Read it at Naked Keynesianism
The capital debates: A brief introduction
by MatÃas Vernengo
by MatÃas Vernengo
(h/t "Lord Keynes" at Social Democracy for the 21st Century)
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3 comments:
Anybody fancy having a go at explaining the explanation.
Some of it went in, but not all of it.
@ Neil
Peter Cooper, Vernengo on Keynes vs Neoclassical Synthesis
Really good post by Vernengo.
Neil, as Tom mentions, I took a stab at summarizing an earlier post on the topic by Vernengo. You might want to read (or re-read) the Naked Keynesianism post I was summarizing. Then I think the best medicine is to read Vernengo's latest post again, and then again. That's what I'll be doing. :)
His posts are always good, but I find him especially good on this topic.
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