Monday, May 31, 2010

"A Missing Macroeconomic Playbook?" by Brad DeLong
John Stuart Mill was thus explicitly refuting the older French economist Jean-Baptiste Say. Say had been well-embarked on a career in politics and government in the new French Republic of the early 1790s: special assistant to Gironde Party Secretary of the Treasury Clavier. But then Clavier fell: purged, arrested, imprisoned, and executed by Robespierre's "Mountain" faction. Somehow Say escaped the wreck with not just his life but his liberty and some property as well, and set out to pursue happiness by withdrawing from politics to write treatises on economic theory. In 1821 Say published his Letters to Mr. Malthus, in which he argued that the very idea of a "general glut" was self-contradictory, for the very fact that commodities had been produced meant that there was sufficient demand in aggregate to buy them:
(via Yglesias)

From Wikipedia:
The Mountain (French: La Montagne) refers in the context of the history of the French Revolution to a political group, whose members, called Montagnards, sat on the highest benches in the Assembly. The term, which was first used during the session of the Legislative Assembly, did not come into general use until 1793.
At the opening of the National Convention the Montagnard group comprised men of very diverse shades of opinion, and such cohesion as it subsequently acquired was due rather to the opposition of its leaders to the Girondist leaders than to any fundamental hostility between the two groups. The chief point of distinction was that the Girondists were mainly theorists and thinkers, whereas the Mountain consisted almost entirely of uncompromising men of action.
During their struggle with the Girondists, the Montagnards gained the upper hand in the Jacobin Club, and for a time "Jacobin" and "Montagnard" were synonymous terms. The Mountain was successively under the sway of such men as Marat, Danton, and Robespierre.

"Mountain" by Stereolab


"The Mountain" by the Heartless Bastards

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