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ction 1.1 above. In a very perceptive paper; 'The Rich Are Different!: Pareto Law from asymmetric inter
persistent 'anomalies' as anomalies, ignoring raw data while retreating into the comforts of intellectual hypothesis, whether this be neoclassical, Keynesian, Marxian, behavioural or other. Even in areas such as post-Keynesian or behavioural economics, were data collection has become something of a fetish
rather than cleared through the board. Getty was rich in oil reserves per dollar of share price. It cou
which I accept but prefer to rephrase. I have traced Keynes’ argument and language on these points because | think it is now generally accepted by Keynesian and anti-Keynesian and neo-Keynesian schools alike. That’s why I think my own interpretation differs from a general Chapter 4 Mill’s Idea 1/11/16 5
es old, and have been well thought through. It is rich in possibilities because it has to be. It must de
ans. (I call myself a free market Democrat, whether or not that’s a contradiction in terms.) Freshwater views tend to oppose intervention, but accept Keynesian basic definitions and equations such as the Y =] +C doctrine and the distinction between “attempted saving” and investment. It is these I question.
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