I'd certainly agree with the characterization of capitalism Jim O'Connor
offers here, but it seems a misuse of the word to call something normal a
crisis. I'd prefer to confine the use of the term to a situation when the
very reproduction of the system is threatened - when its mechanisms of
Going beyond quibbles about the exact meaning of the word "crisis,"
I like Doug's treatment of the 1950s and 1960s as an unusual period.
I think that if we treated that period as the EXCEPTION rather
than as the RULE, it would lead to clearer thinking. Among other
things, old Karlos' ability to
Marx, c3 International Publishers
596: "Usury ... exerts ... an undermining and destructive influence on ancient
and feudal wealth and ancient and feudal property [I]t undermines and
ruins small-peasant and small-burgher production."
597: Usury has a revolutionary effect in all
On Sun, 27 Feb 1994 13:36:27 -0500 (EST) Doug Henwood said:
Yes I'd be interested in seeing cites on this. I'd prefer a formulation
more like bloodsucking leeches, or in Marx's own phrase, fabulous
parasites, rather than a progressive force.
Does that mean that KM agrees with Michael Jensen and
Feb. 28, 1994
John T. Harvey
Associate Professor of Economics
Texas Christian U.
Does anyone know of a position still available where a heterodox
economist would be welcome? One of our former students has gone through
two years of job markets and is still looking. His specialities are
Forwarded message:
From [EMAIL PROTECTED] Fri Feb 25 13:23:50 1994
Date: Fri, 25 Feb 1994 13:23:42 -0800
From: Hannah Holm [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: ZAPATISTA PAMPHLET
ZAPATISTA PAMPHLET News Release
February 25, 1994
In Message Fri, 25 Feb 94 00:28:41 CST,
[EMAIL PROTECTED] writes:
Question: can PEN-Lers tell us if Pitelis has it straight on Marxist
explanations of the origins of the capitalist state? We are poised to resume
our discussions on Tuesday with the valuable input of PEN-Lers!
Oops,
Ah, but there is only one Michael Jordan, and presumably his contract with
Nike is exclusive. Economics has always underestimated the importance of
advertising and marketing in defining preferences and stimulating demand.
One of the great 'triumphs' of American business over the last
Below, quotes preceded by "" are from me (from a comment on a
missive by Steve Keen). Those preceded by "GS" are from Gil
Skillman. Those preceded by "VK" are by Victor Kaspar. I added my
further comments, marked by "JD." (I've edited for readability
and left out some of Victor's comments.)
...
A while ago someone asked about TQM and universities. The attached
posting from another discussion list may be of interest, particularly
with respect to 1) work restructuring; 2) the role of unions; and 3)
privatization. The description also makes clear how necessary it is
to separate the "soft"
I'd certainly agree with the characterization of capitalism Jim O'Connor
offers here, but it seems a misuse of the word to call something normal a
crisis. I'd prefer to confine the use of the term to a situation when the
very reproduction of the system is threatened - when its mechanisms of
Marx, c3 International Publishers
596: "Usury ... exerts ... an undermining and destructive influence on ancient
and feudal wealth and ancient and feudal property [I]t undermines and
ruins small-peasant and small-burgher production."
597: Usury has a revolutionary effect in all
Maybe one reason that's allowing the increase in capitalist
mark-ups is the coincident waves of down-sizing, bankruptcies,
and mergers, which restrict supply. That's probably not enough, though.
in pen-l solidarity,
Jim Devine BITNET: jndf@lmuacadINTERNET: [EMAIL PROTECTED]
Econ. Dept.,
Thanks for all the comments on academic TQM. Sid Schniad sent me a
good paper on the subject by the Labor Notes folks (thanks, Sid!!!).
After reading it, I forwarded it to my dean, who seemed pretty
skeptical about TQM when she mentioned it. And who knows with nuns?
She might respond well to an
Feb. 28, 1994
John T. Harvey
Associate Professor of Economics
Texas Christian U.
Does anyone know of a position still available where a heterodox
economist would be welcome? One of our former students has gone through
two years of job markets and is still looking. His specialities are
Forwarded message:
From [EMAIL PROTECTED] Fri Feb 25 13:23:50 1994
Date: Fri, 25 Feb 1994 13:23:42 -0800
From: Hannah Holm [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: ZAPATISTA PAMPHLET
ZAPATISTA PAMPHLET News Release
February 25, 1994
Forwarded message:
From [EMAIL PROTECTED] Fri Feb 25 18:27:51 1994
Date: Fri, 25 Feb 94 21:26 EST
From: [EMAIL PROTECTED] (Christian Task Force on Central America BC)
To: [EMAIL PROTECTED]
Subject: ua-strike
URGENT ACTIONGUATEMALAURGENT ACTION GUATEMALA
On the usefulness of GE models, Jim Devine comments:
Farbeit for me to defend Sraffian models of the edon (yuk) economy,
since they are very utopian. But at least they don't assume full
employment (and a total absense of quantity constraints) they the
way Walrasian models do.
But give
On Mon, 28 Feb 1994, D Shniad wrote:
TITLE: Zapatistas: Spreading Hope for Grassroots Change, Starting in
Chiapas, Mexico. Open Magazine Pamphlet Series, pp.22, ISBN:
1-884519-06-7, $4.00 ppd.
AUTHOR: Text by Marc Cooper, Hannah Holm, Barbara Pillsbury
The Zapatistas
Allright, I'm
In Message Fri, 25 Feb 94 00:28:41 CST,
[EMAIL PROTECTED] writes:
Question: can PEN-Lers tell us if Pitelis has it straight on Marxist
explanations of the origins of the capitalist state? We are poised to resume
our discussions on Tuesday with the valuable input of PEN-Lers!
Oops,
On Sat, 26 Feb 1994 11:17:06 +1000 Steve Keen said:
(concerning the quote from Marx about M-M')
Re whether the analysis fits within the structure of volume
I of capital. I would argue that it can, as I detailed beforehand,
but that there's no way Marx (or I) argued that it is a source of
Ah, but there is only one Michael Jordan, and presumably his contract with
Nike is exclusive. Economics has always underestimated the importance of
advertising and marketing in defining preferences and stimulating demand.
One of the great 'triumphs' of American business over the last
In Message Mon, 28 Feb 94 12:43:13 PST,
Jim Devine [EMAIL PROTECTED] writes:
GS(GIL): This leads me to a question: Jim, how do you define [capitalist]
exploitation -- not its necessary conditions, its definition -- and
how do you think Marx defines it?
JD: capitalist exploitation is one kind
This is in response to Jim's questions concerning my earlier
posting. He asks two questions concerning interest payments and SV.
Specifically, he questions why consumer interest payments and Ponzi
deal interest payments are not components of SV.
Let me specify what I mean by consumers here. I am
To remind the reader, Gil Skillman earlier characterized the "Sraffian system
of commodity prices of production" as "just a GE system with a lot of stuff
left out..." In my earlier posting, I showed surprise at Gil's characterization
and reminded him that the three basic aspects of the GE model,
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