After I sent my message I discovered the duplicate mailings. I have
received a number of complaints that pen-l is not identified.
I will see what I can do to rectify the problems. Even so, it is sure
a lot easier this time.
--
Michael Perelman
Economics Department
California State University
After I sent my message I discovered the duplicate mailings. I have
received a number of complaints that pen-l is not identified.
I will see what I can do to rectify the problems. Even so, it is sure
a lot easier this time.
--
Michael Perelman
Economics Department
California State University
Forwarded message:
Date: Mon, 14 Mar 1994 09:37:09 EST
Sender: Teaching and Research in Economic History <[EMAIL PROTECTED]>
From: Sam Williamson <[EMAIL PROTECTED]>
Organization: Miami University School of Business
Subject: Temporary Lectureship
Preliminary Announcement
The Univers
Forwarded message:
Date: Mon, 14 Mar 1994 09:37:09 EST
Sender: Teaching and Research in Economic History <[EMAIL PROTECTED]>
From: Sam Williamson <[EMAIL PROTECTED]>
Organization: Miami University School of Business
Subject: Temporary Lectureship
Preliminary Announcement
The Univers
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From: The Development GAP <[EMAIL PROTECTED]>
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Subject: FROM THE DEVELOPMENT GAP
~Date: Fri, 4 Mar 1994 12:25:19 -0800
~From: The Development GAP
/* Written 6:3
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Date: Mon, 14 Mar 1994 18:46:21 GMT
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Subject: FROM THE DEVELOPMENT GAP
~Date: Fri, 4 Mar 1994 12:25:19 -0800
~From: The Development GAP
/* Written 6:3
I guess this is one of those nostalgic periods on PEN-L when old
debates come back for a second run. Tom W. wonders how it can be
that, in one context, I claim that absolute advantage does not
rule because exchange rates need not adjust to balance the current
account, and in another I claim that
I guess this is one of those nostalgic periods on PEN-L when old
debates come back for a second run. Tom W. wonders how it can be
that, in one context, I claim that absolute advantage does not
rule because exchange rates need not adjust to balance the current
account, and in another I claim that
Barkley Rosser (hi, Barkley) takes exception with the way I pose the
point that labor values are at best superfluous:
> I profoundly hesitate to get involved in the Cottrell-
> Skillman-et-al controversies over Marx and the labor theory of
> values. But, one point: From someone who does n
Barkley Rosser (hi, Barkley) takes exception with the way I pose the
point that labor values are at best superfluous:
> I profoundly hesitate to get involved in the Cottrell-
> Skillman-et-al controversies over Marx and the labor theory of
> values. But, one point: From someone who does n
There is one other complication in the question about inflation and real
wages: Many of the people in the working class are NET DEBTORS. This is
particularly true of the section that owns their own homes -- as well as those
who are struggling to get out of the working class with heavy student lo
There is one other complication in the question about inflation and real
wages: Many of the people in the working class are NET DEBTORS. This is
particularly true of the section that owns their own homes -- as well as those
who are struggling to get out of the working class with heavy student lo
On the question of whether use-value is quantitative or not, I
won't say anything. Hugo Radice said what I wanted to say.
But I don't think use-value is irrelevant to Marx's political
economy. He abstracts from it at the beginning of CAPITAL.
All that's necessary is that a commodity have a use-v
On the question of whether use-value is quantitative or not, I
won't say anything. Hugo Radice said what I wanted to say.
But I don't think use-value is irrelevant to Marx's political
economy. He abstracts from it at the beginning of CAPITAL.
All that's necessary is that a commodity have a use-v
1. At this point I shall digress briefly to cover a flank, i.e. to address a
concern that I suspect many students of Marxism may have.
2. I appear to be treating the LTV and the Sraffian system as
alternative theories of (the "systematic component" of) relative prices.
But isn't this to
1. At this point I shall digress briefly to cover a flank, i.e. to address a
concern that I suspect many students of Marxism may have.
2. I appear to be treating the LTV and the Sraffian system as
alternative theories of (the "systematic component" of) relative prices.
But isn't this to
On Fri, 11 Mar 1994 15:07:39 -0500 (EST) Gil said:
>
>For example, if a law were passed mandating that all firms be labor-
>owned, Marx's argument of Vol I, Ch. 5 and Vol III, Chs 21-23 would
>lead to the conclusion that the elimination of labor's subsumption
>under capital would lead to the elimi
On Fri, 11 Mar 1994 15:07:39 -0500 (EST) Gil said:
>
>For example, if a law were passed mandating that all firms be labor-
>owned, Marx's argument of Vol I, Ch. 5 and Vol III, Chs 21-23 would
>lead to the conclusion that the elimination of labor's subsumption
>under capital would lead to the elimi
Peter:
1) I am glad to hear that you are free of sin, my brother, in
your (past) teaching of micro. However in your remarks about
"microland is faster than macroland" I would say it ain't necessarily
so, especially when prices are a signaling device. We have seen
plenty sudden speculative fren
Peter:
1) I am glad to hear that you are free of sin, my brother, in
your (past) teaching of micro. However in your remarks about
"microland is faster than macroland" I would say it ain't necessarily
so, especially when prices are a signaling device. We have seen
plenty sudden speculative fren
In response to Doug Henwood's point that the use of surplus-value
is important to the issue, Gil Skillman agrees:
>, and of course he's right. And Marx would have agreed, up to the
>point of insisting that in a *capitalist* society, the realization of
>surplus value via interest presupposes the
In response to Doug Henwood's point that the use of surplus-value
is important to the issue, Gil Skillman agrees:
>, and of course he's right. And Marx would have agreed, up to the
>point of insisting that in a *capitalist* society, the realization of
>surplus value via interest presupposes the
On Mon, 14 Mar 1994 13:55:15 -0500 (EST) Rudy F. said:
>... I guess that
>I don't understand how a change in investment can be large
>enough to cause a recession or a period of expansion, in the
>short run, but not have any impact on the production function.
The idea is that the flow of investm
On Mon, 14 Mar 1994 13:55:15 -0500 (EST) Rudy F. said:
>... I guess that
>I don't understand how a change in investment can be large
>enough to cause a recession or a period of expansion, in the
>short run, but not have any impact on the production function.
The idea is that the flow of investm
I would appreciate comments on: 1) the idea of a basic guaranteed income
for individuals, linked to distribution of available paid work via a much
shorter work week, incentives for education, community service,
environmental restoration, etc., other ideas, and 2) realistically, how
such an income
I would appreciate comments on: 1) the idea of a basic guaranteed income
for individuals, linked to distribution of available paid work via a much
shorter work week, incentives for education, community service,
environmental restoration, etc., other ideas, and 2) realistically, how
such an income
I profoundly hesitate to get involved in the Cottrell-
Skillman-et-al controversies over Marx and the labor theory of
values. But, one point: From someone who does not "believe"
in the LTV to Gil, the argument that prices are on the surface
and therefore are the supreme driving force does
I profoundly hesitate to get involved in the Cottrell-
Skillman-et-al controversies over Marx and the labor theory of
values. But, one point: From someone who does not "believe"
in the LTV to Gil, the argument that prices are on the surface
and therefore are the supreme driving force does
Jim D. writes:
>but can't you say that the AS curve is drawn in the "Keynesian
>short run" in which the stocks of means of production are
>assumed to be given? Then capital investment leads to
>shifts in the long-run AS curve over time...
The problem I see with this argument is that we tell stu
Jim D. writes:
>but can't you say that the AS curve is drawn in the "Keynesian
>short run" in which the stocks of means of production are
>assumed to be given? Then capital investment leads to
>shifts in the long-run AS curve over time...
The problem I see with this argument is that we tell stu
Rudy F. responded to me --
>I think you made a good point about the fact that the
>aggregate demand and supply curves are not independent.
>This has always bothered me and no one seems to have
>solved the problem to my satisfaction.
>
>The problem is that investment is a component of aggrega
Rudy F. responded to me --
>I think you made a good point about the fact that the
>aggregate demand and supply curves are not independent.
>This has always bothered me and no one seems to have
>solved the problem to my satisfaction.
>
>The problem is that investment is a component of aggrega
While making a list of the ?good things? that inflation can do, don't
overlook its wonderful effect on municipal debt loads. At nominal tax
dollars increase from income and upward pressure on property prices, the
real burden of the last spending round's accumulated debt falls away from
the city -
While making a list of the ?good things? that inflation can do, don't
overlook its wonderful effect on municipal debt loads. At nominal tax
dollars increase from income and upward pressure on property prices, the
real burden of the last spending round's accumulated debt falls away from
the city -
Peter D. writes:
>
>I disagree with Rudy F about inflation being a mechanism that lowers real
>wages, either logically or historically. Logically, of course, the circular
>flow indicates that aggregate purchasing power remains unaffected, and the
>main distributional effect of greater-than-expect
Peter D. writes:
>
>I disagree with Rudy F about inflation being a mechanism that lowers real
>wages, either logically or historically. Logically, of course, the circular
>flow indicates that aggregate purchasing power remains unaffected, and the
>main distributional effect of greater-than-expect
Preliminary results of Jim O'Connor's request for books to use
in Political Economy for Sociologists class
Percentage of pen-l respondents recommending books they have
authored themselves -- 50%
Percentage of respondents who think I'm too young to retire -- 16%
Percentage of respondents I than
Preliminary results of Jim O'Connor's request for books to use
in Political Economy for Sociologists class
Percentage of pen-l respondents recommending books they have
authored themselves -- 50%
Percentage of respondents who think I'm too young to retire -- 16%
Percentage of respondents I than
On Mon, 14 Mar 1994 06:50:38 -0800 Rudy Fichtenbaum said:
>aggregate demand and supply curves are not independent.
>This has always bothered me and no one seems to have
>solved the problem to my satisfaction.
>
>The problem is that investment is a component of aggregate
>demand but it also affects
On Mon, 14 Mar 1994 06:50:38 -0800 Rudy Fichtenbaum said:
>aggregate demand and supply curves are not independent.
>This has always bothered me and no one seems to have
>solved the problem to my satisfaction.
>
>The problem is that investment is a component of aggregate
>demand but it also affects
On Sun, 13 Mar 1994 23:52:00 -0800 Gil said:
>This is to continue my dialogue with Allin C. concerning the results
>he and a coauthor recently obtained, which are consistent with
>earlier work by Shaikh and others, to the effect that values diverge
>very little from prices of production in fact.
On Sun, 13 Mar 1994 23:52:00 -0800 Gil said:
>This is to continue my dialogue with Allin C. concerning the results
>he and a coauthor recently obtained, which are consistent with
>earlier work by Shaikh and others, to the effect that values diverge
>very little from prices of production in fact.
I have found the latest flurry of exchanges on the AD-AS question very
interesting, and would have jumped in sooner if I only had more time.
Now that my name has been mentioned, I can no longer restrain myself --
though time constraints still limit me to one small point.
Peter Dorman referred ba
I have found the latest flurry of exchanges on the AD-AS question very
interesting, and would have jumped in sooner if I only had more time.
Now that my name has been mentioned, I can no longer restrain myself --
though time constraints still limit me to one small point.
Peter Dorman referred ba
On Sun, 13 Mar 1994 23:34:45 -0800 JKC said:
> . . . I get the feeling that
>the general view from the left, center and the right seems to indicate that
>monetary policy is not all that effective as an employment policy.
>
>I have not done a lot of review on the efficacy of monetary policy and wou
On Sun, 13 Mar 1994 23:34:45 -0800 JKC said:
> . . . I get the feeling that
>the general view from the left, center and the right seems to indicate that
>monetary policy is not all that effective as an employment policy.
>
>I have not done a lot of review on the efficacy of monetary policy and wou
On Mon, 14 Mar 1994 07:41:02 -0800 Doug H. said:
>I thought Keynes liked the idea of inflation subtly lowering real wages.
>Is this a Marxist slander against him?
No it isn't. In the GT, Keynes saw inflation exactly in this way.
Tarshis and Dunlop criticized his assumption that real wages fall as
On Mon, 14 Mar 1994 07:41:02 -0800 Doug H. said:
>I thought Keynes liked the idea of inflation subtly lowering real wages.
>Is this a Marxist slander against him?
No it isn't. In the GT, Keynes saw inflation exactly in this way.
Tarshis and Dunlop criticized his assumption that real wages fall as
On Mon, 14 Mar 1994 06:51:12 -0800 Rudy F. said:
>The problem is that investment is a component of aggregate
>demand but it also affects aggregate supply since
>investment is the change in the capital stock.
but can't you say that the AS curve is drawn in the "Keynesian
short run" in which the st
On Mon, 14 Mar 1994 06:51:12 -0800 Rudy F. said:
>The problem is that investment is a component of aggregate
>demand but it also affects aggregate supply since
>investment is the change in the capital stock.
but can't you say that the AS curve is drawn in the "Keynesian
short run" in which the st
On Sun, 13 Mar 1994 21:41:57 -0800 Barkley Rosser said:
> As near
>as I can tell the only alternatives to supply and demand are either
>Marx or (Gil Skillman and Jim Devine, are you reading?)
Of course I'm reading (though I'm dismayed at the large amount of
mail after leaving town for the weekend
On Sun, 13 Mar 1994 21:41:57 -0800 Barkley Rosser said:
> As near
>as I can tell the only alternatives to supply and demand are either
>Marx or (Gil Skillman and Jim Devine, are you reading?)
Of course I'm reading (though I'm dismayed at the large amount of
mail after leaving town for the weekend
Doug H. writes:
>
>I thought Keynes liked the idea of inflation subtly lowering real wages.
>Is this a Marxist slander against him?
>
Keynes may have liked the idea and was honest enough to admit it.
But I was referring to standard textbook treatment of the
issue. Are there standard textbooks
Doug H. writes:
>
>I thought Keynes liked the idea of inflation subtly lowering real wages.
>Is this a Marxist slander against him?
>
Keynes may have liked the idea and was honest enough to admit it.
But I was referring to standard textbook treatment of the
issue. Are there standard textbooks
I disagree with Rudy F about inflation being a mechanism that lowers real
wages, either logically or historically. Logically, of course, the circular
flow indicates that aggregate purchasing power remains unaffected, and the
main distributional effect of greater-than-expected inflation will be fr
I disagree with Rudy F about inflation being a mechanism that lowers real
wages, either logically or historically. Logically, of course, the circular
flow indicates that aggregate purchasing power remains unaffected, and the
main distributional effect of greater-than-expected inflation will be fr
First substantive remarks: On Sraffa-Steedman
==
1. There is no doubt a nice Latin name for the fallacy of seeking to
defend one's own position by attacking one's opponent's.
Nonetheless I will open by doing exactly that. Why? Because there
is
First substantive remarks: On Sraffa-Steedman
==
1. There is no doubt a nice Latin name for the fallacy of seeking to
defend one's own position by attacking one's opponent's.
Nonetheless I will open by doing exactly that. Why? Because there
is
It's confusing not to have PEN-L listed as the source of a message; the
new software makes everything look like pseudo-personalized direct mail.
And, at least on this system (PINE 3.05, on a Sun UNIX), you can't reply
to PEN-L; a reply goes to the author.
Can this be fixed? Or is this the price o
It's confusing not to have PEN-L listed as the source of a message; the
new software makes everything look like pseudo-personalized direct mail.
And, at least on this system (PINE 3.05, on a Sun UNIX), you can't reply
to PEN-L; a reply goes to the author.
Can this be fixed? Or is this the price o
I thought Keynes liked the idea of inflation subtly lowering real wages.
Is this a Marxist slander against him?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
On Mon, 14 Mar 1994 [EMAIL PROTECTED] wrote:
> Mike,
>
> I think you made a goo
I thought Keynes liked the idea of inflation subtly lowering real wages.
Is this a Marxist slander against him?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
On Mon, 14 Mar 1994 [EMAIL PROTECTED] wrote:
> Mike,
>
> I think you made a goo
Now that I have been pulled back into this discussion of AS-AD I
can't seem to get out. So here is my reply to Barkley Rosser (hi
Bark!):
1. Why do I get so agitated about the assumption that nominal MS
remains constant as AS shifts? Why isn't this just like the
pleasant fiction about demand cu
Now that I have been pulled back into this discussion of AS-AD I
can't seem to get out. So here is my reply to Barkley Rosser (hi
Bark!):
1. Why do I get so agitated about the assumption that nominal MS
remains constant as AS shifts? Why isn't this just like the
pleasant fiction about demand cu
We are currently putting together the programme for this year's
Conference of Socialist Economists annual conference.
CSE'94: SOCIALISMAND BEYOND?
University of Leeds, July 8th-10th 1994
Programme so far includes:
plenaries: on globalisation and on racism.
streams/workshops: capital, repro
We are currently putting together the programme for this year's
Conference of Socialist Economists annual conference.
CSE'94: SOCIALISMAND BEYOND?
University of Leeds, July 8th-10th 1994
Programme so far includes:
plenaries: on globalisation and on racism.
streams/workshops: capital, repro
The use-value of labour-power is not that it IS a quantity exceeding
its own (exchange)-value, but that it is a SOURCE of a quantity of
value exceeding its own EV, as one of Steve Keen's Marx quotes makes
clear. In addition, LP is only a POTENTIAL source of value (and thus
to an unquantifiable ex
The use-value of labour-power is not that it IS a quantity exceeding
its own (exchange)-value, but that it is a SOURCE of a quantity of
value exceeding its own EV, as one of Steve Keen's Marx quotes makes
clear. In addition, LP is only a POTENTIAL source of value (and thus
to an unquantifiable ex
One of my students is researching the impact of World Bank/IMF structural
adjustment programs in Central America for a course he is taking in political
science. While he and I are familar with World Bank/IMF activities in Africa
(he is Nigerian) and the recent World Bank report on East Asia, we
One of my students is researching the impact of World Bank/IMF structural
adjustment programs in Central America for a course he is taking in political
science. While he and I are familar with World Bank/IMF activities in Africa
(he is Nigerian) and the recent World Bank report on East Asia, we
Something else that just occurred to me with respect to Allin's post.
Under conditions such as those discovered by Allin and co-author, to
the effect that labor values correlate very closely with prices of
production, the prices of production which emerge from Sraffa's
"standard system" would
Something else that just occurred to me with respect to Allin's post.
Under conditions such as those discovered by Allin and co-author, to
the effect that labor values correlate very closely with prices of
production, the prices of production which emerge from Sraffa's
"standard system" would
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