Re-sent Post on Cycles

Steve.Keen at unsw.EDU.AU Steve.Keen at unsw.EDU.AU
Fri Sep 23 19:37:29 MDT 1994

To Chris Sciabarra:

Many thanks for the observations on the Austrians and
their commonalities with Marx's analysis--I'll chase
up those references. For the record, here's Marx on bankers:

"Talk about centralisation! The credit system, which has its
focus in the so-called national banks and the big money-lenders
and usurers surrounding them, constitutes enormous
centralisation, and gives this class of parasites the fabulous
power, not only to periodically despoil industrial capitalists,
but also to interfere in actual production in a most dangerous
manner--and this gang knows nothing about production and has
nothing to do with it."(Capital III, pp. 544-45.)

Sounds pretty Austrian, don't it?

Steve Keen


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