Is the WB unreliable?

2001-05-03 Thread Keaney Michael

Steve Philion forwarded:

Inter Press Service
Finance: Learn from Cuba, says World Bank
by Jim Lobe
Washington, 30 Apr  -- World Bank President James Wolfensohn Monday
extolled the Communist government of President Fidel Castro for doing a
great job in providing for the social welfare of the Cuban people.

snip

I think Cuba has done -- and everybody would acknowledge -- a great job
on education and health, Wolfensohn told reporters at the conclusion of
the annual spring meetings of the Bank and the International Monetary Fund
(IMF). I have no hesitation in acknowledging that they've done a good
job, and it doesn't embarrass me to do it. ...We just have nothing to do
with them in the present sense, and they should be congratulated on what
they've done.

=

Look out for more press reports concerning the disintegration of WB staff
morale under the hopelessly erratic Wolfenshohn.

Michael K.




Paleo-conferencism

2001-05-03 Thread Keaney Michael

Louis Proyect wrote:

So far, panel discussions are being organized for the following topics:

1. The relevance of the Shining Path for the trade union movement today.

2. Stalin in context.

3. Why empiro-criticism must be smashed in order for the workers movement
to go forward.

4. Why tractors remain a suitable subject for revolutionary artists.

5. The Marxism of Slobodan Milosevic.

In addition, we are organizing workshops on how to make an atomic bomb from
materials purchasable on the Internet and on Kung Fu for people over 50.

=

Is there going to be a session on Linen?

Michael K.




RE: Paleo-conferencism

2001-05-03 Thread Mark Jones

Michael wrote:

 Is there going to be a session on Linen?

no, hair shirts are de rigeur

Mark




Engels and indigenous peoples

2001-05-03 Thread Louis Proyect

May 1, 2001 A May Day Meditation

by Peter Linebaugh

Comrades and Friends, May Day Greetings!

Here is 'the day.' The day we long to become a journee', those days of
the French Revolution when a throne would topple, the powerful would
tumble, slavery be abolished, or the commons restored.

Meanwhile, we search for a demo for the day, or we gather daffodils and
some may for our loved ones and the kitchen table. We greet strangers
with a smile and Happy May Day! We think of comrades around the world, in
Africa, India, Russia, Indonesia, Mexico, Hong Kong. With our comrades we
remember recent victories, and we mutter against, and curse our rulers. We
take a few minutes to freshen up our knowledge of what happened there in
Chicago in 1886 and 1887 before striding out into the fight of the day.

So during this moment of studying the day, I'm going to take a text from
Frederick Engels, Socialism: Utopian and Scientific, and I'll ask you to
take it down from the top shelf of the spare room where you stuck it when
Reagan came to power, or to go down into the basement and dig it out of a
mildewed carton whence you might have disdainfully put it during the
Clinton years. No where does Engels mention the slave trade. No where does
Engels mention the witch burnings. No where does Engels mention the
genocide of the indigenous peoples. He writes, A durable reign of the
bourgeoisie has been possible only in countries like America, where
feudalism was unknown, and society at the very beginning started from a
bourgeois basis.

Dearie me. Dear, dear, dear!

He has forgotten everything, it seems. He has swallowed hook, line, and
sinker the whole schemata of: Savagery leads to Barbarism leads to
Feudalism leads to Capitalism which, in turn, with a bit of luck, c., c.,
will be transformed, down the line, in the future, when the times are ripe,
c. c. into socialism and communism. He has overlooked the struggle of the
Indians, or the indigenous people, of the red, white, and black Indians.
The fact is that commonism preceded capitalism on the north American
continent, not feudalism. The genocide was so complete, the racism so
effective, that there is not even a trace or relic of memory of the prior
societies. So we fling him away as another Victorian European Imperialist
and white male, to boot.

But, wait. Look again. Check out the essay at the back. He called it The
Mark. It's only a few pages. Perhaps you are misled by its German localism
- its Gehferschaften and its Loosgter. The former term is the way the
commoners of the Moselle valley practiced the jubilee and the latter term
is a land distribution system based on periodical assignments by lot.
Engels is describing the Commons of his neighborhoods. It is as substantial
as Maria Mies in The Subsistence Perspective. You can smell the barnyard as
you walk down the lane arm in arm to pick berries in the commons. Engels
becomes a scholar of that feudalism which we thought he was discarding.
But, no, in describing the pigs, the mushrooms, the turf, the wood, the
unwritten customs, the mark regulations, the berries, the heaths, the
forests, lakes, ponds, hunting grounds, fishing pools, he has quite
forgotten his polemic against the economics professors (which is what
inspired his tract) and he is relishing, shall we say? his very own
indigenous self. I dare say he has had a few encuentros himself among the
Germans. And we'll never forget that it was the criminalization of
customary access to the commons which first drove Karl Marx to the study of
political economy.

No, Engels is full of contradictions. I say get him back from the mildew
and air our your copy. He has a political purpose. Engels is not that
theorist we tossed off as hopelessly politcally incorrect, and, taking all
in all, a bad case for tenure. Part of his book he wrote for the professors
of the SPD, but another part he wrote for the commoners and indigenous
people - the peasants - who fled to the industrial towns. Moreover, he
listened to them. They had lost their commons. Engels records the traces,
the relics. These survive because of the French Revolution and the German
one which once again produced a free peasantry. But how inferior is the
position of our free peasant of today compared with the free member of the
mark of the olden time! His homestead is generally much small, and the
unpartitioned mark is reduced to a few very small and poor bits of communal
forest. But, without the use of the mark, there can be no cattle for the
small peasant; without cattle, no manure; without manure, no agriculture.
That is the living commons. Engels knew of it. Engels is a free man; he
knows that communism is possible. Engels is a revolutionary; he knows that
it is not scheduled.

I say this not to rehabilitate Engels. I personally am less interested in
him that I am in Tecumseh who refused to enter the house of Governor W. H.
Harrison in August 1810, insisting on meeting in the open air. The earth
was the most proper 

RE: article on being left

2001-05-03 Thread Brown, Martin (NCI)

In the 1960's I knew a physics professor at Berkeley who became politically
active on the left (still is).  He immediately became persona non grata in
the department.  The big social nexus of the department were periodic
parties at the house of (as they use to say) Dr. and Mrs. Edward Teller.  As
soon as is politics became public they were dropped from the invitation
list.

Not that they suffered; they found their new friends a lot more interesting.

I will say one good thing about Teller.  He is coauthor on the original
aritcle on Monte Carlo Markov Chains. This is a very useful mathematical
technique used in simulation models and applied Bayesian statistics.  I
assume it was originally developed by Tellers and others (probably mainly
other mathematicians working for Teller) to simulate nuclear reactions.
Today it is part of them models used to predict global warming.  So when the
right wing says where is the science, the Green's can point to this
legacy.

-Original Message-
From: Andrew Hagen [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, May 02, 2001 11:11 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:11136] article on being left


And now for something completely different. . . . I came across a good
article. A highlight:

Although in many ways I'm a fairly conventional person (I'm a
professor, with no tattoos or piercings), my political activity on
campus and in the community has alienated me from most of my
colleagues. It's not that they are nasty to me -- the vast majority are
civil in routine dealings, so long as I don't press political topics --
but I am not part of the department in any meaningful social way. With
a couple of exceptions, even those who say they support and respect the
political work I do almost never engage me in conversation about it.
That's the price I have paid for being openly left and engaging in what
many see as unnecessarily confrontational politics.

http://commondreams.org/views01/0430-03.htm

Andrew Hagen
[EMAIL PROTECTED]




Re: Re: brad de long textbook

2001-05-03 Thread William S. Lear

On Wednesday, May 2, 2001 at 21:20:47 (-0700) Brad DeLong writes:
 Is there 
something specific about software that makes the open-source 
management problem particularly easy? Or can we look forward to the 
development of similar collective freeware intellectual efforts in 
other areas as well?

Software techniques and modern software language features allow you to
decompose problems fairly readily.  This decoupling of various parts
allows you to work in common on describing what is to be done by
designing the interfaces and then to work in smaller groups on how
to implement the needed functionality described in the various
interfaces.  This, coupled with software that is designed to allow
developers to share code and to work concurrently on the same body of
code (this software is usually known as source code control
software, a popular example is CVS), makes it relatively easy to do.

An example is the writing of a stopwatch program.  You might discuss
what the interface would be like: you need to start it, stop it, get
the elapsed time, etc.  So, you'd need three functions to implement
this, and given a bit more info (what the internal data type looks
like and a bit more description), the three functions could be coded
by three developers in three separate source code files that resided
on the same central machine but were shared via the internet through a
version control system.

There are some aspects of this type of work that are difficult,
though:  the communication medium is very inefficient compared to
face-to-face interchange.  Imagine Crick and Watson sitting on
opposite coasts and trying to work out ideas via e-mail.  It can be
quite difficult without face-to-face communication, but you can
compensate by being careful in what you write and learning others'
assumptions, styles, etc.

I might also add that software is written in very highly constrained
languages, so perhaps writing natural language texts would be more
difficult, but perhaps not.


Bill




Re: Shared Constraints?

2001-05-03 Thread Ricardo Duchesne

We saw last time the difficulties P encounters arguing that Europe 
was nearing its limits of pre-industrial growth by 1800. He could not 
have it both ways: that Europe had an inefficient agrarian system 
with underutilized resources and that Europe had few remaining 
ways for further grow without significant industrial changes. Still, P 
manages to salvage this argument (from full inconsistency)  by 
narrowing his focus and comparing England/The Netherlands to 
other similar core regions in China. 

A good case is made that England had fewer underutilized 
resources, and faced serious limitations in two key sectors of  
forestry and agriculture. There were few forested areas in England, 
and as the scarcity of timber became evident, the price of fuel rose 
700% between 1500 and 1630. After 1700, the shortage was so 
serious that iron production even declined. English agriculture was 
facing similar limitations, as crop output could not keep pace with 
population growth. The fertility of the soil seemed to have reached a 
dead end; productivity could not be increased any more using the 
old pre-industrial techniques. English agricultural productivity 
seems not to have changed much between 1750 and 1850...per 
acre and total yields from arable land remained flat and the threat 
of decline constant... (216). Between 1760 and 1790 the price of 
wheat relative to other products rose 40%, and England had to 
import food to feed its population.  ...Britain did not meet its 
growing food needs in the way that Grantham suggests for 
continental Europe; and thus it strengthens our sense that without 
the dual boons of coal and colonies, Britain would have faced an 
ecological impasse with no apparent internal solution (218).  

 




RE: Re: RE: Re: Re: brad de long textbook

2001-05-03 Thread Brown, Martin (NCI)

Good example of Robinsonian (Joan not Crusoe) waste of competition.  Do you
give this example in the textbook?  I have shown similar results in the
market for pesticides and oranges in California (got me attacked by the
Council on Agricultural Science and Technology and had industry lawyers
trying to suppress publication of the ultimate EPA report) and in the market
for mammography machines in the U.S. (that's why the US spends 2-4 more
money on breast cancer screening per capita than any other country).

The question is, are mc markets with entry a textbook oddity (that is the
impression, I think given by most micro textbooks) or much more the norm for
what gets called competitive markets in the U.S.  I think another
interesting point, is that you can't abstract from institutional context in
these situations.  In the case of textbooks and mammography you have what
nc's call the prinicpal-agent relationship (but it really goes beyond
individuals to institutional structures and social norms) and in the case of
pesticides and oranges the stucture of the market depends on the
institutional arrangements of grower coops and chemical industry rep -
farmer relationships.  The problem with the typical micro textbook is that
all institutional relationships are assumed away (more than that - they are
obliterated as a subject of economics) so that one is left with model of
perfect competition as the natural state of the market.

-Original Message-
From: Brad DeLong [mailto:[EMAIL PROTECTED]]
Sent: Thursday, May 03, 2001 12:26 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:11140] Re: RE: Re: Re: brad de long textbook


Jim wrote,
  After all, it's the
  sovereign consumers who decide what
  sucks and what doesn't suck.

But remember one of the key characteristics of the
textbook market--the ultimate user (the student)
does not pick the book. The professor does (and
most often the professor does not have information
about the price).


Say, rather, that demand for books is highly inelastic once the 
professor has adopted it, and that total $$$ spent by students 
doesn't play a large role (it does play some role) in the 
professorial adoption decision.

Publishers and editors will say that although they use their local 
post-adoption monopoly power to the fullest to extract revenue from 
students, they and their companies don't get to keep it. They compete 
for course adoptions by spending more and more money on supplements 
and add-ons that they hope will make the professor happy, and make 
him or her adopt the book.

This is a highly dissipative activity: the value of the supplements 
to the professor is much less than the cost to the students of the 
money spent producing them. It is a perfect illustration of how 
monopolistically competitive markets with entry do not produce 
anything like the social optimum...


Brad DeLong




Re: Re: the enemy's statistics

2001-05-03 Thread ALI KADRI

On a more concrete or detailed level, much of the data
is not gathered by the UN but through the national
stastistical offices. So the quality of the data is in
doubt when the conuntry's bureau of statistics in
Benin has a reputation for rigging stuff. Statistics
from the the transition economies are fairly reliable
because these countries had highly qualified people in
place. UN statistics are better or at least used to be
before the big restructuring. Some of the old stock of
UN statisticians studied with Tinbergen, and people
like Kalecki, Myrdal and others were UN
economist-statisticians. But the big restructuring
beginning with the end of the cold war killed off any
reliable statistics on the poor, women, and other
essential developmental programs because it attacked
anything to do with development and emphasized the
role of private capital in developemntal processes,
hence, the rise of microcredit, fdi, tncs etc
An area which which everyone should be aware of the
poor quality of trade statistics in the developing
world.
The point I want to make is again much of the
statistics are nationally generated; back in the good
old days the qulaity was a bit better because UN
statisticians tried to systemetize the data and the
data collection process and provide assitance to
national bureaus as needed.
by the way Kalecki was serving in the new york office
in the 1950's as senior UN official, but with macarthy
having influence in the un administration, the un
demoted to a lower level. this to my knowledge is the
only demotion in UN history. 
One area of concern  
--- Louis Proyect [EMAIL PROTECTED] wrote:
 Jim Devine:
 Don't you think that the UN statistics indicating a
 rise in mortality in 
 Russia are valid, at least as ballpark estimates?
 why do you accept these 
 statistics -- which make a newly capitalist country
 look horrible -- and 
 not others, that might indicate that it's possible
 for workers to win 
 longer life-spans under capitalism if they fight
 hard enough and they're 
 lucky? Is it because you agree with the political
 conclusions that jump out 
 of the one set of statistics (that the transition
 to capitalism is a bad 
 thing) and not those of the other (that capitalism
 might allow some 
 reforms)? If so, that's totally fallacious.
 
 This is not about whether one should use or not use
 the enemy's statistics.
 It is about using them in a reductionist way like
 Doug and Brad do. If
 somebody asked me if South Korea was making progress
 or not making
 progress, the last place I'd look is the HDI report.
 I'd look at Marty
 Hart-Landsburg's books.
 
 I have been studying Latin America closely since
 1974 when I was involved
 in a faction fight in the Fourth International over
 guerrilla warfare. As a
 reporter for the anti-Mandel faction, I worked
 closely with Argentine
 Trotskyists and learned a lot about the problems of
 the country through
 discussions with them and reading their documents.
 In the early 1980s I got
 involved with the Committee in Solidarity with the
 People of El Salvador
 first and then with Nicaragua solidarity
 organizations from 1987 onwards.
 Through a combination of studying, organizing and
 publishing a newsletter
 for a city-wide coalition, I learned much about the
 region. If somebody
 asked me how Central America was faring, I wouldn't
 dream of extrapolating
 a column from a UN spreadsheet and saying, Things
 are looking better. (In
 fact, GDP was on the rise all through the Somoza
 era. But the social impact
 of the economic changes wrought through the
 introduction of large-scale
 cattle-ranching was what produced the Sandinista
 revolution.)
 
 There is an implicit logic in Brad and Doug
 relentless touting of these
 figures. If you take some god-forsaken third world
 country that is
 experiencing something like a 10 percent growth rate
 over some defined
 time-span, you might conclude that--ceteris
 parebis--the country would
 eventually reach first world levels. This is a
 reformist illusion. It is at
 odds with a Marxist understanding of how capitalism
 operates in places like
 Argentina, South Korea, etc. I can understand why
 Brad would argue along
 these lines. He is an outspoken neoliberal. Why Doug
 argues along the same
 lines (while holding out for some vague classless
 humane regime) is
 another story altogether and a depressing one at
 that.
 
 Louis Proyect
 Marxism mailing list: http://www.marxmail.org
 


__
Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices
http://auctions.yahoo.com/




RE: Re: Re: the enemy's statistics

2001-05-03 Thread Brown, Martin (NCI)

I have been working with OECD on a cross-national study of breast cancer.
This study only involves developed countries (I guess with the exception of
Mexico). Even within this group it is true that that quality and reliability
of statistics is highly variable by country.  Of course, developing national
statistics on national expenditures and outcomes at the disease-specific
level is a lot more arcane than more general national health and income
statistics.  I felt a little guilty working for this NATO - like agency (I
don't get any money from them, this is considered part of my professional
NCI duties like virtually every consulting I do - we have real ethics
regulations, unlike Universities). But then I saw an article in the
Washington Post the other day reporting that OECD has become the latest
favorite villain of the U.S. right.  It seems that OECD published a very
mild report suggesting development of an international code of standards to
prevent off-shore banking havens from being used to shield money gained from
criminal activity and tax evasion.  This caused a torrent of abuse from the
U.S. right, portraying the OECD report as calling for a world government
that would violate the sacred right of wealth holders to freely move their
assets anywhere in world for any reason, especially tax avoidance. 

-Original Message-
From: ALI KADRI [mailto:[EMAIL PROTECTED]]
Sent: Thursday, May 03, 2001 10:44 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:11154] Re: Re: the enemy's statistics


On a more concrete or detailed level, much of the data
is not gathered by the UN but through the national
stastistical offices. So the quality of the data is in
doubt when the conuntry's bureau of statistics in
Benin has a reputation for rigging stuff. Statistics
from the the transition economies are fairly reliable
because these countries had highly qualified people in
place. UN statistics are better or at least used to be
before the big restructuring. Some of the old stock of
UN statisticians studied with Tinbergen, and people
like Kalecki, Myrdal and others were UN
economist-statisticians. But the big restructuring
beginning with the end of the cold war killed off any
reliable statistics on the poor, women, and other
essential developmental programs because it attacked
anything to do with development and emphasized the
role of private capital in developemntal processes,
hence, the rise of microcredit, fdi, tncs etc
An area which which everyone should be aware of the
poor quality of trade statistics in the developing
world.
The point I want to make is again much of the
statistics are nationally generated; back in the good
old days the qulaity was a bit better because UN
statisticians tried to systemetize the data and the
data collection process and provide assitance to
national bureaus as needed.
by the way Kalecki was serving in the new york office
in the 1950's as senior UN official, but with macarthy
having influence in the un administration, the un
demoted to a lower level. this to my knowledge is the
only demotion in UN history. 
One area of concern  
--- Louis Proyect [EMAIL PROTECTED] wrote:
 Jim Devine:
 Don't you think that the UN statistics indicating a
 rise in mortality in 
 Russia are valid, at least as ballpark estimates?
 why do you accept these 
 statistics -- which make a newly capitalist country
 look horrible -- and 
 not others, that might indicate that it's possible
 for workers to win 
 longer life-spans under capitalism if they fight
 hard enough and they're 
 lucky? Is it because you agree with the political
 conclusions that jump out 
 of the one set of statistics (that the transition
 to capitalism is a bad 
 thing) and not those of the other (that capitalism
 might allow some 
 reforms)? If so, that's totally fallacious.
 
 This is not about whether one should use or not use
 the enemy's statistics.
 It is about using them in a reductionist way like
 Doug and Brad do. If
 somebody asked me if South Korea was making progress
 or not making
 progress, the last place I'd look is the HDI report.
 I'd look at Marty
 Hart-Landsburg's books.
 
 I have been studying Latin America closely since
 1974 when I was involved
 in a faction fight in the Fourth International over
 guerrilla warfare. As a
 reporter for the anti-Mandel faction, I worked
 closely with Argentine
 Trotskyists and learned a lot about the problems of
 the country through
 discussions with them and reading their documents.
 In the early 1980s I got
 involved with the Committee in Solidarity with the
 People of El Salvador
 first and then with Nicaragua solidarity
 organizations from 1987 onwards.
 Through a combination of studying, organizing and
 publishing a newsletter
 for a city-wide coalition, I learned much about the
 region. If somebody
 asked me how Central America was faring, I wouldn't
 dream of extrapolating
 a column from a UN spreadsheet and saying, Things
 are looking better. (In
 fact, GDP was on the rise all 

Re: Re: Re: the enemy's statistics

2001-05-03 Thread Louis Proyect

Ali:
The point I want to make is again much of the
statistics are nationally generated; back in the good
old days the qulaity was a bit better because UN
statisticians tried to systemetize the data and the
data collection process and provide assitance to
national bureaus as needed.

Another important thing to keep in mind is that the IMF adopted a new
method of calculating GDP in 1993. Instead of being limited to cash
transactions, barter would be allowed as well. So if in China a peasant
walks four miles to trade a watermelon for a pair of hand-made sandals,
this gets factored in the same as buying a pair of sandals from Kmart that
were made on an assembly line in Taiwan. With this new methodology, China
all of a sudden became the world's fourth largest economy. So when you look
at the HDI, keep in mind that improved GDP might not be what it seems.

Louis Proyect
Marxism mailing list: http://www.marxmail.org




bottled water

2001-05-03 Thread Andrew Hagen

The World Wildlife Fund said today that in most developed countries the
tap water is as safe to drink as bottled water, although up to 1,000
times less expensive. The annual distribution of 90 billion liters of
bottled water may contribute to greenhouse gas emissions. The 1.5
million tons of plastic used also may pose a threat to t
environment.

http://dailynews.yahoo.com/h/nm/20010503/ts/environment_water_dc_1.html


Earlier this week, during Dick Cheney's speech on the National Energy
Policy where the Vice-President harangued against renewable energy
sources and conservation, called for 38,000 miles of additional gas
pipelines, demanded aggressive drilling in the Arctic National Wildlife
Refuge, and announced plans for between 1,300 and 1,900 new power
plants, or one a week for at least 25 years, most of them burning coal,
apparently to be paid for by crypto-corporate-socialist government
subsidies, Dick Cheney had at his podium bottled water, apparently
because he does not trust the tap water to be fre
pollution.

http://cbsnews.com/now/story/0,1597,288475-412,00.shtml

http://more.abcnews.go.com/sections/us/dailynews/energy_cheney010430.ht
ml

(I observed the bottled water next to Cheney on a news program Monday.
I think it was ABC's evening news.)

The National Energy Policy will be formally released next month.

Andrew Hagen
[EMAIL PROTECTED]




Finance Query

2001-05-03 Thread Rob Schaap

G'day pen-pals,

Briefingscom has beens saying, in a sad tone, that Warren Buffett has been
buying zero coupons.  What are those, then?

And I see the great Wall St charge has come to a halt after all of five days ...

Cheers,
Rob.




Shared Constraints?

2001-05-03 Thread Ricardo Duchesne

As if to imprint on us the gravity of England's organic fuel shortage, 
P reminds us, at one point, that the British economy was already 
using over 8,000,000 Kcal of coal-based energy per person in 1815, 
before most of the boom in steam engines (222). But isn't this a 
clear indication that England was actually finding and using 
inanimate sources of  energy? 

Having dealt already to some degree with this issue here and 
elsewhere (the one obvious weak link in P's book which Vries and 
others have pointed out) I just want to add that Britons were well 
aware of the land-fuel constraints they were facing and, for complex 
historical reasons, were able to find a technological solution to 
those difficulties. If we look at the iron industry we will find that 
already in the 17th century there serious efforts underway to use 
coal as a fuel for  smelting iron, and that in 1709 Abraham Darby 
managed to use coke rather than charcoal. Here sinologists will   
point out that, as early as the 11th century, the Chinese were 
capable of smelting iron with coal. But, to me, this gives us 
permission to ask the very question sinologists like Sivin feel we 
should not ask but which Eric Jones says are legitimate: why a 
society that had achieved so much then passed so many centuries 
without achieving it again? (Jones, 1990). And, conversely, why 
were discoveries like Darby's followed up in a sustained way during 
the eighteenth century in England? Why did Henry Cort  develop, in 
1784, the puddling process for converting cast iron to wrought 
iron using coal? - innovations which in the course of the 18th 
century allowed iron production to grow by more than 10 times! 






RE: Re: RE: Re: Re: brad de long textbook

2001-05-03 Thread Eric Nilsson

RE Brad's
 It is a
 perfect illustration of how
 monopolistically competitive markets
 with entry do not produce
 anything like the social optimum...

It is also a clear example of how firms, seeking
to make profits, shape market structure: market
structure is often endogenously determined by
profit-seeking firms.

I recollect this sort of thing being discussed in
the NC literature in the mid-to late-1980s but I
don't think this point of view has done much to
change how micro is taught at the undergraduate
level. Competition in NC textbooks is still of the
static sort rather than the dynamic type of
competition discussed in the classical literature.
(Debating note: when in doubt label what you don't
like as static and label what you do like as
dynamic.)

Eric
.






BC Government on GATS

2001-05-03 Thread Ian Murray

Thanks to: Ellen Gould [EMAIL PROTECTED]

The Government of British Columbia, Canada, has published its
analysis of the General Agreement on Trade in Services (GATS),
including detailed analysis of how the GATS will limit
publicly provided services, such as education and health care.

If you are concerned about trade agreements that limit
government authority and promote the privatization of public
services, I urge you to read the document and do a key-word
search for health or education.

I can send the document to you, if you are not able to get
the document from BC Government website.  (approximately 40k)

http://www.ei.gov.bc.ca/TradeExport/FTAA-WTO/governmentalauth.htm

.....


GATS and Public Service Systems
Discussion Paper
02 April 2001

International Branch
Ministry of Employment and Investment
Government of British Columbia
PO Box 9327, Stn Prov Govt
Victoria, B.C. Canada V8W 9N3
(250) 952-0707


Introduction and Overview

This paper on the =93exercise of governmental authority=94 considers the
extent and range of interpretation of an important exclusion in the
General Agreement on Trade in Services (GATS).  To the best of our
knowledge, there are no other papers that discuss the meaning of this
important exclusion in any detail.  In the absence of more exhaustive
interpretive materials, as well as a lack of decisions by trade panels
on the meaning of the governmental authority exclusion, it is not
possible to determine how broadly or narrowly this provision might be
interpreted.  Since the Canadian government has signed onto the GATS in
1995, it is important to understand how governments might be affected by
its obligations.  An important part of understanding the GATS is to have
clarity about what types of measures governments can exclude from
coverage of the agreement.

The GATS is an important agreement since services represent anywhere
from 60%-80% of the gross domestic product (GDP) of WTO member nations.
The GATS also has a built-in agenda that requires on-going
negotiations.  Negotiations to broaden and deepen the GATS have been
taking place since January 2000.  There is no agreed-to completion date
but typically such negotiations last for several years.

There is no definition for services in the agreement.  It has often
been  said that a service is anything that cannot be dropped on your
foot.  It is hard to imagine a good that is not connected to a series
of services.  Obviously, each good contains labour services but often
also requires a series of services in order to allow for
use/consumption of that good.  For example, computers have to be
transported, distributed, advertised, sold, have software installed,
provide education on software use, repaired and guaranteed.  All of
these services are essential to bring a good to market and to ensure
that the good is sold and consumed.

Many services have a strong public policy dimension to them, including
health care, education, water treatment, tobacco advertising, alcohol
distribution, electricity distribution, information services, among
others.  Knowing the importance of some of these services to Canadians,
the federal government has given assurances that it will not
negotiate the inclusion of public health, education and social
services.

In an effort to enhance trade in services, and to otherwise open up
services markets, the GATS contains rules which discipline or
restrict government action (measures).

The scope of the agreement is extraordinarily broad because it
potentially covers everything that governments do which affect trade
in services and, it potentially covers all levels of governments.
Government measures include legislation and regulation as well as
requirements, procedures, practices or other actions.

WTO trade panels have recently ruled that government measures which
cover goods, but which affect trade in services, are also covered by
the GATS rules.  WTO trade panels also ruled that measures designed to
cover services, but which affect trade in goods, are covered by the
General Agreement on Tariffs and Trade (GATT).  This adds another layer
of complexity for governments and their citizens when attempting to
assess whether or not new measures will be trade consistent.

The GATS is structured to include parallel but interrelated sets of
rules.  One set of rules is found in Part II General Obligations and
Disciplines.  These rules apply to all service sectors unless they are
explicitly excepted.  This is known as the top down approach; and in
principle, every service is covered unless explicitly exempted.
Negotiations taking place at present are designed to =93deepen=94 the
existing obligations in this part of the GATS, that is, to increase
the number of rules which apply to government measures.

Part III of the GATS contains an additional and more demanding set of
rules that are bottom-up, that is, these rules only apply to service
sectors where governments 

Re: RE: Re: Re: the enemy's statistics

2001-05-03 Thread Michael Pugliese

http://www.washingtonpost.com/ac2/wp-dyn/A16365-2001Apr28?language=printer
- Original Message -
From: Brown, Martin (NCI) [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, May 03, 2001 8:00 AM
Subject: [PEN-L:11155] RE: Re: Re: the enemy's statistics


 I have been working with OECD on a cross-national study of breast cancer.
 This study only involves developed countries (I guess with the exception
of
 Mexico). Even within this group it is true that that quality and
reliability
 of statistics is highly variable by country.  Of course, developing
national
 statistics on national expenditures and outcomes at the disease-specific
 level is a lot more arcane than more general national health and income
 statistics.  I felt a little guilty working for this NATO - like agency (I
 don't get any money from them, this is considered part of my professional
 NCI duties like virtually every consulting I do - we have real ethics
 regulations, unlike Universities). But then I saw an article in the
 Washington Post the other day reporting that OECD has become the latest
 favorite villain of the U.S. right.  It seems that OECD published a very
 mild report suggesting development of an international code of standards
to
 prevent off-shore banking havens from being used to shield money gained
from
 criminal activity and tax evasion.  This caused a torrent of abuse from
the
 U.S. right, portraying the OECD report as calling for a world government
 that would violate the sacred right of wealth holders to freely move their
 assets anywhere in world for any reason, especially tax avoidance.

 -Original Message-
 From: ALI KADRI [mailto:[EMAIL PROTECTED]]
 Sent: Thursday, May 03, 2001 10:44 AM
 To: [EMAIL PROTECTED]
 Subject: [PEN-L:11154] Re: Re: the enemy's statistics


 On a more concrete or detailed level, much of the data
 is not gathered by the UN but through the national
 stastistical offices. So the quality of the data is in
 doubt when the conuntry's bureau of statistics in
 Benin has a reputation for rigging stuff. Statistics
 from the the transition economies are fairly reliable
 because these countries had highly qualified people in
 place. UN statistics are better or at least used to be
 before the big restructuring. Some of the old stock of
 UN statisticians studied with Tinbergen, and people
 like Kalecki, Myrdal and others were UN
 economist-statisticians. But the big restructuring
 beginning with the end of the cold war killed off any
 reliable statistics on the poor, women, and other
 essential developmental programs because it attacked
 anything to do with development and emphasized the
 role of private capital in developemntal processes,
 hence, the rise of microcredit, fdi, tncs etc
 An area which which everyone should be aware of the
 poor quality of trade statistics in the developing
 world.
 The point I want to make is again much of the
 statistics are nationally generated; back in the good
 old days the qulaity was a bit better because UN
 statisticians tried to systemetize the data and the
 data collection process and provide assitance to
 national bureaus as needed.
 by the way Kalecki was serving in the new york office
 in the 1950's as senior UN official, but with macarthy
 having influence in the un administration, the un
 demoted to a lower level. this to my knowledge is the
 only demotion in UN history.
 One area of concern
 --- Louis Proyect [EMAIL PROTECTED] wrote:
  Jim Devine:
  Don't you think that the UN statistics indicating a
  rise in mortality in
  Russia are valid, at least as ballpark estimates?
  why do you accept these
  statistics -- which make a newly capitalist country
  look horrible -- and
  not others, that might indicate that it's possible
  for workers to win
  longer life-spans under capitalism if they fight
  hard enough and they're
  lucky? Is it because you agree with the political
  conclusions that jump out
  of the one set of statistics (that the transition
  to capitalism is a bad
  thing) and not those of the other (that capitalism
  might allow some
  reforms)? If so, that's totally fallacious.
 
  This is not about whether one should use or not use
  the enemy's statistics.
  It is about using them in a reductionist way like
  Doug and Brad do. If
  somebody asked me if South Korea was making progress
  or not making
  progress, the last place I'd look is the HDI report.
  I'd look at Marty
  Hart-Landsburg's books.
 
  I have been studying Latin America closely since
  1974 when I was involved
  in a faction fight in the Fourth International over
  guerrilla warfare. As a
  reporter for the anti-Mandel faction, I worked
  closely with Argentine
  Trotskyists and learned a lot about the problems of
  the country through
  discussions with them and reading their documents.
  In the early 1980s I got
  involved with the Committee in Solidarity with the
  People of El Salvador
  first and then with Nicaragua solidarity
  organizations from 

RE: Re: RE: Re: Re: the enemy's statistics

2001-05-03 Thread Brown, Martin (NCI)

Yeah, that's it.

-Original Message-
From: Michael Pugliese [mailto:[EMAIL PROTECTED]]
Sent: Thursday, May 03, 2001 11:18 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:11162] Re: RE: Re: Re: the enemy's statistics


http://www.washingtonpost.com/ac2/wp-dyn/A16365-2001Apr28?language=printer
- Original Message -
From: Brown, Martin (NCI) [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, May 03, 2001 8:00 AM
Subject: [PEN-L:11155] RE: Re: Re: the enemy's statistics


 I have been working with OECD on a cross-national study of breast cancer.
 This study only involves developed countries (I guess with the exception
of
 Mexico). Even within this group it is true that that quality and
reliability
 of statistics is highly variable by country.  Of course, developing
national
 statistics on national expenditures and outcomes at the disease-specific
 level is a lot more arcane than more general national health and income
 statistics.  I felt a little guilty working for this NATO - like agency (I
 don't get any money from them, this is considered part of my professional
 NCI duties like virtually every consulting I do - we have real ethics
 regulations, unlike Universities). But then I saw an article in the
 Washington Post the other day reporting that OECD has become the latest
 favorite villain of the U.S. right.  It seems that OECD published a very
 mild report suggesting development of an international code of standards
to
 prevent off-shore banking havens from being used to shield money gained
from
 criminal activity and tax evasion.  This caused a torrent of abuse from
the
 U.S. right, portraying the OECD report as calling for a world government
 that would violate the sacred right of wealth holders to freely move their
 assets anywhere in world for any reason, especially tax avoidance.

 -Original Message-
 From: ALI KADRI [mailto:[EMAIL PROTECTED]]
 Sent: Thursday, May 03, 2001 10:44 AM
 To: [EMAIL PROTECTED]
 Subject: [PEN-L:11154] Re: Re: the enemy's statistics


 On a more concrete or detailed level, much of the data
 is not gathered by the UN but through the national
 stastistical offices. So the quality of the data is in
 doubt when the conuntry's bureau of statistics in
 Benin has a reputation for rigging stuff. Statistics
 from the the transition economies are fairly reliable
 because these countries had highly qualified people in
 place. UN statistics are better or at least used to be
 before the big restructuring. Some of the old stock of
 UN statisticians studied with Tinbergen, and people
 like Kalecki, Myrdal and others were UN
 economist-statisticians. But the big restructuring
 beginning with the end of the cold war killed off any
 reliable statistics on the poor, women, and other
 essential developmental programs because it attacked
 anything to do with development and emphasized the
 role of private capital in developemntal processes,
 hence, the rise of microcredit, fdi, tncs etc
 An area which which everyone should be aware of the
 poor quality of trade statistics in the developing
 world.
 The point I want to make is again much of the
 statistics are nationally generated; back in the good
 old days the qulaity was a bit better because UN
 statisticians tried to systemetize the data and the
 data collection process and provide assitance to
 national bureaus as needed.
 by the way Kalecki was serving in the new york office
 in the 1950's as senior UN official, but with macarthy
 having influence in the un administration, the un
 demoted to a lower level. this to my knowledge is the
 only demotion in UN history.
 One area of concern
 --- Louis Proyect [EMAIL PROTECTED] wrote:
  Jim Devine:
  Don't you think that the UN statistics indicating a
  rise in mortality in
  Russia are valid, at least as ballpark estimates?
  why do you accept these
  statistics -- which make a newly capitalist country
  look horrible -- and
  not others, that might indicate that it's possible
  for workers to win
  longer life-spans under capitalism if they fight
  hard enough and they're
  lucky? Is it because you agree with the political
  conclusions that jump out
  of the one set of statistics (that the transition
  to capitalism is a bad
  thing) and not those of the other (that capitalism
  might allow some
  reforms)? If so, that's totally fallacious.
 
  This is not about whether one should use or not use
  the enemy's statistics.
  It is about using them in a reductionist way like
  Doug and Brad do. If
  somebody asked me if South Korea was making progress
  or not making
  progress, the last place I'd look is the HDI report.
  I'd look at Marty
  Hart-Landsburg's books.
 
  I have been studying Latin America closely since
  1974 when I was involved
  in a faction fight in the Fourth International over
  guerrilla warfare. As a
  reporter for the anti-Mandel faction, I worked
  closely with Argentine
  Trotskyists and learned a lot about the problems of
  the country through
  

Re: Finance Query

2001-05-03 Thread Doug Henwood

Rob Schaap wrote:

Briefingscom has beens saying, in a sad tone, that Warren Buffett has been
buying zero coupons.  What are those, then?

Bonds that pay interest only at maturity. Instead of getting $25 
twice a year on a $1,000 bond, you buy it at, say, $230, and get your 
$1,000 at maturity. Since you have to pay tax on the imputed interest 
every year, even though you're not getting any cash, it only makes 
sense in a tax-sheltered retirement account (or if you're a 
tax-exempt pension fund). The charm of zeroes is that the price moves 
a lot more than a coupon bond, so Buffett must be expecting a good 
drop in interest rates.

And I see the great Wall St charge has come to a halt after all of 
five days ...

Bad numbers on initial claims for unemployment insurance. Instead of 
reading weakness as good news, the markets are now reading it as bad 
news; worries that profits will suck are now outweighing enthusiasm 
over future Fed easing. Today at least.

Doug




Re: Re: RE: Re: Re: brad de long textbook

2001-05-03 Thread Jim Devine

Someone asked if the monopolistic competition theory was going to appear in 
Brad's text. I would guess not, since it's a macro textbook and MC is seen 
as a micro topic. But it should appear, since it is the normal form of 
markets (except for the bits about equilibrium and the common assumption of 
homogeneous competitors, in terms of cost structures) when there is no 
oligopolistic interdependence. Arrow pointed out years ago that since 
there's no Auctioneer to set prices, firms and consumers do it. 
(Nonetheless, economists, who usually love their Nobel-prize winners, 
ignore his point.)

Price-taking is silly except as a first approximation in some markets in 
finance. Most importantly, in discussion of a macro textbook, it gets us 
away from the notions of inflationary expectations that occur in the 
NAIRU literature. It's true that expectations play a role, but so do 
institutional forces such as the price/wage spiral and wage/wage inflation. 
That's why I replace inflationary expectations with the formally similar 
notion of an inflationary hangover, which includes the 
objective/institutional factors along with the subjective factors. This 
allows for slow adjustment of the hangover, along with the ratchet effect 
(inflationary hangover rising more easily that it falls, unless  there's a 
big or sustained recessionary impulse).

Of course, as Michael Perelman argues in his NATURAL INSTABILITY OF 
MARKETS, the degree of competition varies historically. After the 
neoliberal policy revolution, more of the world has been forced into the 
pure market strait-jacket, so institutional factors play a smaller 
role  (which naturally enough encourages instability).

Say, rather, that demand for books is highly inelastic once the professor 
has adopted it, and that total $$$ spent by students doesn't play a large 
role (it does play some role) in the professorial adoption decision.

Publishers and editors will say that although they use their local 
post-adoption monopoly power to the fullest to extract revenue from 
students, they and their companies don't get to keep it. They compete for 
course adoptions by spending more and more money on supplements and 
add-ons that they hope will make the professor happy, and make him or her 
adopt the book.

This is a highly dissipative activity: the value of the supplements to the 
professor is much less than the cost to the students of the money spent 
producing them. It is a perfect illustration of how monopolistically 
competitive markets with entry do not produce anything like the social 
optimum...


Brad DeLong


Jim Devine [EMAIL PROTECTED]   http://bellarmine.lmu.edu/~jdevine




RE: Re: RE: Re: brad de long textbook

2001-05-03 Thread Eric Nilsson

Brad wrote:
 If you wished (although God knows why
 you would) to portray your
 actions as a gamble by a flinty-eyed
 amoral profit-maximizing
 academic careerist, you could say that:


Okay, Okay -- you saw right through me.

But you missed one key aspect of my free (sic)
text: while I will not make any money off the text
itself, I do hope to market a line of action
figures that come out of my book: Supply-Demand
Man and Working-Class Heroes vs. Exploiting
Surplus Extractors WWF-style action figures.

And, again to be honest, I hope to make money off
of product placement. For instance (from my
text): Suppose you have a very strong preference
for Martha Stewart's pine-scented aromatherapy
candles which sell at K-Mart for $9.99. In this
case, you might buy lots of them at this price.
And your utility will be very high if you do
this.

Still, I must protest the flinty-eyed insult: my
eyes are kinda droopy and not flinty at all.

Eric;)








Re: Re: Re: Re: the enemy's statistics

2001-05-03 Thread Jim Devine

Ali wrote: The point I want to make is again much of the statistics are 
nationally generated; back in the good old days the qulaity was a bit 
better because UN statisticians tried to systemetize the data and the data 
collection process and provide assitance to national bureaus as needed.

I recently read an article by Brad deLong 
(http://www.j-bradford-delong.net/Econ_Articles/Jaffe/new_macroeconomy.html) 
  in which he cited an article by my old undergraduate senior thesis 
dvisor, William Nordhaus, as saying that we should throw the construction, 
services, government, and the 'finance, insurance, and real estate' sectors 
of the economy overboard as far as productivity calculations are concerned, 
and to focus on the remaining sectors which he calls 'well-measured 
output.' (This is a quote from Brad, not from Bill. I can't tell which 
Nordhaus article(s) Brad is summarizing.)

What's interesting is that this says that for many important purposes, the 
old Soviet-style national income accounting (the calculation of the Gross 
Material Product) was a better way of doing things! (Of course, we'd have 
to throw out the double-counting.)

Jim Devine [EMAIL PROTECTED]   http://bellarmine.lmu.edu/~jdevine




Re: Finance Query

2001-05-03 Thread Michael Perelman

Most bonds pay a return every quarter.  Zeros pay none.  As a result, they sell for
relatively little.  A $1000 bond could sell for $400 [making up numbers, which
depend on the duration of the bond]  Each year, as they come closer to their
expiration date their value comes closer to their face value -- $1000.

Their value depends more on interest rates than regular bonds.  He is betting that
inflation will be low and interest rates lower -- at least as long as he holds the
bonds.

Rob Schaap wrote:

 G'day pen-pals,

 Briefingscom has beens saying, in a sad tone, that Warren Buffett has been
 buying zero coupons.  What are those, then?

 And I see the great Wall St charge has come to a halt after all of five days ...

 Cheers,
 Rob.

--

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]




Query on Terminology, was ... textbook

2001-05-03 Thread Carrol Cox

What, exactly, is monopolistically competitive markets with entry? It
is partially but not wholly decipherable as ordinary language.

Carrol




Re: Query on Terminology, was ... textbook

2001-05-03 Thread Ellen Frank

Monopolistically competitive industries consist of small firms 
facing minimal entry barriers which compete by carving out
distinct market niches (mini-monopolies).  Because their 
products are - initially - unique, monopolistically competitive
firms can charge higher  prices than their perfectly competitive 
counterparts and avail themselves - temporarily - of monopoly
rents.  Of course low entry barriers ensure that such differentiated
 products will be emulated and the niche market eventually saturated.
The restaurant industry is a good  example of a monopolistically 
competitive industry.

Ellen 

[EMAIL PROTECTED] writes:
What, exactly, is monopolistically competitive markets with entry? It
is partially but not wholly decipherable as ordinary language.

Carrol





The contradictions of methodological individualism

2001-05-03 Thread Ian Murray

[this is fascinating even from a Whitehead-Russel logical types perspective]

Published on Wednesday, May 2, 2001
Ari  I
White House Press Briefing with Ari Fleischer
May 2, 2001, 2:00 p.m.
by Russell Mokhiber

Mokhiber: Ari, last month, Koch Industries, one of the nation's largest oil
companies, pled guilty to a felony environmental crime. The Washington Post reported,
also last month, that the company and its employees gave $30,000 to President Bush
during the Presidential race and a similar amount in 1995 as Governor of Texas when
he was running.

Mokhiber: -- is the President now willing to give the money back because the company
has been convicted of a felony? And does the President have a policy of accepting
campaign contributions from convicted felons?

Ari Fleischer: Can you give me a list of who the individuals were who gave the
campaign contributions?

Mokhiber: David Koch --

Fleischer: And were these individuals convicted, or was it just the company?

Mokhiber: The company was convicted --

Fleischer: So, it was not the individuals --

Mokhiber: But the company also gave --

Fleischer: So, it was not the individuals.

Mokhiber: The company was convicted of a felony and the company gave money to the --

Fleischer: And therefore every employee of the company is a felon?

Mokhiber: Now, wait, wait, wait, wait -- if I could follow up. The company was
convicted of a felony. The company gave money to the campaign.

Fleischer: The company gave money to the campaign?

Mokhiber: According to the Post, Bush received more than $30,000 from Koch Industries
and its employees in the Presidential race and received a similar amount since 1995
as Governor of Texas.

Fleischer: As you are aware, it is illegal to accept corporate contributions in
federal campaigns, so therefore, any contributions came from individuals. So, unless
you are prepared to say that a company that has a conviction means that all of its
employees are felons -- I'd be careful there.

Mokhiber: Let me just ask one further follow-up. Does the President have a policy of
accepting money from executives of corporate felons?

Fleischer: Again, individuals are free to give money in their own capacity. And it is
illegal to accept money from corporations, as you know.

[Note to readers: On April 10, 2001, the Washington Post's Dan Eggen (Oil Company
Agrees to Pay $20 Million in Fines, Koch Allegedly Hid Releases of Benzene) reported
the following:

The company and its employees donated $800,000 to GOP candidates and organizations
during the last election cycle, half of which came from David H. Koch, the firm's
executive vice president, according to campaign finance records. Bush received more
than $30,000 from Koch Industries and its employees in the presidential race and had
received a similar amount since 1995 as governor of Texas, campaign records show.
Fleischer said it is illegal to accept corporate contributions in federal campaigns,
so therefore, any contributions came from individuals.

True and false. It is true that it is illegal for a corporation to write a check out
of its general treasury to a federal candidate.

But a corporation's political action committee (PAC) can give money. And in this
case, Koch Industries PAC gave $5,000 to Bush during the last election.

I rang up Larry Noble, executive director of the Center for Responsive Politics.
Noble said that Fleischer was engaged in a diversion and that it reminded him of
Clinton saying it depends on what the definition of is is.

The PAC is run by the company, it is a separate account within the company, Noble
said. The company decides who the PAC gives money to.

And most often, the individual Koch executives who give money to the Bush campaign
often give at about the same time - as they did here - indicating that a fundraiser
from the company was in progress.

It's a distinction without a difference, Noble said of Fleischer's parsing.]

-Thanks to Russell Mokhiber

Russell Mokhiber is editor of the Washington, D.C.-based Corporate Crime Reporter.






Re: Re: Re: Re: Re: the enemy's statistics

2001-05-03 Thread Doug Henwood

Jim Devine wrote:

I recently read an article by Brad deLong 
(http://www.j-bradford-delong.net/Econ_Articles/Jaffe/new_macroeconomy.html) 
in which he cited an article by my old undergraduate senior thesis 
dvisor, William Nordhaus, as saying that we should throw the 
construction, services, government, and the 'finance, insurance, and 
real estate' sectors of the economy overboard as far as productivity 
calculations are concerned, and to focus on the remaining sectors 
which he calls 'well-measured output.' (This is a quote from Brad, 
not from Bill. I can't tell which Nordhaus article(s) Brad is 
summarizing.)

Ah, Nordhaus. In his intermediate macro course, he had us devise 
fiscal and monetary policy for a model economy he'd developed. It was 
my right-wing days, so I ran a tight ship. I had unemployment up to 
20% in no time!

I like the idea of this: throw out the stuff we don't like. 
Productivity sucks in these sectors, so let's forget them! Does he 
mean to imply that hedonic computer pricing produces well-measured 
output?

Doug




Re: Query on Terminology, was ... textbook

2001-05-03 Thread Jim Devine

At 11:10 AM 5/3/01 -0500, you wrote:
What, exactly, is monopolistically competitive markets with entry? It
is partially but not wholly decipherable as ordinary language.

it does sound oxymoronic, but it fits with a Marxian point, i.e., that pure 
monopoly and pure competition are almost nonexistent while capitalism is 
always competitive and always monopolistic.

The standard model of MC describes a large bunch of firms in a market, 
where each offers a slightly different product. My example for teaching it 
is rock 'n' roll bands (of the garage-band rather than the superstar 
variety). Because each offers different music (or music to old fogies 
like myself), there's brand -- or band -- loyalty, so that each can raise 
prices a little (or lower quality a little) without losing all customers. 
(In a perfectly competitive market, no firm can raise prices. If one does, 
it loses all customers.)

The garage-band market also has easy entry: kids can buy electric guitars, 
amps, etc. at their local pawnshops and set up bands. Accumulation of human 
capital (i.e., talent) isn't important. (Sorry, my ear is jaundiced.) So 
any profits that a band makes disappear as we see a decline in the demand 
for each band's services. In the end, we see excess capacity, meaning 
that the bands don't have as many gigs as they'd like to have. Their 
equipment goes unused. (This may be a good thing, since it gives them 
opportunity to practice.)

The problem with the standard model of MC is that (1) it assumes that all 
firms have the same cost structure (even though they produce different 
products); and (2) it focuses on equilibrium, ignoring the process. In 
reality, at any one time, there are bands that have profits and others that 
have losses. So some are trying to expand, while others are leaving the 
market (unless they _hope_ to make it big in the future). If the 
zero-profit prediction is to make any sense, it would be _on average_, not 
for any individual firm.

Jim Devine [EMAIL PROTECTED]   http://bellarmine.lmu.edu/~jdevine




RE: Query on Terminology, was ... textbook

2001-05-03 Thread Brown, Martin (NCI)

For example in the case of California oranges, the growers coop as power to
set price (through aggregate supply control) and earn monolpoly profits
because of this and also because of the market power associated with
consumer loyalty to the brand name (California oranges, Sunkist etc.).  But
there is easy entry in the sense that it doesn't take a whole lot of capital
or specialized knowledge to establish or expand an orange grove (but is does
take time for the trees to mature so this allows the monopoly profits to be
made in the short-run).  The added twist here is that the only legal way to
control supply as the aggegrate level is to ration individaul grower crops
(this for fresh fruit) onto the market through the enforement of quality
standards, that include a large component of purely cosmetic appearance
(this appearance, in turn is used in national advertising to reinforce
consumer loyalty to the Sunkist brand). In turn , the best way to get the
highest proportion of your crop through the quality standards is to use
chemical pesticides.  So, we end up with more oranges being grown each year,
an average higher percentage of each growers crops be rejected and an ever
increasing expenditure on chemical pesticides by each grower. If there were
an equilibrium it would be at a point where all farmers earn zero profits
and the returns to market power are distributed among the managers of the
coop, advertising firms and the chemical industry. In terms of social
welfare the farmers are no better off than they would be in a (hypothetical)
competitive market, consumers are worse off because they pay more oranges,
farm workers and the environment is worse of because of the increased use of
pesticides and agricultural science is worse off because integrated pest
management techniques can never produce the blemish-free oranges that the
quality standards call for.  Of course, there is no equilibrium there are
boom and bust cycles punctuated now and then by climate disasters.

The best quasi-mathematical presentation of this in my opinion is in the
micro textbook of Layard and Walters.

-Original Message-
From: Carrol Cox [mailto:[EMAIL PROTECTED]]
Sent: Thursday, May 03, 2001 12:10 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:11169] Query on Terminology, was ... textbook


What, exactly, is monopolistically competitive markets with entry? It
is partially but not wholly decipherable as ordinary language.

Carrol




Re: Re: Re: Re: Re: Re: the enemy's statistics

2001-05-03 Thread Jim Devine


Ah, Nordhaus. In his intermediate macro course, he had us devise fiscal 
and monetary policy for a model economy he'd developed. It was my 
right-wing days, so I ran a tight ship. I had unemployment up to 20% in no 
time!

I did some statistical regressions on that model. One of them had an 
R-squared equal to 1 and an F-stat equal to infinity. It turns out that 
there was no stochastic component in the model, so I was in effect 
regressing an identity. (Of course, one of my colleagues does that on 
purpose, asking his students to regress C, I, G, and NX against Y. The 
university is trying to get him to retire. He's one of the best arguments 
against the institution of tenure.)

Jim Devine [EMAIL PROTECTED]   http://bellarmine.lmu.edu/~jdevine




RE: The contradictions of methodological individualism

2001-05-03 Thread Brown, Martin (NCI)

This same company was convicted of cheating the federal government and
American Indian tribes of oil royalties by systematically un-reporting the
amount of oil that they were pumping from these properties.  The fraud was
in the hundreds of millions of dollars, I believe.
My brother, a computer engineer, worked for a company that was started by
the Koch brother who blew the whistle on the rest of the family in regard to
this.  He was making super-computers at a time when the market for these
technological dinasours was disappearing.  So he went around the country
passing out grants to University departments who, in turn, used the money to
buy the machines.  The hope was that this would build market reputation and
eventually additional customers would materialize and they would actually
start to sell machines for a profit.  This never happened and after a few
years my brother had to find a new job. (He has now outlived half a dozen
companies and works for a temp consulting firm). And this was the HONEST
Koch brother!  

-Original Message-
From: Ian Murray [mailto:[EMAIL PROTECTED]]
Sent: Thursday, May 03, 2001 12:23 PM
To: [EMAIL PROTECTED]
Cc: Lbo-Talk@Lists. Panix. Com
Subject: [PEN-L:11170] The contradictions of methodological
individualism


[this is fascinating even from a Whitehead-Russel logical types
perspective]

Published on Wednesday, May 2, 2001
Ari  I
White House Press Briefing with Ari Fleischer
May 2, 2001, 2:00 p.m.
by Russell Mokhiber

Mokhiber: Ari, last month, Koch Industries, one of the nation's largest oil
companies, pled guilty to a felony environmental crime. The Washington Post
reported,
also last month, that the company and its employees gave $30,000 to
President Bush
during the Presidential race and a similar amount in 1995 as Governor of
Texas when
he was running.

Mokhiber: -- is the President now willing to give the money back because the
company
has been convicted of a felony? And does the President have a policy of
accepting
campaign contributions from convicted felons?

Ari Fleischer: Can you give me a list of who the individuals were who gave
the
campaign contributions?

Mokhiber: David Koch --

Fleischer: And were these individuals convicted, or was it just the company?

Mokhiber: The company was convicted --

Fleischer: So, it was not the individuals --

Mokhiber: But the company also gave --

Fleischer: So, it was not the individuals.

Mokhiber: The company was convicted of a felony and the company gave money
to the --

Fleischer: And therefore every employee of the company is a felon?

Mokhiber: Now, wait, wait, wait, wait -- if I could follow up. The company
was
convicted of a felony. The company gave money to the campaign.

Fleischer: The company gave money to the campaign?

Mokhiber: According to the Post, Bush received more than $30,000 from Koch
Industries
and its employees in the Presidential race and received a similar amount
since 1995
as Governor of Texas.

Fleischer: As you are aware, it is illegal to accept corporate contributions
in
federal campaigns, so therefore, any contributions came from individuals.
So, unless
you are prepared to say that a company that has a conviction means that all
of its
employees are felons -- I'd be careful there.

Mokhiber: Let me just ask one further follow-up. Does the President have a
policy of
accepting money from executives of corporate felons?

Fleischer: Again, individuals are free to give money in their own capacity.
And it is
illegal to accept money from corporations, as you know.

[Note to readers: On April 10, 2001, the Washington Post's Dan Eggen (Oil
Company
Agrees to Pay $20 Million in Fines, Koch Allegedly Hid Releases of Benzene)
reported
the following:

The company and its employees donated $800,000 to GOP candidates and
organizations
during the last election cycle, half of which came from David H. Koch, the
firm's
executive vice president, according to campaign finance records. Bush
received more
than $30,000 from Koch Industries and its employees in the presidential race
and had
received a similar amount since 1995 as governor of Texas, campaign records
show.
Fleischer said it is illegal to accept corporate contributions in federal
campaigns,
so therefore, any contributions came from individuals.

True and false. It is true that it is illegal for a corporation to write a
check out
of its general treasury to a federal candidate.

But a corporation's political action committee (PAC) can give money. And in
this
case, Koch Industries PAC gave $5,000 to Bush during the last election.

I rang up Larry Noble, executive director of the Center for Responsive
Politics.
Noble said that Fleischer was engaged in a diversion and that it reminded
him of
Clinton saying it depends on what the definition of is is.

The PAC is run by the company, it is a separate account within the
company, Noble
said. The company decides who the PAC gives money to.

And most often, the individual Koch executives who give money to the 

Agricultural Revolution?

2001-05-03 Thread Ricardo Duchesne

I think P is far from persuasive that both China and Europe shared  
constraints. He stands on firmer ground when it comes to the 
English case. The timber famine and the  problem of mines filling 
with groundwater, as mine shafts were pushed down deeper, were 
real enough. (Of course, we have seen that it is too far a stretch to 
argue that the fortunate location of coal made the industrial 
revolution.) But I think that P makes a very weak argument  when it 
comes to the agricultural sector. I am not convinced at all that  
English agriculture was facing similar limitations, and the fertility of 
the soil had reached a limit which it could not transcend  using the 
old pre-industrial techniques. 

For a book that looks at every *quatitative* aspect of the sugar 
industry (i.e. British consumption, Caribbean exports, Chinese 
consumption, Chinese ritual uses of, prices, calories per day) one 
would expect something more about English agriculture than the 
paltry statistics that:  

i) English agricultural productivity seems not to have changed 
much between 1750 and 1850...per acre and total yields from 
arable land remained flat and the threat of decline constant... 
(216).   

ii) Thompson estimates that English farm output grew perhaps 50 
percent per laborer between 1840 and 1914, but since the number 
of laboreres fell, this represented an increase in total output of 
perhaps 12 percent in seventy years... (217)

iii) Britain's own grain and meat output were becoming inadequate, 
as indicated first by a sharp rise in the rise of wheat relative to 
other products (40 percent between 1760 and 1790... (217)

iv) In England...animal herds were...probably increasing; but the 
outlook for soil fertility was still far less rosy than is suggested by 
some accounts of the 'Agricultural Revolution'...the manure 
generated on these new pastures...increased total farm output 
(grain plus animal products) but not crop output (223-24).

One or  more irrelevant ones and that's it. Remember this is a 
crucial aspect of  P's thesis. He has to show that, by 1800, 
England had reached severe ecological limitations which it was 
lucky to overcome thanks to the importation of land-intensive crops 
from the New World (including timber from the North America). He 
has to show that there was not Agricultural Revolution in England 
prior to the 1850s (though we are left to wonder whether there 
might have been substantial changes before 1750 and whether by 
1750 productivity could no longer keep pace with population 
growth). Which sources does he use to support these  statistical 
claims? Just three: Ambrosoli (1997); Thompson, (1968, 1989); 
and my friend Greg Clark's 1991 article in EHR.   




A Bush family member on Imperialism :-)

2001-05-03 Thread Ian Murray


Imperialism, Race and Resistance
In Stock:Ships within 24 hours .
Barbara Bush / Paperback / Routledge / May 1999
Our Price: $24.99
http://www.routledge-ny.com 




Re: bottled water

2001-05-03 Thread Tim Bousquet

And many people (myself included) drink bottled water
because it isn't chlorinated. Besides health concerns
with chlorine, there's a simple matter of taste. I
wonder how much chlorine is actually needed, and if it
would be necessary at all if watersheds were
protected, farmland wasn't overgrazed, and so forth. I
don't drive a car in part because I think it is the
most wasteful and polluting form of transportation
imaginable; I can make that personal statement, but
please! don't send me on a guilt trip about my bottled
water, especially when most of it is consumed when I'm
on my bicycle.

--- Andrew Hagen [EMAIL PROTECTED] wrote:
 The World Wildlife Fund said today that in most
 developed countries the
 tap water is as safe to drink as bottled water,
 although up to 1,000
 times less expensive. The annual distribution of 90
 billion liters of
 bottled water may contribute to greenhouse gas
 emissions. The 1.5
 million tons of plastic used also may pose a threat
 to t
 environment.
 

http://dailynews.yahoo.com/h/nm/20010503/ts/environment_water_dc_1.html
 
 
 Earlier this week, during Dick Cheney's speech on
 the National Energy
 Policy where the Vice-President harangued against
 renewable energy
 sources and conservation, called for 38,000 miles of
 additional gas
 pipelines, demanded aggressive drilling in the
 Arctic National Wildlife
 Refuge, and announced plans for between 1,300 and
 1,900 new power
 plants, or one a week for at least 25 years, most of
 them burning coal,
 apparently to be paid for by
 crypto-corporate-socialist government
 subsidies, Dick Cheney had at his podium bottled
 water, apparently
 because he does not trust the tap water to be fre
 pollution.
 

http://cbsnews.com/now/story/0,1597,288475-412,00.shtml
 

http://more.abcnews.go.com/sections/us/dailynews/energy_cheney010430.ht
 ml
 
 (I observed the bottled water next to Cheney on a
 news program Monday.
 I think it was ABC's evening news.)
 
 The National Energy Policy will be formally
 released next month.
 
 Andrew Hagen
 [EMAIL PROTECTED]
 


=
Subscribe to the Chico Examiner for only $30 annually or $20 for six months. Mail cash 
or check payabe to Tim Bousquet to POBox 4627, Chico CA 95927

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Re: Re: Re: brad de long textbook

2001-05-03 Thread Brad DeLong

On Wednesday, May 2, 2001 at 21:20:47 (-0700) Brad DeLong writes:
  Is there
something specific about software that makes the open-source
management problem particularly easy? Or can we look forward to the
development of similar collective freeware intellectual efforts in
other areas as well?

Software techniques and modern software language features allow you to
decompose problems fairly readily.  This decoupling of various parts
allows you to work in common on describing what is to be done by
designing the interfaces and then to work in smaller groups on how
to implement the needed functionality described in the various
interfaces.  This, coupled with software that is designed to allow
developers to share code and to work concurrently on the same body of
code (this software is usually known as source code control
software, a popular example is CVS), makes it relatively easy to do.

An example is the writing of a stopwatch program.  You might discuss
what the interface would be like: you need to start it, stop it, get
the elapsed time, etc.  So, you'd need three functions to implement
this, and given a bit more info (what the internal data type looks
like and a bit more description), the three functions could be coded
by three developers in three separate source code files that resided
on the same central machine but were shared via the internet through a
version control system.

There are some aspects of this type of work that are difficult,
though:  the communication medium is very inefficient compared to
face-to-face interchange.  Imagine Crick and Watson sitting on
opposite coasts and trying to work out ideas via e-mail.  It can be
quite difficult without face-to-face communication, but you can
compensate by being careful in what you write and learning others'
assumptions, styles, etc.

I might also add that software is written in very highly constrained
languages, so perhaps writing natural language texts would be more
difficult, but perhaps not.


Bill

Good and interesting points. I wish you had a bottom line, but I 
think you would be foolhardy to have one at this stage...




RE: Re: Re: Re: brad de long textbook

2001-05-03 Thread Brown, Martin (NCI)

We have multiple grantees working on very complicated population level
disease simulation models. They are iteracting using an Internet - based,
open form relational database tool called Sciwiki.  We'll see how it works
but it looks pretty neat.  

-Original Message-
From: Brad DeLong [mailto:[EMAIL PROTECTED]]
Sent: Thursday, May 03, 2001 1:39 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:11179] Re: Re: Re: brad de long textbook


On Wednesday, May 2, 2001 at 21:20:47 (-0700) Brad DeLong writes:
  Is there
something specific about software that makes the open-source
management problem particularly easy? Or can we look forward to the
development of similar collective freeware intellectual efforts in
other areas as well?

Software techniques and modern software language features allow you to
decompose problems fairly readily.  This decoupling of various parts
allows you to work in common on describing what is to be done by
designing the interfaces and then to work in smaller groups on how
to implement the needed functionality described in the various
interfaces.  This, coupled with software that is designed to allow
developers to share code and to work concurrently on the same body of
code (this software is usually known as source code control
software, a popular example is CVS), makes it relatively easy to do.

An example is the writing of a stopwatch program.  You might discuss
what the interface would be like: you need to start it, stop it, get
the elapsed time, etc.  So, you'd need three functions to implement
this, and given a bit more info (what the internal data type looks
like and a bit more description), the three functions could be coded
by three developers in three separate source code files that resided
on the same central machine but were shared via the internet through a
version control system.

There are some aspects of this type of work that are difficult,
though:  the communication medium is very inefficient compared to
face-to-face interchange.  Imagine Crick and Watson sitting on
opposite coasts and trying to work out ideas via e-mail.  It can be
quite difficult without face-to-face communication, but you can
compensate by being careful in what you write and learning others'
assumptions, styles, etc.

I might also add that software is written in very highly constrained
languages, so perhaps writing natural language texts would be more
difficult, but perhaps not.


Bill

Good and interesting points. I wish you had a bottom line, but I 
think you would be foolhardy to have one at this stage...




Re: The contradictions of methodological individual ism

2001-05-03 Thread Michael Perelman

While the Kochs do not pay taxes, they exercize their social
responsibility by donating hefty amounts to Cato and Heritage.

On Thu, May 03, 2001 at 12:45:58PM -0400, Brown, Martin (NCI) wrote:
 This same company was convicted of cheating the federal government and
 American Indian tribes of oil royalties by systematically un-reporting the
 amount of oil that they were pumping from these properties.  The fraud was
 in the hundreds of millions of dollars, I believe.
 My brother, a computer engineer, worked for a company that was started by
 the Koch brother who blew the whistle on the rest of the family in regard to
 this.  He was making super-computers at a time when the market for these
 technological dinasours was disappearing.  So he went around the country
 passing out grants to University departments who, in turn, used the money to
 buy the machines.  The hope was that this would build market reputation and
 eventually additional customers would materialize and they would actually
 start to sell machines for a profit.  This never happened and after a few
 years my brother had to find a new job. (He has now outlived half a dozen
 companies and works for a temp consulting firm). And this was the HONEST
 Koch brother!  
 
 -Original Message-
 From: Ian Murray [mailto:[EMAIL PROTECTED]]
 Sent: Thursday, May 03, 2001 12:23 PM
 To: [EMAIL PROTECTED]
 Cc: Lbo-Talk@Lists. Panix. Com
 Subject: [PEN-L:11170] The contradictions of methodological
 individualism
 
 
 [this is fascinating even from a Whitehead-Russel logical types
 perspective]
 
 Published on Wednesday, May 2, 2001
 Ari  I
 White House Press Briefing with Ari Fleischer
 May 2, 2001, 2:00 p.m.
 by Russell Mokhiber
 
 Mokhiber: Ari, last month, Koch Industries, one of the nation's largest oil
 companies, pled guilty to a felony environmental crime. The Washington Post
 reported,
 also last month, that the company and its employees gave $30,000 to
 President Bush
 during the Presidential race and a similar amount in 1995 as Governor of
 Texas when
 he was running.
 
 Mokhiber: -- is the President now willing to give the money back because the
 company
 has been convicted of a felony? And does the President have a policy of
 accepting
 campaign contributions from convicted felons?
 
 Ari Fleischer: Can you give me a list of who the individuals were who gave
 the
 campaign contributions?
 
 Mokhiber: David Koch --
 
 Fleischer: And were these individuals convicted, or was it just the company?
 
 Mokhiber: The company was convicted --
 
 Fleischer: So, it was not the individuals --
 
 Mokhiber: But the company also gave --
 
 Fleischer: So, it was not the individuals.
 
 Mokhiber: The company was convicted of a felony and the company gave money
 to the --
 
 Fleischer: And therefore every employee of the company is a felon?
 
 Mokhiber: Now, wait, wait, wait, wait -- if I could follow up. The company
 was
 convicted of a felony. The company gave money to the campaign.
 
 Fleischer: The company gave money to the campaign?
 
 Mokhiber: According to the Post, Bush received more than $30,000 from Koch
 Industries
 and its employees in the Presidential race and received a similar amount
 since 1995
 as Governor of Texas.
 
 Fleischer: As you are aware, it is illegal to accept corporate contributions
 in
 federal campaigns, so therefore, any contributions came from individuals.
 So, unless
 you are prepared to say that a company that has a conviction means that all
 of its
 employees are felons -- I'd be careful there.
 
 Mokhiber: Let me just ask one further follow-up. Does the President have a
 policy of
 accepting money from executives of corporate felons?
 
 Fleischer: Again, individuals are free to give money in their own capacity.
 And it is
 illegal to accept money from corporations, as you know.
 
 [Note to readers: On April 10, 2001, the Washington Post's Dan Eggen (Oil
 Company
 Agrees to Pay $20 Million in Fines, Koch Allegedly Hid Releases of Benzene)
 reported
 the following:
 
 The company and its employees donated $800,000 to GOP candidates and
 organizations
 during the last election cycle, half of which came from David H. Koch, the
 firm's
 executive vice president, according to campaign finance records. Bush
 received more
 than $30,000 from Koch Industries and its employees in the presidential race
 and had
 received a similar amount since 1995 as governor of Texas, campaign records
 show.
 Fleischer said it is illegal to accept corporate contributions in federal
 campaigns,
 so therefore, any contributions came from individuals.
 
 True and false. It is true that it is illegal for a corporation to write a
 check out
 of its general treasury to a federal candidate.
 
 But a corporation's political action committee (PAC) can give money. And in
 this
 case, Koch Industries PAC gave $5,000 to Bush during the last election.
 
 I rang up Larry Noble, executive director of the Center for Responsive
 Politics.
 Noble said that Fleischer 

I may be unsubbing you

2001-05-03 Thread Michael Perelman

I am going to remove about 5 people whose address seems to be wrong.  If
you get one of these notices, please contact me.
-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]




Re: I may be unsubbing you

2001-05-03 Thread Michael Perelman

Clarification.  Everyone on the list should be receiving the information
about the unsubbing.  Only those people who receive a notification of
their being unsubbed should be concerned.  Sorry.

On Thu, May 03, 2001 at 12:18:21PM -0700, Michael Perelman wrote:
 I am going to remove about 5 people whose address seems to be wrong.  If
 you get one of these notices, please contact me.
 -- 
 Michael Perelman
 Economics Department
 California State University
 Chico, CA 95929
 
 Tel. 530-898-5321
 E-Mail [EMAIL PROTECTED]
 

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]




Re: I may be unsubbing you

2001-05-03 Thread Justin Schwartz

This is my correct address. --jks


From: Michael Perelman [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: [PEN-L:11183] I may be unsubbing you
Date: Thu, 3 May 2001 12:18:21 -0700

I am going to remove about 5 people whose address seems to be wrong.  If
you get one of these notices, please contact me.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]


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RE: I may be unsubbing you

2001-05-03 Thread Max Sawicky

[sob]



-Original Message-
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Michael Perelman
Sent: Thursday, May 03, 2001 8:18 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:11183] I may be unsubbing you


I am going to remove about 5 people whose address seems to be wrong.  If
you get one of these notices, please contact me.
-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]




BLS Daily Report

2001-05-03 Thread Richardson_D

 BLS DAILY REPORT, THURSDAY, MAY 3, 2001:
 
 RELEASED TODAY:  From 1998 to 1999, multifactor productivity rose 0.8
 percent in the private business sector and 0.6 percent in the private
 nonfarm business sector, the Bureau of Labor Statistics reports.
 Multifactor productivity is designed to measure the joint influences on
 economic growth of technological change, efficiency improvements, returns
 to scale, reallocation of resources, and other factors.  Multifactor
 productivity, therefore, differs from the labor productivity (output per
 hour) measures that are published quarterly by BLS since it requires
 information on capital services and other data that are not available on a
 quarterly basis.  Multifactor productivity increased for the eighth
 consecutive year in both the private business and private nonfarm business
 sectors, but at the lowest rates since 1995. 
 
 The number of Americans filing new claims for state unemployment insurance
 rose sharply last week to a 5-year high.  The report offered fresh
 evidence that employers' demand for workers has waned as the economy
 slowed.  The Labor Department reported today that jobless claims went up
 by a bigger than expected 9,000 to a seasonally adjusted 421,000 for the
 workweek ended April 28.  Many economists were expecting claims to fall.
 The increase kept claims at their highest level since March 23, 1996, when
 they stood at 428,000.  Claims hit a 5-year high 2-weeks ago when they
 rose to 412,000, according to revised figures, a bigger increase than the
 government previously thought (The Associated Press,
 http://washingtonpost.com/wp-dyn/articles/A38417-2001May 3.html;
 hht://www.usatoday.com/money/economy/2001-05-03-jobless.htm; Reuters,
 http://www.latimes.com/wires/20010503/tCB00a2866.html).
 
 U.S. economic growth was slow throughout March and early April as
 industrial activity continued to soften and demand for many consumer goods
 was lackluster, the Federal Reserve Board says in its beige book report.
 The report finds one of the few bright spots in the economy was an
 increase in home sales and refinancing activity due to lower mortgage
 rates. The Fed also said that although businesses are beginning to feel
 less pressure from rising wages, sharply higher energy costs are
 continuing to spoil profit margins.  The manufacturing sector, which
 economists say has been in its own recession since July 2000, showed few
 signs of improving in March and April, the Fed said (Daily Labor Report,
 page D-1; The Wall Street Journal, page A2).
 
  Labor markets, which were tight for most of last year, have loosened
 somewhat in most parts of the country and employers are finding it easier
 to fill vacancies, the Federal Reserve's latest survey of nationwide
 economic conditions shows.  Wages are rising very moderately or are
 unchanged in most parts of the country except for the Richmond and San
 Francisco (Federal Reserve Bank) districts where scattered wage increases
 are noted.  Retail prices are steady in most districts, except Richmond,
 where retail prices have been rising at a quicker pace in recent weeks
 (The Washington Post, page E3).
 
 According to data compiled by the Bureau of National Affairs in the first
 18 weeks of 2001, newly bargained contracts in the manufacturing industry
 provide a weighted average first-year increase of 3.5 percent, compared
 with 3.3 percent in the comparable period of 2000, while agreements in the
 nonmanufacturing (excluding construction) sector produced a weighted
 average increase of 4.2 percent, compared with 3.9 percent in 2000.  The
 current median manufacturing increase was 3 percent, unchanged from 2000,
 and the median nonmanufacturing increase was 3.8 percent, compared with
 3.2 percent last year (Daily Labor Report, page D-3).
 
 The economy slowed in the last 2 months as retail sales were weak in March
 and manufacturers reported falling orders and production, the Federal
 Reserve said in its latest regional economic report card (Bloomberg News
 in The New York Times, page C4).
 
 The information-technology revolution should keep boosting productivity
 and living standards, writes Laura D'Andrea Tyson, dean of the Haas School
 of Business at the University of California at Berkeley in Business Week
 (April 30, page 26).  According to a recent study by the Council of
 Economic Advisers, labor productivity accelerated by 1.6 percentage points
 from 1995 to 2000, compared with its growth from 1974 to 1995.  The lion's
 share of this acceleration stemmed from more investment in information
 technology and efficiency improvements made possible by this technology.
 Most of these productivity gains occurred outside the computer sector and
 were highest in large service industries like wholesale and retail trade,
 finance and business services.  From 1989 to 1999, those sectors that
 added the most value through information technology enjoyed the largest
 productivity gains, with a 50 percent

Re: BLS Daily Report

2001-05-03 Thread Jim Devine

The BLS wrote:
  Labor Secretary Chao, in her first budget presentation to congressional
  appropriators, outlined on May 2 what she views as highlights in the Bush
  Administration's first budget proposal for the Labor Department. These
  include an $8.1 million funding increase for the Bureau of Labor
  Statistics, which is dedicated to improvements [sic] in the consumer 
 price index

so their emphasis is on reducing the estimated rate of inflation?

Jim Devine [EMAIL PROTECTED]   http://bellarmine.lmu.edu/~jdevine




Re: I may be unsubbing you

2001-05-03 Thread Marta Russell

Are my messages bouncing back to you?  My ISP (Los Angeles Free Net)
is a small nonprofit and it has been bouncing messages it thinks are
spam but, in fact, are not.
My email is [EMAIL PROTECTED] or
[EMAIL PROTECTED]
Sorry if this is causing problems, but I have already tried my best to
get LAFN to stop bouncing messages.  They don't seem capable of it.
marta

Michael Perelman wrote:
 
 I am going to remove about 5 people whose address seems to be wrong.  If
 you get one of these notices, please contact me.
 --
 Michael Perelman
 Economics Department
 California State University
 Chico, CA 95929
 
 Tel. 530-898-5321
 E-Mail [EMAIL PROTECTED]

-- 
Marta Russell
author, Los Angeles, CA
http://disweb.org/
Beyond Ramps: Disability at the End of the Social Contract
http://www.commoncouragepress.com/russell_ramps.html




Learn from Cuba, Says World Bank

2001-05-03 Thread Robert Naiman


Learn from Cuba, Says World Bank

By Jim Lobe

WASHINGTON, Apr 30 (IPS) - World Bank President
James Wolfensohn Monday
extolled the Communist government of President
Fidel Castro for doing ''a
great job'' in providing for the social welfare of
the Cuban people.

His remarks followed Sunday's publication of the
Bank's 2001 edition of
'World Development Indicators' (WDI), which showed
Cuba as topping
virtually all other poor countries in health and
education statistics.

It also showed that Havana has actually improved
its performance in both
areas despite the continuation of the US trade
embargo against it and the
end of Soviet aid and subsidies for the Caribbean
island more than ten
years ago.

''Cuba has done a great job on education and
health,'' Wolfensohn told
reporters at the conclusion of the annual spring
meetings of the Bank and
the International Monetary Fund (IMF). ''They have
done a good job, and it
does not embarrass me to admit it.''

His remarks reflect a growing appreciation in the
Bank for Cuba's social
record, despite recognition that Havana's economic
policies are virtually
the antithesis of the ''Washington Consensus'',
the neo-liberal orthodoxy
that has dominated the Bank's policy advice and
its controversial
structural adjustment programmes (SAPs) for most
of the last 20 years.

Some senior Bank officers, however, go so far as
to suggest that other
developing countries should take a very close look
at Cuba's performance.

''It is in some sense almost an anti-model,''
according to Eric Swanson,
the programme manager for the Bank's Development
Data Group, which compiled
the WDI, a tome of almost 400 pages covering
scores of economic, social,
and environmental indicators.

Indeed, Cuba is living proof in many ways that the
Bank's dictum that
economic growth is a precondition for improving
the lives of the poor is
over-stated, if not downright wrong. The Bank has
insisted for the past
decade that improving the lives of the poor was
its core mission.

Besides North Korea, Cuba is the one developing
country which, since 1960,
has never received the slightest assistance,
either in advice or in aid,
from the Bank. It is not even a member, which
means that Bank officers
cannot travel to the island on official business.

The island's economy, which suffered devastating
losses in production after
the Soviet Union withdrew its aid, especially its
oil supplies, a decade
ago, has yet to fully recover. Annual economic
growth, fuelled in part by a
growing tourism industry and limited foreign
investment, has been halting
and, for the most part, anaemic.

Moreover, its economic policies are generally
anathema to the Bank. The
government controls virtually the entire economy,
permitting private
entrepreneurs the tiniest of spaces. It heavily
subsidises virtually all
staples and commodities; its currency is not
convertible to anything. It
retains tight control over all foreign investment,
and often changes the
rules abruptly and for political reasons.

At the same time, however, its record of social
achievement has not only
been sustained; it's been enhanced, according to
the WDI.

It has reduced its infant mortality rate from 11
per 1,000 births in 1990
to seven in 1999, which places it firmly in the
ranks of the western
industrialised nations. It now stands at six,
according to Jo Ritzen, the
Bank's Vice President for Development Policy who
visited Cuba privately
several months ago to see for himself.

By comparison, the infant mortality rate for
Argentina stood at 18 in 1999;
Chile's was down to ten; and Costa Rica, 12. For
the entire Latin American
and Caribbean region as a whole, the average was
30 in 1999.

Similarly, the mortality rate for children under
five in Cuba has fallen
from 13 to eight per thousand over the decade.
That figure is 50 percent
lower than the rate in Chile, the Latin American
country closest to Cuba's
achievement. For the region as a whole, the
average was 38 in 1999.

''Six for every 1,000 in infant mortality - the
same level as Spain - is
just unbelievable,'' according to Ritzen, a former
education minister in
the Netherlands. ''You observe it, and so you see
that Cuba has done
exceedingly well in the human development area.''

Indeed, in Ritzen's own field the figures tell
much the same story. Net
primary enrolment for both girls and boys reached
100 percent in 1997, up
from 92 percent in 1990. That was as high as most
developed nations, higher
even than the US rate and well above 80-90 percent
rates achieved by the
most advanced Latin American countries.

''Even in education performance, Cuba's is very
much in tune with the
developed world, and much higher than schools in,
say, Argentina, Brazil,
or Chile.''

It is no wonder, in some ways. Public spending on
education in Cuba amounts
to about 6.7 percent of gross national income,
twice the proportion in
other Latin America and Caribbean countries and
even Singapore.

There were 12 primary pupils for every Cuban
teacher 

MSOFT versus Open Source movement

2001-05-03 Thread Ian Murray

http://www.nytimes.com/2001/05/03/technology/03SOFT.html
May 3, 2001


Microsoft Is Set to Be Top Foe of Free Code

By JOHN MARKOFF

SAN FRANCISCO, May 2 - Microsoft is preparing a broad campaign countering the
movement to give away and share software code, arguing that it potentially undermines
the intellectual property of countries and companies. At the same time, the company
is acknowledging that it is feeling pressure from the freely shared alternatives to
its commercial software.

In a speech defending Microsoft's business model, to be given on Thursday at the
Stern School of Business at New York University, Craig Mundie, a senior vice
president at Microsoft and one of its software strategists, will argue that the
company already follows the best attributes of the open-source model by sharing the
original programmer's instructions, or source code, more widely than is generally
realized.

The speech is part of an effort by Microsoft to raise questions about the limits of
innovation inherent in the open-source approach and to suggest that companies
adopting the approach are putting their intellectual property at risk.

Advocates of the open-source movement say that making the code available permits
other developers to tinker with it, find problems and improve the software. Although
the movement has not yet had a significant effect on sales of Microsoft's Office and
Windows products in the personal computer market, the company wants to enter the
corporate software market, where open source has gained ground.

In his speech, Mr. Mundie will argue that one aspect of the open-source model, known
as the General Public License, or G.P.L., is a potential trap that undercuts the
commercial software business and mirrors some of the worst practices of dot- com
businesses, in which goods were given away in an effort to attract visitors to Web
sites. G.P.L. requires that any software using source code already covered by the
licensing agreement must become available for free distribution.

This viral aspect of the G.P.L. poses a threat to the intellectual property of any
organization making use of it, Mr. Mundie said in a telephone interview this week.

I.B.M. in particular has been heavily marketing the free Linux operating system.

Mr. Mundie does not identify I.B.M. by name in his speech, which was provided
beforehand, but he says that large companies are naïve in adopting the open-source
model.

I would challenge you, he said, to find a company who is a large established
enterprise, who at the end of the day would throw all of its intellectual property
into the open- source category.

An I.B.M. executive said that his company had considered the issues surrounding the
protection of intellectual property and had decided that it was possible to follow
both a proprietary and a shared business model, even one based on the G.P.L.

The executive, Irving Wladawsky- Berger, an I.B.M. vice president, said, If we
thought this was a trap, we wouldn't be doing it, and as you know, we have a lot of
lawyers.

In February, Jim Allchin, a software designer at Microsoft, became a lightning rod
for industry criticism when he said in an interview with Bloomberg News that freely
distributed software code could stifle innovation and that legislators should be
aware of the threat.

Mr. Mundie said he would elaborate on Mr. Allchin's comments while also trying to
demonstrate that Microsoft already practices many of what he called the best aspects
of the open-source model.

We have been going around the industry talking to people, Mr. Mundie said, and
have been startled to find that people aren't very sophisticated about the
implications of what open source means. He acknowledged that the open-source
movement was making inroads.

The news here is that Microsoft is engaging in a serious way in this discussion, he
said. The open- source movement has continued to gather momentum in a P.R. sense and
a product sense.

He said Microsoft was particularly concerned about the inroads that the open-source
idea was making in other countries.

It's happening very, very broadly in a way that is troubling to us, he said. I
could highlight a dozen countries around the world who have open-source initiatives.

Mr. Mundie said that in his speech, he would break the open-source strategy into five
categories: community, standards, business model, investment and licensing model.
Microsoft, he said, in support of the community ideal, already has what he called a
shared-source philosophy, which makes its source code available to hardware makers,
software developers, scientists, researchers and government agencies.

Microsoft would expand its sharing initiatives, he said. But he added that the
company's proprietary business model was a more effective way to support industry
standards than the open-source approach, which he said could lead to a forking of
the software base resulting in the development of multiple incompatible versions of
standard programs.


Re: Re: The contradictions of methodological individualism

2001-05-03 Thread Michael Pugliese

   See this on David Koch.
http://www.potomac-inc.org/seduclft.html
   Michael Pugliese

Libertarians don't like to talk about how David Koch came to be their
party's vice-presidential nominee, and you can't blame them. To be blunt
about it, Koch bought the nomination; it cost him a half-million dollars.
There is no law against selling a slot on the national ticket to the highest
bidder, and in the Libertarians' case , it made a good deal of financial
sense. Still, it's not the kind of thing they like to talk about.
I was disturbed by it, admits Robert Poole, editor of Reason, a California
magazine that is the voice of the Libertarian movement's right wind. Several
weeks before the Libertarian party staged its national convention in Los
Angeles last September, David Koch sent a letter to the delegates announcing
that he would contribute several hundred thousand dollars to the 1890
campaign if he were nominated. In Los Angeles he upped the ante to a
half-million. David Koch has not been active in the party, concedes Poole,
But everyone made the calculations, and they were explicit about it in
their speeches, He was a Libertarian, he agreed with us, he was offering
money we couldn't otherwise get.. (Federal campaign laws limit the amount
individual may contribute to a presidential campaign, but places no
restrictions on a candidate's spending in his own race.) The vote was never
in doubt. There was no good reason not to nominate him, Poole said.

Koch's name is not a household word, not even to the delegates who voted for
him, and if he has his way, it won't become one any time soon: he is
conducting what one prominent Libertarian calls a front porch campaign.
But the party did not sell its nomination to a total stranger, David Koch,
39, head of Koch Engineering, is the brother of Charles Koch, 44,
chairperson and chief executive officer of Koch Industries. Charles Koch is
also the Friedrich Engels of Libertarianism. More than any other single
factor, it is his money that has transformed the Libertarian movement from a
doughty band of true believers into a political force that is on the verge
of becoming the first party since the Socialists to offer a serious
challenge to the Republocrat monopoly.

You have probably never heard of the Libertarian party, but thanks to Koch's
money, that will have changed by the end of the election campaign. The
party's presidential candidate, Ed Clark, is a 49-year old antitrust lawyer
for the Atlantic-Richfield oil company, with be on the ballot in some 4-odd
states, and his campaign strategists are hoping to raise $3 million to buy
newspapers, radio and television ads in major media markets, including 60
five-minute spots on network TV. The Libertarians' message will be a simple
one: the only way to solve the nation's problems is to get rid of
government.
  snip

- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, May 03, 2001 12:00 PM
Subject: [PEN-L:11182] Re: The contradictions of methodological individual
ism


 While the Kochs do not pay taxes, they exercize their social
 responsibility by donating hefty amounts to Cato and Heritage.

 On Thu, May 03, 2001 at 12:45:58PM -0400, Brown, Martin (NCI) wrote:
  This same company was convicted of cheating the federal government and
  American Indian tribes of oil royalties by systematically un-reporting
the
  amount of oil that they were pumping from these properties.  The fraud
was
  in the hundreds of millions of dollars, I believe.
  My brother, a computer engineer, worked for a company that was started
by
  the Koch brother who blew the whistle on the rest of the family in
regard to
  this.  He was making super-computers at a time when the market for these
  technological dinasours was disappearing.  So he went around the country
  passing out grants to University departments who, in turn, used the
money to
  buy the machines.  The hope was that this would build market reputation
and
  eventually additional customers would materialize and they would
actually
  start to sell machines for a profit.  This never happened and after a
few
  years my brother had to find a new job. (He has now outlived half a
dozen
  companies and works for a temp consulting firm). And this was the HONEST
  Koch brother!
 
  -Original Message-
  From: Ian Murray [mailto:[EMAIL PROTECTED]]
  Sent: Thursday, May 03, 2001 12:23 PM
  To: [EMAIL PROTECTED]
  Cc: Lbo-Talk@Lists. Panix. Com
  Subject: [PEN-L:11170] The contradictions of methodological
  individualism
 
 
  [this is fascinating even from a Whitehead-Russel logical types
  perspective]
 
  Published on Wednesday, May 2, 2001
  Ari  I
  White House Press Briefing with Ari Fleischer
  May 2, 2001, 2:00 p.m.
  by Russell Mokhiber
 
  Mokhiber: Ari, last month, Koch Industries, one of the nation's largest
oil
  companies, pled guilty to a felony environmental crime. The Washington
Post
  reported,
  also last month, that the 

Re: MSOFT versus Open Source movement

2001-05-03 Thread ravi narayan

Ian Murray wrote:

 
 Microsoft Is Set to Be Top Foe of Free Code
 

what is interesting is that jim allchin (identified as a software
designer in the news report, but who is, if i remember right, a
senior VP) called open software unamerican and used similar
red-baiting rhetoric. if capitalistic free market is what is
american, then, according to allchin, it is strange that various
microsoft minions are scurrying around the countryside arguing
philosophy to suggest that the poor software giant and capitalism
itself is under attack by open software. after all, if the market
decides the winner, given their huge financial and other resources,
all microsoft has to do would be to prove the superiority of their
model in the market place, do the american thing.

--ravi




******* What kind of world are we living in? ********

2001-05-03 Thread Charles Brown

***  What kind of world are we living in? 

Daily News 3/5/01

Poverty-stricken man digs his own grave

By Eric Ndiyane

Unemployment and poverty have forced a man from southern KwaZulu-Natal to
think ahead and start digging his own grave in preparation of his death -
whenever it may happen. Dembese Doncabe, 58, of Baphumile, near Port
Shepstone, shocked his two wives and the rest of the community when he began
digging his own grave two months ago.
Doncabe is unemployed and his family relies on growing vegetables for
survival. He said the idea of digging his own grave came after he attended a
funeral of a local couple a few years ago and he noticed how high the
funeral costs were.
Recently someone told me that the actual cost of a funeral had multiplied
and could even be more than R5 000 for a cheap service. I thought to myself
my family could never afford anything like that amount, he said.
Doncabe said that one day he woke up and told his wife about his
10-hour-long decision to start digging his own grave to save money. I went
to the local Induna and to the police to inform them of my decision.
The reality is that I cannot afford all the fancy things that go with
modern-day funerals, he said. He said that a week after he had dug the
hole, there was widespread condemnation by his fellow villagers, who even
asked him to stop bringing a curse on the village.
In his village it is believed that if one digs a grave, death will reign. I
am the most poor person who ever lived in this community and I told them
that they were the ones who knew my situation better. When I die, people
will just have to put me in a coffin, which I will be making in the coming
months, he said. Doncabe said people continued to visit his home because
they wanted to see the grave for themselves.
I have learned that poverty can make someone think. One thing I know is
that at my funeral there will be no jelly, meat or drink. People will only
eat plain samp and it will be one of the shortest funeral services, said
the humble man. Doncabe now plans to charge people a small amount of money
when they come to view the grave. One of his wives, Fikile Gladys Doncabe,
said she could not wait for her husband to finish the grave so he could
start digging hers.
I was shocked when he first told me about his decision and it did not go
down well with me at the time, but after he explained to me I understood. My
friends in the community criticised me for allowing him to continue with
this grave, she said. She said the idea arose from their desperate poverty.
We have to accept that it is expensive to bury a family member in these
days and those who are poor like us will always be subjects of gossip for
failing to feed those at the funerals, she said. A local resident, Victor
Shozi, said the village had accepted Doncabe's reasons for digging the
grave.

http://www.iol.co.za/general/newsview.php?click_id=124art_id=ct200105010925 
/Redirect/www.iol.co.za/general/newsview.php?click_id=124art_id=ct20010501 
092522993G610330set_id=1




Large-scale, Global Anti-capitalism Protests Putting Smaller, Local,Anti-capitalism Protests Out Of Business

2001-05-03 Thread Michael Pugliese

Large-scale, Global Anti-capitalism Protests Putting Smaller, Local,
Anti-capitalism Protests Out Of Business

There were calls today for multinational pro-anarchy pressure groups to be
investigated for monopolistic practices after the NW3 branch of the London
Radical Left Movement For Socialist Revolution was disbanded due to lack of
interest.

The group's spokesperson, leader, treasurer, secretary and only member,
Nigel
Wilkinson, believes that global anarchy movements such as the ones
responsible
for the G7 riots in Seattle and the disturbances expected in London on May
Day
are to blame for forcing out smaller, independent operations like his.

These large American anti-capitalist movements have effectively taken over
the
militant scene in this country, he said from his bedsit in Highgate. There
used
to be lots of small, independent groups all with their own unique character.
Now
it's the same old anarchy all over the world.

Wilkinson has seen his group's membership dwindle by almost 70 percent over
the last year from a peak of three members to just one - himself. We used
to stand
outside shopping centres and try to sell Socialist Worker to students. Now
its all
balaclavas and spray paint and massive crowds of people. I dunno. The
character
of these protests has totally changed.

However, Kyle Redmond, spokesperson for WorldProtest, which has thousands
of members in 20 countries and co-ordinates protests all over the world,
defended his organisation's approach: We give anarchists what they want.
It's a
supply and demand situation. We offer a basic menu of building defacement,
vandalism of a McDonalds outlet and general looting, ending with a
confrontation
with the local police. All our research shows that this is what the average
anarchist
on the street wants.

(c) urbanreflex.com 2001





Re: Re: Re: The contradictions of methodological individual ism

2001-05-03 Thread Justin Schwartz

Why should the libs quail at selling nominations? They're in favor of 
selling everything else. --jks



Libertarians don't like to talk about how David Koch came to be their
party's vice-presidential nominee, and you can't blame them. To be blunt
about it, Koch bought the nomination; it cost him a half-million dollars.
There is no law against selling a slot on the national ticket to the 
highest
bidder, and in the Libertarians' case , it made a good deal of financial
sense. Still, it's not the kind of thing they like to talk about.
I was disturbed by it, admits Robert Poole, editor of Reason, a 
California
magazine that is the voice of the Libertarian movement's right wind. 
Several
weeks before the Libertarian party staged its national convention in Los
Angeles last September, David Koch sent a letter to the delegates 
announcing
that he would contribute several hundred thousand dollars to the 1890
campaign if he were nominated. In Los Angeles he upped the ante to a
_
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