Economics Questions

Re: Critiquing Post-Keynesian

EEmr — Wed, 30 Jan 2013 19:51:25 GMT

Nice to see that this is still alive.

Found a decent post today

Sraffallacies: A Misesian Defense of ABCT (I) :

http://econo-miaytuya.blogspot.com.ar/2013/01/sraffallacies-misesian-defense-of-abct-i.html

Re: Critiquing Post-Keynesian

Smiling Dave — Sat, 26 Jan 2013 13:10:38 GMT

https://smilingdavesblog.wordpress.com/2013/01/23/summary-of-keynes-theory-and-the-flaws-in-it-that-any-layman-can-spot-a-mile-away/

Re: Critiquing Post-Keynesian

EEmr — Sat, 15 Dec 2012 05:38:16 GMT

More Nonsense on ABCT by Lord Keynes

Keen on Says law & Austrians

Re: Critiquing Post-Keynesian

EEmr — Fri, 02 Nov 2012 16:12:11 GMT

LOL, i feel the same way Catalan. There is a lot of narrative, labels and omissions that can be critiqued but it might become to much to nitpick about.

Re: Critiquing Post-Keynesian

Jonathan M. F. Catalán — Sun, 28 Oct 2012 17:34:52 GMT

Jonathan. Do you plan to write a review ? The more material on this, the better.

Yea, but I have to re-read a lot of the book. And, Keen invokes Sraffa, and I feel that I should have a stronger handle on him.

Btw, if we're collecting online source material: Piero Sraffa, Production of Commodities by Means of Commodities. Just be happy we he (Freudian slip?) only provided a "prelude," and as far as I know nobody has gone much beyond it.

Re: Critiquing Post-Keynesian

EEmr — Sun, 28 Oct 2012 14:33:27 GMT

The Upside-Down World of MMT - Robert Murphy
A critique of modern monetary theory

Aren't Deficits Another Name for Saving? Nope. - Robert Murphy

HuffPo Abolishes Scarcity - Robert Murphy

Are MMT and AE compatible - Smiling Dave

Robert P. Murphy on the Sraffa critique

Sraffa's Production of Fallacies by Means of Fallacies - Robert P. Murphy

EXPECTATIONS AND THE MEANING OF INSTITUTIONS - p 154 - Ludwig Lachmann
Lachmann discusses the Sraffa-Hayek debate

Earlier threads

An Austrian Critique of MMT ?

MMT redux

The Trouble with Modern Monetary Theory

Forum Critique of Chartalism and Post-Keynesians

Moderators, how can I, or can I edit my original post ?

Would save me time.

Re: Critiquing Post-Keynesian

EEmr — Sun, 28 Oct 2012 14:14:15 GMT

Conservative-Libertarian

I forgot about modern monetary theory, I will look for that. What is the other monetary theory called ? Circuit theory or something ?

Re: Critiquing Post-Keynesian

EEmr — Sun, 28 Oct 2012 14:13:05 GMT

Jonathan. Do you plan to write a review ? The more material on this, the better.

Re: Critiquing Post-Keynesian

Wheylous — Fri, 26 Oct 2012 13:25:54 GMT

Link?

Re: Critiquing Post-Keynesian

Smiling Dave — Fri, 26 Oct 2012 04:14:13 GMT

What's to deeply understand? The idea is simple: The govt has a printing press, will use it, and thats good for everyone concerned, as long as they dont print so much that they cause hyperinflation, or maybe normal inflation, whatever.

If they can print tons of free money, they dont need to collect taxes, obviously. [Here's where he forgets about the inflation proviso] Therefore, since everything the govt does is for a good logical reason beneficial to the economy, there must be another reason they collect taxes. And what is it? Some ridiculous thing or other, I don't remember, maybe to give value to the money, since you need it to pay taxes.

The top guy propounding this visited the forums here a while back, and IMHO was demolished.

Re: Critiquing Post-Keynesian

Conservative-Libertarian — Thu, 25 Oct 2012 23:30:13 GMT

I have noticed that "Modern Monetary Theory" has been growing in influence without any real challenge. I know Robert Murphy challenged it, however I don't think it was devastating because he self admittingly didn't deeply understand it.

Re: Critiquing Post-Keynesian

EEmr — Thu, 25 Oct 2012 23:16:25 GMT

Directed to "SkepticalMetal"

How is this relevant ?

Re: Critiquing Post-Keynesian

Smiling Dave — Thu, 25 Oct 2012 18:55:16 GMT

Jonathan,

Ty for restoring my faith in you.

Re: Critiquing Post-Keynesian

Jonathan M. F. Catalán — Thu, 25 Oct 2012 17:21:04 GMT

I found it a provocative critique of basic Neoclassical theory. The second half of the book (where Keen presents his own theory) I think is pretty bad, including his critique of Say's Law and his reformulation of Marxism.

Re: Critiquing Post-Keynesian

SkepticalMetal — Thu, 25 Oct 2012 16:51:32 GMT

I'd put anything by Israel Kirzner on here. Awesome guy.