties of crises for the moment].  Keynes never saw the
contradictions, and set out to save capitalism.  Conservative saw Keynes as the enemy of capitalism.

Charles Brown wrote:


> But isn't it true that neither the relief of the
> pressure that could lead to a crash or
> creating further problems that may well
> lead to even more severe pressures
> are conceived in terms of throwing
> out the capitalist system, by you or
> anyone who analyzes Keynes or
> Keynesianism on its own terms ?
> Or do you put a revolutionary twist
> on Keynes ? What would be
> a revolutionary twist on Keynes ?

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail michael at ecst.csuchico.edu