[lbo-talk] credit crunch

Doug Henwood dhenwood at panix.com
Sat Jan 3 11:42:10 PST 2009


On Jan 3, 2009, at 10:45 AM, Carrol Cox wrote:


> Doug Henwood wrote:
>>
>> <http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1297337>
>>
>> [Chari, Chistiano and Kehoe (2008), cited in the quoted passage, is
>> the Minneapolis Fed paper]
>>
>> Bank Lending During the Financial Crisis of 2008
>
> An interesting summary of observed factual material, but it would be
> more interesting to see some serious attempt to analyze the meaning of
> those facts. By themselves they are meaningless. (See Grunmdrisse on
> facts & relations.

See the collected works of Keynes, Minsky, etc.

Doug



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