Pen-lers,
I am scheduled to debate with Roger Douglas of (in)famous
New Zealand neo-conservatism next Tuesday (April 5) here at
the University of Manitoba. He is making the rounds here in
Canada, I believe under the auspices of an ultra-right think
tank, spouting monetarism, privatization,
Ajit writes I think, F M's baby is still born. The problem may
be that they are intelligent mathematicians who do not understand the nature of
economic theory. Economic theoreticians are not interested in prices as any
merchant or trader would be. For economic theory, price is just a character
I am in broad agreement with Jim on the characterisation of
LTVs. I also think that there is no conflict between what he
calls the sociological theory of value and the stochastic one.
Because the LTV is statistically a good approximation of reality,
it means that the relationship between the
I am quite embarrassed to find myself agreeing with Stalin, of all
people! Of course, he was paraphrasing the Marx's afterword to
the second German edition of CAPITAL, in which he talks about how
different modes of production have different "natural" laws.
IMHO, dropping the word "natural" is a
Dear Penners,
Oh my. I started this whole brouhaha about AD but have
only now had time to read people's comments. May i ask your
forbearance to slip in one more thought on the AS-AD
controversy?
A few people suggested that properly labeling the
vertical axis as the inflation
A friend working at EDGE: The Alliance of Ethnic and Environmental
Organizations is looking for a "progressive" economist in the
Southern California area, to talk about sustainable development at
a small planning conference on population and immigration,
Saturday, April 30, at University of
This is a somewhat revised letter to Brent McClintock which may also be
of interest to to this list. Brent among other things said to me that
based on his New Zealand experience, national sovereignity for small
countries in today's world is well-nigh impossible due to free
transnational capital
Ajit writes I think, F M's baby is still born. The problem may
be that they are intelligent mathematicians who do not understand the nature of
economic theory. Economic theoreticians are not interested in prices as any
merchant or trader would be. For economic theory, price is just a character
I am in broad agreement with Jim on the characterisation of
LTVs. I also think that there is no conflict between what he
calls the sociological theory of value and the stochastic one.
Because the LTV is statistically a good approximation of reality,
it means that the relationship between the
Dear Penners,
Oh my. I started this whole brouhaha about AD but have
only now had time to read people's comments. May i ask your
forbearance to slip in one more thought on the AS-AD
controversy?
A few people suggested that properly labeling the
vertical axis as the inflation
I am quite embarrassed to find myself agreeing with Stalin, of all
people! Of course, he was paraphrasing the Marx's afterword to
the second German edition of CAPITAL, in which he talks about how
different modes of production have different "natural" laws.
IMHO, dropping the word "natural" is a
A friend working at EDGE: The Alliance of Ethnic and Environmental
Organizations is looking for a "progressive" economist in the
Southern California area, to talk about sustainable development at
a small planning conference on population and immigration,
Saturday, April 30, at University of
Does anyone know about conditions at GM's Saturn plant?
I had a most disturbing conversation today with a business type who went
off like a rocket (no pun intended) when I mentioned Saturn. He believes
they have serious problems with quality/rework and accidents in the plant,
mainly due to
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