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Date: | Fri, 18 Nov 2011 18:08:33 -0500 |
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On 11/17/2011 11:40 PM, James C.W. Ahiakpor wrote:
> I asked Alan yesterday to ... appreciate why Keynes would
> say that his theory was "more easily adapted to the
> conditions of a totalitarian state." Instead, he chose to
> truncate my message and then declare me as having grossly
> misinterpreted Keynes and also asked me to read someone
> else's restatement of Keynes's preface!
I did not suggest reading Schefold for his "restatement".
As I said, if you don't have access to the all of the
relevant paragraph in the German editions (unfortunately,
not fully reproduced in Collected Works), see Schefold's article.
Schefold provides a translation of the key paragraph in the
German edition of the GT. Here is the relevant passage:
For I confess that much of the following book is
illustrated and expounded mainly with reference to the
conditions existing in the Anglo-Saxon countries.
Nevertheless the theory of output as a whole, which is
what the following book purports to provide, is much
more easily adapted to the conditions of a totalitarian
state, than is the theory of the production and
distribution of a given output produced under conditions
of free competition and a large measure of
laissez-faire. This is one of the reasons which justify
my calling my theory a *General* theory. Since it is
based on less narrow assumptions than the orthodox
theory, it is also more easily adapted to a large area
of different circumstances. Although I have thus worked
it out having the conditions in the Anglo-Saxon
countries in view -- where a great deal of laissez-faire
still prevails -- it yet remains applicable to
situations in which national leadership is more
pronounced. For the theory of psychological laws
relating consumption and saving, the influence of loan
expenditure of prices and real wages, the part played by
the rate of interest -- these remain as necessary
ingredients in our scheme of thought under such
conditions, too.
So I repeat, you appear to grossly misinterpret Keynes.
Alan Isaac
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