An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, January 26, 2023
Hyman Minsky and the IS-LM obfuscation — Lars P. Syll
Setting the record straight. New Keynesianism (typified by Paul Krugman) is not Keynes, nor is it a faithful rendition of John Hicks either.
“New Keynesianism (typified by Paul Krugman) is not Keynes,”
Thesis + antiThesis = synthesis
The synthesis is not either the thesis or the antithesis…
If a male and a female recombine to create another is the result of that recombination either the male or the female that recombined ? Or a synthesis of the two?
This should not be surprising… it’s textbook Art degree 101…
This is the way the Art Degree methodology works…
Is it effective in this case? Does it result in improvements in our material systems administration and management here?
“ A dialectic method of historical and philosophical progress that postulates (1) a beginning proposition called a thesis, (2) a negation of that thesis called the antithesis, and (3) a synthesis whereby the two conflicting ideas are reconciled to form a new proposition.”
“New Keynesianism (typified by Paul Krugman) is not Keynes,”
ReplyDeleteThesis + antiThesis = synthesis
The synthesis is not either the thesis or the antithesis…
If a male and a female recombine to create another is the result of that recombination either the male or the female that recombined ? Or a synthesis of the two?
This should not be surprising… it’s textbook Art degree 101…
This is the way the Art Degree methodology works…
Is it effective in this case? Does it result in improvements in our material systems administration and management here?
https://link.springer.com/referenceworkentry/10.1007/978-1-4020-8265-8_200183
ReplyDeleteHegel’s Thesis-Antithesis-Synthesis Model
“ A dialectic method of historical and philosophical progress that postulates (1) a beginning proposition called a thesis, (2) a negation of that thesis called the antithesis, and (3) a synthesis whereby the two conflicting ideas are reconciled to form a new proposition.”
This is foundational…
MMT (thesis) should get with New Keynesian (antithesis) to form a synthesis .. call it “MM Keynesian” or maybe “MMK” or something…
ReplyDeleteBelievers of that would think that we could never run “out of money!” as long as we saved enough during “the good times” or some shit..,