Re: [OPE] Friedman and crises

From: Dave Zachariah (
Date: Wed Aug 13 2008 - 14:49:15 EDT

Hi Jerry,

you wrote:

> I think there is historically a fair amount of evidence for that
> perspective.
> But, a "crisis" here should not be interpreted narrowly only as an economic
> crisis. The crisis might occur even during a period of relative economic
> expansion and prosperity. For example, there might be a "legitimation"
> crisis.

I agree; I did not suggest that "crisis" was simply economic. Moreover, a
"legitimation crisis" is an ideological one and by a historical-materialist
theory of ideology that can only occur if there is a crisis in the material
practices that uphold it.

//Dave Z

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