Robin has noted that he has an article coming in 'the December 2007
issue of JEI outlining the case against markets. The argument about
why externalities in market economies will generate snowballing
inefficiencies is succinctly spelled out in this article on page 15.'
If you want to contact him directly about this, his e-mail
is <[EMAIL PROTECTED]>.
michael
ps. he also has a piece, 'Eco-localism: A Constructive Critique,'
in Capitalism, Nature, Socialism (18,2) June 2007.
At 19:04 14/06/2007, you wrote:
On Thursday, June 14, 2007 at 16:55:08 (-0400) michael a. lebowitz writes:
>I haven't attached the article mentioned for the list, but Robin can
>send it to any individual who requests it.
Thank you for sending this. I find Hahnel's writings some of the most
stimulating economic writing I have ever come across.
I'm curious about his posited personality-warping effect of purchases.
Every good has externalities, and as we know, some externalities are in
the eye of the beholder. However, I would expect that a huge number
(vast majority?) of externalities are simply hidden from view, too
small at the individual level to even register.
So, is it possible to go through a typical basket of goods purchased
by a typical person over the week and list the externalities for each,
and determine the warping that results from each, and the resultant
aggregate warping? This is the sort of thing that I would love to
discuss with my co-workers, friends, and family, but not having a good
concrete example means it's tough.
Bill
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Michael A. Lebowitz
Professor Emeritus
Economics Department
Simon Fraser University
Burnaby, B.C., Canada V5A 1S6
Director, Programme in 'Transformative Practice and Human Development'
Centro Internacional Miranda, P.H.
Residencias Anauco Suites, Parque Central, final Av. Bolivar
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fax: 0212 5768274/0212 5777231
http//:centrointernacionalmiranda.gob.ve
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