On Jun 17, 2009, at 2:38 PM, Max Sawicky wrote:
> Tell me if I'm wrong, but the thrust of this is that centralisation of
> credit permits banditry and is potentially dangerous, but it is not
> quite
> central to periodic breakdowns and crises under capitalism. For
> that you
> need Keynes & Minsky.
They help a lot, for sure. It's just unfair to Marx to say that he thought money and finance were peripheral.
Doug