Mike Norman Economics

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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Showing posts with label Jean-Baptiste Say. Show all posts

Showing posts with label Jean-Baptiste Say. Show all posts

Sunday, June 29, 2014

Lord Keynes — A Puzzle about Say’s Law

The fundamental assumption is that left to itself everything (all factors) adjust (in aggregate) in the long run although there may be short...

Wednesday, February 26, 2014

Barkley Rosser — Jean-Baptiste Say Did Not Believe In Say's Law

Short must-read. So much for invoking "Say's law" against fiscal stimulus to offset demand leakage and unemployment. He antici...

Thursday, January 24, 2013

Bill Mitchell — Keynes and the Classics Part 6 & 7

While I usually use Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleagu...

Monday, December 10, 2012

Lord Keynes — Rise of the Robots?

More on automation and robotics, and Jean-Baptiste Say. LK points out that Say thought that public policy would be needed to bolster the e...

Sunday, June 10, 2012

"Adam Smith and the Myth of Laissez Faire"

Free, unregulated markets -- those absent government oversight of any kind -- are not the same as the ideal competitive markets found in te...

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