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Socratic Economics IX: National Accounts | 70 comments (70 topical, editorial, 0 hidden)
Re: Excellent question. (none / 1)
That's a good mix.

For Veblen, Theory of Business Enterprise, although Veblen is always to be read a chapter at a time, make notes of what you think he was saying, and then reread the chapter, to find the points where he was in fact saying something else. He's the opposite of an "accessible" writer.

For Galbraith, A Short History of Financial Euphoria would seem to be especially relevant. And of course, Paul Krugman considers The New Industrial State to "not be real economic theory", which is a strong recommendation in its own right.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Jun 3rd, 2008 at 01:08:16 PM EST
[ Parent ]
Re: Excellent question. (none / 1)
Well, I read Galbraith's The Great Crash 1929 earlier this year, so maybe The New Industrial State would have lesser overlap than A Short History of Financial Euphoria.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Carrie (migeru at eurotrib dot com) on Tue Jun 3rd, 2008 at 02:55:08 PM EST
[ Parent ]
Re: Excellent question. (4.00 / 2)
The New Industrial State is a tremendous complement to the General Theory, because the General Theory is about those aspects of a monetary production economy for which you can draw a general theory ... rather than, as some people misread it, a "theory about everything in general".

The New Industrial State is a "special theory", about the post WWII corporate-dominated monetary economy of the United States. And being a special theory, it can go further into its particular topic area than a general theory can.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Jun 3rd, 2008 at 03:01:09 PM EST
[ Parent ]

Socratic Economics IX: National Accounts | 70 comments (70 topical, 0 editorial, 0 hidden)
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