Text #4190337

Since the war there has been a spate of heretical theories of under-consumption, of which those of Major Douglas are the most famous. The strength of Major Douglas's advocacy has, of course, largely depended on orthodoxy having no valid reply to much of his destructive criticism.

—from The General Theory of Employment, interest and Money, a book by J. M. Keynes

Active since February 2, 2019.
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