This morning's NYTimes carries a couple of articles on the "Property
Rights Bill" before Congress, which is designed to require taxpayers to
compensate property owners for any reduction in the "fair market value"
of their property (of 10% or more) resulting from any government
regulation.
On Sat, 18 Mar 1995, Doug Henwood wrote:
An interview in the Jan-Feb 95 issue of Transition, the World Bank's
newsletter on "reforming economies," with William Bader, president of the
Eurasia Foundation, explores the matter of "breeding a new generation of
economists in the FSU" [former
utput") for
an extended period of time -- building in adaptive inflationary
expectations.
Cheers, Tom Weisskopf
utput") for
an extended period of time -- building in adaptive inflationary
expectations.
Cheers, Tom Weisskopf
ctice (as opposed to theory).
I am discouraged by the fact that this discussion seems to be
generating more misunderstanding than understanding.
Tom Weisskopf
ctice (as opposed to theory).
I am discouraged by the fact that this discussion seems to be
generating more misunderstanding than understanding.
Tom Weisskopf
To answer Peter D., (1) I misinterpreted his reference to "relative input
prices" to mean the relative prices of different inputs; but there remains
a substantive difference in my inclusion of productivity changes in the
scope of supply shocks. On why (2) I think there is a long-run tendency
for
ding in a somewhat unaccomodating supply (or growth) of
money, and provided that it is not unreasonable to posit -- with
Keynes -- that interest rates affect aggregate expenditures.
Exhaustedly, Tom Weisskopf
Yes, Jim Devine is quite right that Marty's dichotomy is much the same
as between my PNP ("progressive nationalist position") and PIP ("progressive
internationalist position") of last year. Acronymically, Tom Weisskopf
Yes, Jim Devine is quite right that Marty's dichotomy is much the same
as between my PNP ("progressive nationalist position") and PIP ("progressive
internationalist position") of last year. Acronymically, Tom Weisskopf
rom, but I do concede that the analysis must be
stretched over at least a year before it becomes compelling.
Is this really an unreasonable stretch for such analysis?.
Dialectically, Tom Weisskopf
of the US economy. The PBS people recorded an hour's worth
of discussion and exchange between David and Robert; what they will
actually air tomorrow is anybody's guess, but it should be interesting.
And maybe it will stimulate a lively PEN-L debate! Cheers, Tom Weisskopf
of the US economy. The PBS people recorded an hour's worth
of discussion and exchange between David and Robert; what they will
actually air tomorrow is anybody's guess, but it should be interesting.
And maybe it will stimulate a lively PEN-L debate! Cheers, Tom Weisskopf
Dear PENners: I am circulating the following exchange to enter it
into the current running shoe controversy.Cheers, Tom Weisskopf
Message: 32005750, 27 lines
Posted: 5:08pm EST, Tue Mar 1/94, imported: 4:23pm EST, Tue Mar 1/94
Subject: RE: Running further
lower prices,
while holding prices on their top-of-the-line products.
What do you all think? Still puzzled, Tom Weisskopf
P.S.: Like Nathan Newman, I am a New Balance customer myself!
Michael Perelman's recent postings on Nike in the world economy have
been as fascinating as they are revolting. One question that is bound
to pop into the mind of anyone trained in economics in this country is
how sales prices are holding up in what seems to be a rather competitive
Michael Perelman's recent postings on Nike in the world economy have
been as fascinating as they are revolting. One question that is bound
to pop into the mind of anyone trained in economics in this country is
how sales prices are holding up in what seems to be a rather competitive
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