tag:blogger.com,1999:blog-2761684730989137546.post261249692491187162..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Hyman Minsky and the IS-LM obfuscation — Lars P. Syll mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-87259548513795376772023-01-27T08:01:22.224-05:002023-01-27T08:01:22.224-05:00MMT (thesis) should get with New Keynesian (antith...MMT (thesis) should get with New Keynesian (antithesis) to form a synthesis .. call it “MM Keynesian” or maybe “MMK” or something…<br /><br />Believers 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..,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-35889679327337451432023-01-27T07:55:37.934-05:002023-01-27T07:55:37.934-05:00https://link.springer.com/referenceworkentry/10.10...https://link.springer.com/referenceworkentry/10.1007/978-1-4020-8265-8_200183<br /><br />Hegel’s Thesis-Antithesis-Synthesis Model<br /><br />“ 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.”<br /><br />This is foundational…<br /><br />Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-8893297158095582972023-01-27T07:40:49.582-05:002023-01-27T07:40:49.582-05:00“New Keynesianism (typified by Paul Krugman) is no...“New Keynesianism (typified by Paul Krugman) is not Keynes,”<br /><br />Thesis + antiThesis = synthesis<br /><br />The synthesis is not either the thesis or the antithesis…<br /><br />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?<br /><br />This should not be surprising… it’s textbook Art degree 101…<br /><br />This is the way the Art Degree methodology works… <br /><br />Is it effective in this case? Does it result in improvements in our material systems administration and management here?Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com