RE: [OPE] Jane D'Arista on international Keynesian reformism

Date: Wed May 07 2008 - 08:43:08 EDT

Hi Patrick and Jurriaan:
Various state corporatist models are also possible.
In solidarity, Jerry
> > Patrick,> > ...The Left therefore puts forward Keynesian ideology in three main > forms:> > 1) The critique of "military Keynesianism" - military expenditure is > supposed to boost the economy (Ticktin, Perelman) or drain the economy > (Pollin etc.) or both at the same time.> > 2) Green corporatist Keynesianism - a populist alliance of > governments with big business which puts workers to work in Green jobs, > paid for by worker's taxes (Susan George, Al Gore etc.).> > 3) Post-Keynesian economics, in response to the incoherence of > neoclassical economics, rejecting general equilibrium models, revamping > monetary theory, and analysing market uncertainty (SOAS, Edward Nell, > Randall Wray etc.).> I haven't seen Susan George allied with Al Gore!> But beyond Post-Keynesian economics, surely there's also a fourth: the > call for euthanasia of rentiers, i.e., the populist attack on bankers.> And a fifth might be the critique of globalisation in Keynes' 1933 Yale > Review article, shared by the Seattle generation (and me too): "I > sympathize with those who would minimize, rather than with those who > would maximize, economic entanglement among nations. Ideas, knowledge, > science, hospitality, travel - these are the things which should of > their nature be international. But let goods be homespun whenever it is > reasonably and conveniently possible and, above all, let finance be > primarily national." Keynes, J.M. (1933), ‘National Self Sufficiency,’ > Yale Review, 22, 4, p.769.

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