Keynes became much like Kalecki as he got older, past the GT stage. But
unfortunately the war and his early death didn't give him to chance to
really display it.
At 01:03 AM 22/03/2002 Friday, you wrote:
>Re Steve K's [6794]:
>
> > All that Keynes was trying to do in his D1/D2 analysis was counter the
> > neoclassical view that if there are 2 markets and one goes down, the other
> > must go up--insufficient demand in one means excess demand in the other.
> > Keynes simply divided output into two markets and gave an explanation why
> > if one (consumption) went down, then the other (investment) was likely to
> > go down too--not up.
>
>A small point (perhaps): That sounds a lot more like Kalecki than Keynes.
>Kalecki, unlike Keynes, used reproduction schemes in many of his
>writings.
>
>In solidarity, Jerry
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