PIMCO quotes Minsky

Michael Perelman michael at ecst.csuchico.edu
Wed Jul 10 14:48:08 PDT 2002


Brad, what is this Sraffian stuff you are referring to?

On Wed, Jul 10, 2002 at 11:28:00AM -0700, Bradford DeLong wrote:
> High Keynesianism: Weirdness about how attempts to pierce the veil of
> time and ignorance involve not risk but Knightian uncertainty, and
> about how the theory of aggregate demand needs to be connected with
> Sraffian insights into the pricing of commodities produced by means
> of commodities. I have some High Keynesian leanings myself (the first
> branch, not the second branch), although I prefer to express them in
> the Shleifer-Vishny "limits to arbitrage" and "inefficient markets"
> language, rather than in the Davidsonian language that I have a hard
> time understanding.
>
>
>
> Brad DeLong

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

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu



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