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[Posted on behalf of Steve Keen. -- RBE] 
 
Barkley's quote from Marx moved me to put forward a related  
statement by Marx on the same issue, in which he explicitly rejects the  
foundation of "Say's/Walras' Law/Principle" that the sum of all notional  
excess demands is zero:   
 
"The capitalist throws less value in the form of money into the  
circulation than he draws out of it... Since he functions ... as an  
industrial capitalist, his supply of commodity-value is always greater  
than his demand for it. If his supply and demand in this respect  
covered each other it would mean that his capital had not produced any  
surplus-value... His aim is not to equalise his supply and demand, but  
to make the inequality between them .... as great as possible" (Marx  
1885)   
 
Steve Keen   
 
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