Re: [OPE] Chris Harman on the spectre of Keynesianism

From: Gerald Levy (
Date: Sat May 10 2008 - 14:50:03 EDT

My analysis is I suppose similar to Toporowski's (in terms of the economic implications of "capital market inflation", which acquires an autonomous dynamic) but additionally I connect the sources of capital market inflation to the tendency of the industrial rate of profit to fall and to the saturation/monopolisation of markets, and, I try to show the effect of international capital transfers on the domestic economy. As I emphasized in my RRPE piece, "Keynesian policy, based on state intervention, assumed a national framework for policy". 
Hi Jurriaan:
What RRPE 'piece'?
In solidarity, Jerry

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