tag:blogger.com,1999:blog-1740670447258719504.post7643059136009995178..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: Mark Thoma on Keynesianism and the long runEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1740670447258719504.post-14256912513922210962013-05-07T20:24:09.588-04:002013-05-07T20:24:09.588-04:00"How did 'the long run is not necessarily..."How did 'the long run is not necessarily a guide to the short run' ever become 'the long run doesn't matter' in the first place?"<br /><br />As far as I know, the first maliciously out-of-context use of the "long run" quotation occurs in Henry Hazlitt's Economics in One Lesson: http://mises.org/books/economics_in_one_lesson_hazlitt.pdf<br /><br />As this book had, I think, a fairly wide readership on the right, it was probably the main transmission mechanism for the meme. However, I doubt that it was original with Hazlitt. Willhttps://www.blogger.com/profile/14943136764424893492noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-68108864777619582902013-05-07T13:46:51.239-04:002013-05-07T13:46:51.239-04:00plasterer surrey
I think you are right that the TU...<a href="http://www.rpsplastering.com" rel="nofollow">plasterer surrey</a><br />I think you are right that the TUC (and all of us) have not done enough to highlight and campaign against the ConDems plans to water down health & safety.<br />plasterer surrey,http://www.rpsplastering.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-26766557518543935552013-05-07T06:36:45.974-04:002013-05-07T06:36:45.974-04:00Ah yes, Niall Ferguson and his incredibly poor off...Ah yes, Niall Ferguson and his incredibly poor off-the-cuff remark on Keynes's sexual orientation and childlessness.<br /><br />Speaking of Keynes's long-run remark...<br /><br />If you read it in the context in which he wrote that statement (for those who don't know where that statement appears, it's in his 1923 book, <i>A Tract on Monetary Reform</i>), it becomes somewhat clear that the meaning of Keynes's statement <i>wasn't</i> that the long run didn't matter.<br /><br />Let me put it the meaning of Keynes's statement another way, and in a more, direct fashion...one that would sound like it was coming from the mouth of an American rather than a Briton (the Britons, and I mean no offence and I hope I'm not stereotyping, have a tendency to speak and write out sentences that are longer than an American normally would, and tend to say things more subtly than Americans)...<br /><br />"WAY TO GO, CAPTAIN OBVIOUS. Just saying that things will come to pass eventually ISN'T the same thing as finding a way to deal with the situation and taking action to deal with the problem!"<br /><br />Blue Aurorahttps://www.blogger.com/profile/02044362251868221897noreply@blogger.com