[lbo-talk] Risk and Keynesian Uncertainty

Doug Henwood dhenwood at panix.com
Fri Jul 29 07:11:29 PDT 2005


Tom Walker wrote:


>Doug Henwood wrote,
>
>> Keynes was writing during the Depression, a time of serious rupture.
>> That's not the way things are in advanced capitalist economies today.
>> The state has taken on the role that Negri wrote about in his essay
>> on Keynes - of stabilizing expectations.
>
>So does this mean Keynes was wrong because policies based on his
>ideas succeeded in reducing uncertainty?

Not at all!

I wrote about Keynes at some length in Wall Street. Pretty much everything I've ever thought about him is there. And you can download it for free: <http://www.wallstreetthebook.com>.

Doug



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