Read the whole interview here. My guess is he is assuming that it would give competitive advantage to domestic production, and allow for growth without increasing imports too much. Costas seems to be less hopeful about the effects on exports, which would seem reasonable. I would suggest that relying on the exchange rate would not be sufficient, and that some sort of import substitution would be necessary too.Naked Keynesianism
Lapavitsas on Greexit
Matias Vernengo | Associate Professor of Economics, Bucknell University
2 comments:
Thanks, Tom.
Here's a much more detailed interview. Can't getter a better reading on Greece's pulse than you'll find here:
https://www.jacobinmag.com/2015/03/lapavitsas-varoufakis-grexit-syriza/
Promoted to a post.
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