> >Partial overproduction,yes, that a bourgeois economist easily understands; a
> >crisis of general overproduction--well that really shouldn't happen as long as
> >you tweak the money supply (or if you are Austrian didn't tweak with it too
> >much in the boom) and play with fiscal policy here and there. Brad believes in
> >capitalism under the guidance of wise men like him. Today. Tomorrow. And
> >Forever. It will take a general crisis to pound some dialectics into his head.
> >
> >Yours, Rakesh
>
> We Keynesians do *not* believe in crises of general overproduction.
> We believe in crises of deficient demand...
>
> Brad DeLong
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Kind of like arguing over which face of the necker cube is the "real" one, heh?
Ian