Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 6 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 7/2/09

Liquidation and Creative Destruction.

By       (Page 4 of 4 pages) Become a premium member to see this article and all articles as one long page. (View How Many People Read This)   1 comment
Author 35947
Follow Me on Twitter     Message Shalom P. Hamou
It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics (along with the other moral sciences), where it is often impossible to bring one's ideas to a conclusive test either formal or experimental."
John Maynard Keynes, 1st Baron Keynes of Tilton
(5 June 1883 – 21 April 1946)
The General Theory of Employment, Interest, and Money.Preface 13 December 1935

On both sides of the aisle, people have tried to judge Liquidation and Creative Destruction from a moral standpoint. It is something that does not belong to a scientific analysis. I shall not address the issue here. All this belong to the last Paragraph of this tract: Chapter V, Paragraph 3: Moral, Philosophic and Religious Implications of the Credit Free Economy.

All of This Stays True Until the Poor Becomes Richer Relatively to the Rich.
Extreme Economic Conditions Call for Radical Solutions.
The Controversial Innovation Since John Maynard Keynes and Milton Friedman.
You Can Comment on This Chapter Here. I Will Incorporate Any Meaningful Contribution Into my Tract and Credit the Author. If you can Make a Significant Contribution to my Work Please Apply Here.

Next Page  1  |  2  |  3  |  4

 

Valuable 1  
Rate It | View Ratings

Shalom P. Hamou Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Shalom P. Hamou Tel Aviv, Ramat Aviv, Israel I am the youngest economist at My Yield Curve. Since spring of 1994 I have been working on economic depressions. I am writing The Tract The Religious Interpretation of (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Credit Free, Free Market Economy: The Plausible Solution to the Economic Crisis. Part I

The Risk in Long-Term Interest Rates & Stagflation.

How Ben 'Systemic Risk' Bernanke Deliberatly Created The Great Recession.

What If you Called 411 and The Crash Answered?

Liquidation and Creative Destruction.

To View Comments or Join the Conversation: