I'm not sure I understand Jim's references to Marx's
"silliness" in assuming that prices are proportional
to (labor) values, or to the "so-called labor theory
of value". Shaikh has showed, by reference to both
US and Italian input-output tables, that values and
prices are indeed very close to pr
I'm not sure I understand Jim's references to Marx's
"silliness" in assuming that prices are proportional
to (labor) values, or to the "so-called labor theory
of value". Shaikh has showed, by reference to both
US and Italian input-output tables, that values and
prices are indeed very close to pr
Alan Isaac says:
>I hesitate to enter this debate among marxologists, but doesn't
>suggesting that such conditions are _necessary_ for the receipt
>of interest run aground against Roemer's example of interest
>emerging solely from differing rates of time preference?
>
(1) I don't do Marxology.
Alan Isaac says:
>I hesitate to enter this debate among marxologists, but doesn't
>suggesting that such conditions are _necessary_ for the receipt
>of interest run aground against Roemer's example of interest
>emerging solely from differing rates of time preference?
>
(1) I don't do Marxology.
My comment on silliness was not denying the high correlation between
prices of production and values that many have fon found. I was
referring (opaquely, I admit) to Marx's poor method of presentation.
Not only did he hope that CAPITAL could be read by ordinary workers,
but his method has spawned
My comment on silliness was not denying the high correlation between
prices of production and values that many have fon found. I was
referring (opaquely, I admit) to Marx's poor method of presentation.
Not only did he hope that CAPITAL could be read by ordinary workers,
but his method has spawned
Below is an exchange that has taken place on <[EMAIL PROTECTED]>.
It may be of interest to pen-l, also. It relates to earlier exchanges
on pen-l.
(But first a correction to an earlier message. Membership negotiations
between EU and Norway will resume on 15. March, not 8. March.)
Trond Andresen
Below is an exchange that has taken place on <[EMAIL PROTECTED]>.
It may be of interest to pen-l, also. It relates to earlier exchanges
on pen-l.
(But first a correction to an earlier message. Membership negotiations
between EU and Norway will resume on 15. March, not 8. March.)
Trond Andresen
dir
dir
A few days back I reported on the strike at Universidad Autonoma
Metropolitana in Mexico City, and called for solidarity. I want to thank
the dozens of respondents which added their names to the pledge for
solidarity, and those who have pursued support from other lists,
organizations, associ
A few days back I reported on the strike at Universidad Autonoma
Metropolitana in Mexico City, and called for solidarity. I want to thank
the dozens of respondents which added their names to the pledge for
solidarity, and those who have pursued support from other lists,
organizations, associ
In response to this passage by Jim,
> > (1) does money-lending lead to the creation of surplus-value or is that
> > simply an illusion arising from the fetishism of commodities?
> > Here, I believe, Steve Keen and I agree: it is the latter. Gil Skillman
> > disagrees with us.
, Doug H. write
>Jim writes:
>> Victor, thanks for the analysis of the context of the sentence quoted
>>by Marx. But there are two debates going on here:
>>
>> (1) does money-lending lead to the creation of surplus-value or is that
>> simply an illusion arising from the fetishism of commodities?
>> Here, I belie
I hesitate to enter this debate among marxologists, but doesn't
suggesting that such conditions are _necessary_ for the receipt
of interest run aground against Roemer's example of interest
emerging solely from differing rates of time preference?
--Alan G. Isaac
Origin
>Jim writes:
>> Victor, thanks for the analysis of the context of the sentence quoted
>>by Marx. But there are two debates going on here:
>>
>> (1) does money-lending lead to the creation of surplus-value or is that
>> simply an illusion arising from the fetishism of commodities?
>> Here, I belie
I hesitate to enter this debate among marxologists, but doesn't
suggesting that such conditions are _necessary_ for the receipt
of interest run aground against Roemer's example of interest
emerging solely from differing rates of time preference?
--Alan G. Isaac
Origin
Jim writes:
> Victor, thanks for the analysis of the context of the sentence
quoted > by Marx. But there are two debates going on here:
>
> (1) does money-lending lead to the creation of surplus-value or is that
> simply an illusion arising from the fetishism of commodities?
> Here, I belie
Gil Skillman writes
> No disagreement that capitalism is wasteful, but I didn't think that
> overhead costs had *any* particular implications "for the MC=MR type
> of thinking." For instance, even with overhead costs, profit-
> maximizing price discrimination typically implies MR = MC conditio
Gil Skillman writes
> No disagreement that capitalism is wasteful, but I didn't think that
> overhead costs had *any* particular implications "for the MC=MR type
> of thinking." For instance, even with overhead costs, profit-
> maximizing price discrimination typically implies MR = MC conditio
Larry Shute writes:
> The classic work on sunk costs is John Maurice Clark's The Economics of
> Overhead Costs published in 1923. I wish more people would read the
> book, ignoring the mild tone. In my HO it's one of the seminal books
> of this century. Clark clearly points out the "discovery
I have been working and writing on the notion of sunk costs for a few years
because I think that it is extremely important.
Take the case of a drug or software company. Its reproduction costs are nil.
For competition to bring prices down to marginal costs spells bankruptcy.
How much do you think
I have been working and writing on the notion of sunk costs for a few years
because I think that it is extremely important.
Take the case of a drug or software company. Its reproduction costs are nil.
For competition to bring prices down to marginal costs spells bankruptcy.
How much do you think
Retired though I am, I'm teaching a graduate class for
Sociology at UCSC, called Political Economy for Sociologists,
next Fall. Instead of the usual approach (Marx to Mattick and
Mandel; Sismondi to Sweezy; etc.), I want to use exclusively
books written in the past 10 years or so, that address "
Retired though I am, I'm teaching a graduate class for
Sociology at UCSC, called Political Economy for Sociologists,
next Fall. Instead of the usual approach (Marx to Mattick and
Mandel; Sismondi to Sweezy; etc.), I want to use exclusively
books written in the past 10 years or so, that address "
Economic Analysis:
"Three Strikes and You're Out" May Cause an Economic Boom
by
Devon James
Many pundits and politicians have warned that California's
recently-passed "three strikes and you're out" reform bill (along
with the similar ballot initiative on the November ballot) will
lea
Economic Analysis:
"Three Strikes and You're Out" May Cause an Economic Boom
by
Devon James
Many pundits and politicians have warned that California's
recently-passed "three strikes and you're out" reform bill (along
with the similar ballot initiative on the November ballot) will
lea
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