Wednesday, March 20, 2013

kalecki 's bull's eye on neo libs

"Even those who advocate stimulating private investment to counteract the slump
 frequently do not rely on it exclusively, but envisage that it should be associated with public investment."


"  It looks at present as if business leaders and their experts (at least some of them)
would tend to accept as a pis aller public investment financed by borrowing
as a means of alleviating slumps."

"  They seem, however, still to be consistently opposed to creating employment
by subsidizing consumption and to maintaining full employment."



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