I believe Desai has written quite a bit about Hayek and the traverse and all that. It's interesting that the pre popular front Strachey refers to Hayek and Robbins as responsible thinkers aligned with the bourgeoisie as opposed to those professional economists who linked with New Deal politics shared--according to Strachey--the same delusions as fascists and adventurers as to the reformability of capitalism. I don't know if Desai has leaped from the left to right (and look forward to reading his book) but it would not be a difficult thing to do given Strachey's framework which (i don't know) he may have abandoned for a policy orientation towards the very purchasing power expedients he once mocked? At any rate, I think I read Desai saying somewhere that the future of the theory of accumulation remains in a synthesis of Hayek and Marx, not in Keynes. By the way, do Hayekian triangles have their roots in Tugan's theory of accumulation? rb
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