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Date: | Wed Dec 27 20:47:06 2006 |
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Steve Kates writes
>
> It may be my own fault for not being more explicit, but Hayek does
> understand exactly what Keynes is getting at.
He then proves his point by quoting Hayek who maintains that
Keynes means "exactly" what is written in the following parentheses
>'in the long run we are all dead' (i.e., it does not
> matter
> what long-range damage we do; it is the present moment alone, the short
> run -
> consisting of public opinion, demands, votes, and all the stuff and
> bribes of
> demagoguery - which counts).
Must one be a Keynes-fan in order to see that this is just slander if it is
claimed to be "exactly what Keynes is getting at"?
I challenge all those who claim that Hayek "exacly" portrayed Keynes in those
parentheses to show the
passages where Keynes did write any such thing. Is it not clear that Keynes
claims:
It is inhuman to wait for the long run to work out when short-run economic
political intervention can shorten economic hardship. Keynes aim is the
classical full employment state to be reached in the short run and not in the
long run. Where does he say "it does not matter what long-range damage we do"?
Michael Ambrosi
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