Monday, April 6, 2015

On being a 'real Keynesian': Paul Sweezy's take

More on the issue of 'real Keynesians,' which I discussed here before. Paul Sweezy, a Marxist economist that was, however, very positive on Keynesian ideas, said this on Keynesianism:
This is from Colander and Landreth interviews in The Coming of Keynesianism to America. He was, a close friend and student of Schumpeter, and before writing his classic The Theory of Capitalist Development, still one the best introductions to Marx's economic thinking, he penned with several other Keynesian economists, including Lorie Tarshies, a little pamphlet called An Economic Program for American Democracy, in which several Harvard economists promoted Keynesian ideas.

PS: The point of my previous post was that under certain circumstances, and referring to policy issues, the left-wing Keynesian and the business-minded Keynesian are allies, by the way.

1 comment:

The budget, the fragile recovery and the next recession

I'm not a forecaster. I do macro, and worked for Wynne Godley at the Levy, but I feel that there are too many dangers in forecasting...