Dear listmembers
It seems to me that the Federal Reserve is once again
operating under assumptions that may have been valid in years
past, in this case decades past, that are no longer valid. If
you will remember the Federal Reserve did this in the early
1980s when they should have
Last evening on the Rose Show of PBS there was Dough Henwood, handsome,
urbane, articulate discussing the Mexican Debt Crisis and the U.S. bailout.
[EMAIL PROTECTED] COPYRIGHTED
At 6:55 AM 1/31/95, [EMAIL PROTECTED] wrote:
It seems to me that the Federal Reserve is once again
operating under assumptions that may have been valid in years
past, in this case decades past, that are no longer valid. If
you will remember the Federal Reserve did this in the early
WORKERS NOT YET LAID OFF SHOULD IMPROVE THEIR MORALE
The Total Quality Management (TQM) movement is under some strain these
days, as it competes with downsizing and reengineering. TQM helps cut
eas TQM focuses on
continuous and painstaking improvement of a process, reengineering calls
for a
I agree strongly with Loren's suggestion that changes in the
structure of global markets (augmented, e.g., by anti-labor, pro-
business policies of the past 3 administrations) have transformed the
inflation-unemployment tradeoff in the US economy, and in a way the
Fed hasn't yet figured out.
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From: "Michael Erisman" [EMAIL PROTECTED]
Subject: NEWS RELEASE--CUBA TRAVEL CHALLENGE
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There is a well known passage in which Thorstein Veblen ridicules the
neoclassical conception of the economic agent. So far as I remember
he uses phrases like "a quivering globule of desire" and "lightning
calculator of pleasures and pains". Can anyone help me out with the
precise citation for
Dear Doug
'
Unfortunately this is simply a hypothesis at this point
and therefore is not yet supported by clear statistical evidence.
Nonetheless, your point that service sector inflation has
grown much more stongly than other sectors offers some tangental
evidence that my hypothesis is
At 8:18 AM 1/31/95, jtreacy wrote:
Last evening on the Rose Show of PBS there was Dough Henwood, handsome,
urbane, articulate discussing the Mexican Debt Crisis and the U.S. bailout.
[EMAIL PROTECTED] COPYRIGHTED
Awww gee you noticed. Thanks. Handsome even? Wow.
Actually I had a devil of a
Doug questions whether a 4 per cent US unemployment rate would not do anything
other than strengthen labour's hand agin capital.
in usual times it would be horrific to capital to have a low ur. but these days
with the cappos fractionalising more and more work into smaller unskilled type
after that obvious flippant remark, I say we need a better term
for _good_ social programs. What about "the social wage"?
Jim Devine
How about extra-lean pork?
Anders Schneiderman
Center for Community Economic Research
Allin writes:
There is a well known passage in which Thorstein Veblen ridicules the
neoclassical conception of the economic agent. So far as I remember
he uses phrases like "a quivering globule of desire" and "lightning
calculator of pleasures and pains". Can anyone help me out with the
"The hedonistic conception of man is that of a lightening calculator of
pleasures and pains, who oscillates like a homogeneous globule of desire
of happiness under the impulse of stimuli that shift him about the area,
but leave him intact. He is neither antecedent nor consequent. He is
an
Awhile back on pen-l, Justin Schwartz (JS) and I (JD) had a friendly
little dialogue about G.A. Cohen's technologically-determinist (TD)
theory of historical materialism. Justin's last comment was long,
while my reply was even longer, so I've held it back from pen-l.
However, people may be
Doug, I have trouble reading your position on what economists should be
favoring with respect to unemployment rates. Let me state what I infer
your position to be to give you a chance to clarify.
As I read your posts I have formed the following impression of
your view: Yes, it might
Buried in a dramatic front-page _NYT_ article today (Tuesday) on
the continuation page (c6) is the following:
...
Despite speculation against the peso, which pushed it to a
low against the dollar today, the Mexican Government did not use
any of the $18 billion in swap lines
I sent a message yesterday that is subject to misinterpretation,
so I'll resend it with a clarification.
In-Reply-To: Message of Mon, 30 Jan 1995 08:22:20 -0800 from
[EMAIL PROTECTED] (Julie Coronado)
said I:
the conservatives won't "destroy all social programs"! They will
definitely
Is there ant truth to the rumor I heard on BBC tonight that Mexico [read: the
political-economic ruling class] was three days away from defaulting on "its"
loans?
Andrew Sessions
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