Two from Brad

Doug Henwood dhenwood at panix.com
Wed Mar 27 10:28:39 PST 2002


Brad DeLong wrote:


>Now, this is not because I buy the Von Misesian argument implied by
>Doug Henwood that Keynesian full-employment policies are primarily a
>secret way of redistributing real income away from workers...

Eh? I think just the opposite - that full-employment policies are a way of increasing the wage share and squeezing profits, which is why capitalists don't like 'em. I'm 100% behind Kalecki on that one.

Doug



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