Re: Preobrazhensky's multiplier

From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Fri Oct 17 2003 - 05:42:27 EDT

Rakesh Bhandari wrote:

> Preobrazhensky discovered what Keynesians would later refer to as the
> 'foreign trade multiplier,' or the notion that a small increase in
> exports might generate
> a multiple expansion of domestic sales or forestall a multiple contraction."
> Rakesh

He may have done so, but it is far from clear that he fully understood it from
that statement.

Nature this week reports that Hutton had formulated natural selection
before Darwin, but Huttons formulation lacked the generality and centrality
of Darwins. This earlier suggestions of discoveries are interesting, but
dont undermine the importance of those who devote the attention to
clearly and explicitly bringing the idea to the light of day.

Paul Cockshott
Dept Computing Science
University of Glasgow

0141 330 3125

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