Wages and Panic Buttons

Seth Ackerman SAckerman at FAIR.org
Fri Aug 6 11:10:26 PDT 1999


Doug wrote:


> This is related to the argument Michael Perelman makes in his book on
> Keynes: the softening of competition allowed by the (bastard)
> Keynesian state gave rise to a sloppiness among capitalists.
>
>

Can someone explain to me the salient differences between Bastard Keynesianism and the more "authentic" versions? do these differences have any real policy implications?

Seth



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