Tuesday, November 01, 2005

WHAT I'M READING TODAY: THE GENERAL THEORY




Keynes:

"It can only be an unjust person who would prefer a flexible wage policy to a flexible money policy...it is only in a highly authoritarian society, where sudden, substantial, all-round changes could be decreed that a flexible wage-policy could function with success." (p. 268-9)

Take that Washington Consensus!

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