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CHIMO (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 08:35 PM Original message |
Keynesian common sense in China |
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jody (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 08:52 PM Response to Original message |
1. Those who study inventory theory know that cost of carrying stock is high. Such costs include |
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CHIMO (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 09:01 PM Response to Reply #1 |
2. Not Sure |
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jody (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 09:07 PM Response to Reply #2 |
3. Inventory regardless of location incurs inventory holding cost. When the U.S. and other nations |
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CHIMO (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 09:38 PM Response to Reply #3 |
6. Right |
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jody (1000+ posts) Send PM | Profile | Ignore | Tue Jul-21-09 06:54 AM Response to Reply #6 |
10. Not sure what your post means. I was discussing inventory management and the effect of interest. n/t |
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theoldman (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 09:07 PM Response to Original message |
4. Roosevelt was right in putting money into the pockets of the buyers. |
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jody (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 09:11 PM Response to Reply #4 |
5. Agree, that's the point I made in #1. n/t |
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OHdem10 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-20-09 09:50 PM Response to Original message |
7. Keynes' insights were taught in Universities until about 35 yrs.ago... |
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AdHocSolver (1000+ posts) Send PM | Profile | Ignore | Tue Jul-21-09 01:00 AM Response to Original message |
8. Keynes' premise: Economies are demand driven. Current "theory" based on "supply side economics". |
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econoclast (259 posts) Send PM | Profile | Ignore | Wed Jul-22-09 08:05 AM Response to Reply #8 |
12. Contradiction |
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AdHocSolver (1000+ posts) Send PM | Profile | Ignore | Thu Jul-23-09 01:16 AM Response to Reply #12 |
14. No contradiction. Keynesian stimulus spending works only if it pays wages to American workers. |
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upi402 (1000+ posts) Send PM | Profile | Ignore | Tue Jul-21-09 01:06 AM Response to Original message |
9. Academic "economics" is bogus. It assume folks act in their best interest |
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jody (1000+ posts) Send PM | Profile | Ignore | Tue Jul-21-09 07:05 AM Response to Reply #9 |
11. Microeconomics, industrial engineering, business management are inseparable and share common |
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AdHocSolver (1000+ posts) Send PM | Profile | Ignore | Thu Jul-23-09 12:36 AM Response to Reply #11 |
13. There is no scientific basis for any economics, micro or macro. |
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