Re: [OPE] Prabhat Patnaik, "Excessive Liquidity Preference"

GERALD LEVY wrote:
> Now would be a good time, I think, for Marxians to deepen and popularize
> their critiques of Keynesianism.

Agreed. Would that exercise not start, contrary to the impressive
Patnaik article, by stressing long-term overaccumulation (not liquidy
trap psychology) as the cause of crisis, and hence devalorisation of
overaccumulated capital as the necessary precondition to a recovery? I
don't know, just asking.

Patrick

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Received on Tue Apr 21 16:59:57 2009