Re: Re: Re: Re: Re: RE: reform and rev
G'day Christian, > Michael wrote: > > > Also, interest rates are a very, very weak determinant of > investment. > > Are you speaking generally? If so, do you know of any good empirical > stuff that supports this? > Reckon pen-l has hit a very rich vein of late - gratitude to all. Anyway, if memory serves, the cable buy-up/roll-out frenzy of the late eighties was all done amidst seemingly sobering interest rate numbers. LJ Davis's *The Billionaire Shell Game* makes something of this as he traces Malone et al's predatory path to the crunch of the early 90s (not that all those chooks have come to a rest even now). A romping read, too, btw. Cheers, Rob.
Re: Re: Re: Re: Re: Re: reform and rev
Doug Henwood wrote: > > Carrol Cox wrote: > > >"If you don't hit it, it won't fall." Mao. > > > >I rather suspect that capitalism can be depended on periodically to tear > >itself apart -- but it can also be depended on to put itself back > >together > > Yup. As happened in Mao's own country over the last 20 years. What > happened? Why didn't his revo stick? > Historians, after three or four or 20 more failed revolutions and 30 successful ones may be able to look back and make an intelligent guess. Otherwise, I'm afraid your curiosity will go unquenched. If I had to guess, I would say that the bulk of the support for the revolution was not socialist but that aspect of it expressed in Mao's first speech on Tenyan (w?) Square: China has stood up. There was a socialist streak there, and I still regard Mao as a major Marxist thinker that we can learn from if we abstract correctly, but the essential drive was Chinese patriotism. Carrol
Re: Re: Re: Re: Re: RE: reform and rev
I have to run, but Robert Chirinko and Robert Eisner have done work on this. bye. On Fri, Jan 18, 2002 at 12:56:20PM -0500, [EMAIL PROTECTED] wrote: > Michael wrote: > > > Also, interest rates are a very, very weak determinant of investment. > > Are you speaking generally? If so, do you know of any good empirical stuff that >supports this? > > Christian > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
