Matthew Yglesias: Great Moments in Jargon: Tyler Cowen explains “When you cut through the terminology, Keynes says that capital heterogeneity isn’t needed to generate aggregate demand analysis and that his core mechanisms will operate in any case.”
I’d be terrified to learn what happens when you don’t cut through the terminology.
Any time I hear from people about how Keynes is Such a Bad Writer, I tell them to look at the attempts at translation, from Hicks forward, and come back with where the original is improved.
Try it; see if anyone ever comes back.
Posted by: Ken Houghton | December 14, 2008 at 08:19 PM