In response to Doug Henwood's question: I don't believe there is any point
to coupons if you can't trade them. If you couldn't trade them there would
be no need to hand them out. The government chould simply send each citizen
an equal size annual dividend check -- which was Lange and Lerner's orig
Sorry Gil. My earlier posting to you, asking you questions never got
posted, surely because of my technical blundering. So apologies for
chastizing you for not responding when you had never received anything.
But I am happy you did respond to my two queries. In response to your
responses: I don't
Forwarded message:
Date: Wed, 28 Sep 1994 15:40:36 EDT
Reply-To: Forum on Labor in the Global Economy
<[EMAIL PROTECTED]>
Sender: Forum on Labor in the Global Economy
<[EMAIL PROTECTED]>
From: Al French <[EMAIL PROTECTED]>
Subject: New farm labor list established
Hi All-
The f
With more sorrow than anger, I write again to set the record straight.
Too often people have misinterpeted my position or associated me with
the former P.M. of Saskatchewan or with my father, Pat Devine, whose plan
for market socialism deserves more attention from pen-l. But
Robin Hahnel's recent
Does anyone have some info they might relay to me about academic
unions -- effectiveness, etc. -- at private two-year schools? My
school is going through some "growing pains" as it adds four-year
programs, and we as faculty are hoping to negotiate issues like
salary (mine, for example, is $30,090
I just discovered that there are about 20 (or more) pen-l messages
sitting in the pen-l archives (which I accessed using gopher) that
I haven't received as yet via e-mail. People have responded already
to messages I haven't seen. What a strange e-mail
system I must have. (though I can't complain a
Too busy to respond personally to the recent discussion of coupon
socialism versus a more full-blooded version; but the thoughts of
Paul Cockshott and myself on these matters can be found in a new
article, "Value, Markets and Socialism." It's available in postscript
from the archive at colorado (
What is the point of the coupons if you can't trade them? Are they just a
bookkeeping device for distributing profits? Or is there some sentimental
attachment to stock certificates? I thought everything was book entry
these days. Book entry socialism?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Lef
He must not because FDI flows as measured are between countries. In fact
transnational corporations in the Third World often raised capital
locally, thereby crowding out local business.
Anthony D'Costa
U of Washington
On Wed, 28 Sep 1994, Michael Perelman wrote:
> When Krugman speaks of capi
Huh?
That's my chief reaction to Robin's latest post on the "p/a &
social conscience" question. Here's why: Robin writes
> After considering apologizing for being a little "testy" in some of
> my postings on coupon socialism and people's comments about coupon
> socialism, I've decided not to. I
We went through our trade theory discussions several months ago, and I don't
want to get embroiled in them again. Suffice it to say that Krugman is
blowing smoke, because (A) many southern countries *are* exporting
capital--lots of it--in the form of payments on their debt, and (B) even if
long-t
are text-based sources always more accurate?
maybe the difference is that for text, there's more left to the
imagination.
Treacy: The best movie I have seen recently is the Tiwainese Chinese movie
"Eat, Drink, Man, Women." Check it out!!!
[EMAIL PROTECTED]
in pen-l solidarity,
It is true that north-south trade and investment flows are a small part of
total activity, but that should not impress anyone who made it through econ
101. Prices are set at the margin, and if, say, 5% of a particular market is
captured by producers exploiting much, much cheaper labor at comparabl
When Krugman speaks of capital flows, I suspect that he does not include
investment financed by money raised in the country where the investment is
placed. Am I correct?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 916-898-5321
916-898-6141 mess
In Roemer's model the coupons all get evenly distributed by taking
all their stocks away from today's capitalists and handing out new
coupons to every citizen so they all have identical portfolios --
although if you think about that it makes for very strange porfolios.
But then, if there is any po
I fail to understand why presenting a specific argument as to why
Roemer's model of a coupon economy -- his label, not mine -- is neither
egalitarian, equitable, nor democratic is an "ad hominem" attack on
Roemer himself. I also think that it is a matter of public record that
Roemer does not place
I assume that mainstreamers who blame technology never acknowledge that
R&D is financed by capital and capital's state, and that it's part of the
strategy to cheapen labor? It's just the innocent at the party?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
21
This may be bad. But is it nonsense?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
On Wed, 28 Sep 1994 [EMAIL PROTECTED] wrote:
> Herewith El Kruger:
>Reports by international organizations are usually greeted with well
> deserved yaw
After considering apologizing for being a little "testy" in some of
my postings on coupon socialism and people's comments about coupon
socialism, I've decided not to. Instead I'll offer an opinion about why
diminishing returns set into discussions: People do not respond to other
peoples' direct qu
Krugman's argument against the extrapolation of current trends in terms
of low-wage manuf exports and high-wage capital exports is that high wage
countries can't continue to import unless low wage countries export capital
to them. At the level of individual countries, this seems wrong. The US
mi
As part of my project for the Dept of Labor on labor standards and trade, I
reviewed the literature on the growth of wage inequality in the US (and some
of the other OECD countries) and its possible relationship to north-south
trade. Overall, I must say I found most of the work uncompelling--based
$60 Billion does indeed seem a small fraction of $4 trillion. But what is
the trend? how fast is that redirection of investment growing? Also, how
much of both totals 60B/4T is going into state-of-the-art factories that
produce manufacturing goods for export, as opposed to any of the hundreds
the level of world investment for 1993 should read $4 trillion, not $1
trillion -- sorry!
This vision resonates with many people. Yet as a description of what
has actually happened in recent years, it is almost completely untrue.
Rapidly growing third world economies have indeed increased their
exports of manufactured goods. But today these exports absorb only about
1 percent
Herewith El Kruger:
Reports by international organizations are usually greeted with well
deserved yawns. Occasionally, however, such a report is a leading
indicator of a sea change in opinion.
A few weeks ago, the World Economic Forum -- which every year draws an
unmatched assemblage of th
Dear Anne Mayhew,
Would you be inter3ested in submitting to you a book review on Ulrich
Witt's (ed.) "Explaining Process and Change: Approaches to Evolutionary
Economics." It is published by U. of Michigan Press, 1992. The book
review is ready.
Elias L. Khalil
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