From: Riccardo Bellofiore (riccardo.bellofiore@UNIBG.IT)
Date: Fri Nov 19 2004 - 12:00:41 EST
At 8:22 -0800 19-11-2004, Rakesh Bhandari wrote: >Are your views close to Sydney Coontz's on productive labour and >effective demand? ops, I should go and check after so many years, so the fair answer is: I don't know >>it looks funny: some posts ago it seemed that I could be guilty of >>thinking that capitalism can be stabilized forever. > >Well perhaps you do think that capital accumulation is only possible >with external props, markets? no > >I am sorry I am not understanding how you are putting together >schools of thought. I am not putting together shool of thought: I am trying to insert topics which were raised by Schumpeter, or Keynes, or even Sraffa, in a Marxian framework. That is, first, from within (development of the Marxian legacy) and second I do not deny that points in Marx were wrong or that important points were discovered by Schumpeter, or Keynes, or others. That is, I could put it this way. Would you say Marx was putting together Smith and Ricardo? Me no: but he praises the former or the latter. They were object of critique (not criticism: it incoiprporates and reformulate the truths of Smith and Ricardo). I think that there has been a political economy after Ricardo until today, and our duty is to make a critique of the political economy of today. This is definitely not putting together. riccardo -- Riccardo Bellofiore Dipartimento di Scienze Economiche "Hyman P. Minsky" Via dei Caniana 2 I-24127 Bergamo, Italy e-mail: riccardo.bellofiore@unibg.it direct +39-035-2052545 secretary +39-035 2052501 fax: +39 035 2052549 homepage: http://www.unibg.it/dse/homepage/bellofiore.htm
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