[PEN-L:437] Mainstream economics and the current crisis

1998-10-07 Thread Louis Proyect
(Harry Shutt, "The Trouble With Capitalism," Zed Books, 1998, pp. 206-212) An important role in fostering this new consensus has clearly been played by the powerful mass media, which are inevitably in thrall to the same dominant interest groups. This is not to suggest that there is no argument in

[PEN-L:435] Re: Re: Re: Re: Cyber-Sawicky

1998-10-07 Thread Doug Henwood
Eugene P. Coyle wrote: > When an individual goes into a 401 k or similar contrivance, reported >income for tax purposes goes down. Is the amount deducted "saving"? And >is that (or any other $$ figure for saving) in a ratio with income for tax >purposes, or the total income before the 401 k ded

[PEN-L:434] Re: Kagarlitsky responds....

1998-10-07 Thread valis
(From Robert Naiman:) > Boris Kagarlitsky's response to Fred Hiatt's "Who Lost Russia?" in the Post, > which the Post declined to run. > - > America, Please Leave Us Alone To Solve Our Problems > > by Boris Kagarlitsky, Senior Research Fellow at the Institute for > Comparative Poli

[PEN-L:433] FW: Assessment

1998-10-07 Thread Bove, Roger E.
-- From: Bove, Roger E. To: ECON_CHAIR-owner Subject: Assessment Date: Wednesday, October 07, 1998 4:48PM We are currently under mandate to develop assessment mechanisms for our majors. We are working with three major goals ; to develop economic reasoning and problem-solving, to

[PEN-L:436] Re: Kagarlitsky responds to Hiatt

1998-10-07 Thread Dennis R Redmond
On Wed, 7 Oct 1998, Robert Naiman crossposted: > America, Please Leave Us Alone To Solve Our Problems > > by Boris Kagarlitsky, Senior Research Fellow at the Institute for > Comparative Political Studies of the Russian Academy of Sciences > > Does he really think that Russia was a Third World

[PEN-L:431] Kagarlitsky responds to Hiatt

1998-10-07 Thread Robert Naiman
Boris Kagarlitsky's response to Fred Hiatt's "Who Lost Russia?" in the Post, which the Post declined to run. - America, Please Leave Us Alone To Solve Our Problems by Boris Kagarlitsky, Senior Research Fellow at the Institute for Comparative Political Studies of the Russian Academy

[PEN-L:430] Re: Understanding capitalism dialectically

1998-10-07 Thread Rosser Jr, John Barkley
Louis, When are you referring to when you say that West Germany "started out" as more industrialized than East Germany? They were about even in 1939, with, if anything, the East slightly ahead of the West. The point in time at which there was a big difference was about 1953 after Marsh

[PEN-L:432] California Economists opposed to Fong Flat Tax?

1998-10-07 Thread Laurence Shute
This message is for economists living and working in California -- I apologize for the inconvenience to others. If you are interested in signing an open letter opposing Matt Fong's "revenue-neutral flat tax" contact the Barbara Boxer campaign at: Los Angeles: 310-575-9880 -- Ask for Lyle Canc

[PEN-L:427] BLS Daily Report

1998-10-07 Thread Richardson_D
This message is in MIME format. Since your mail reader does not understand this format, some or all of this message may not be legible. -- =_NextPart_000_01BDF21A.B7E81800 BLS DAILY REPORT, TUESDAY, OCTOBER 6, 1998 The National Association of Business Economists forecasting panel reiterates

[PEN-L:426] RE: Re: Cyber-Sawicky

1998-10-07 Thread Max Sawicky
>Max Sawicky wrote, > >>Without getting immersed >>up in the Flow of Funds stuff, the inescapable >>fact is that, as Doug says, NIPA savings trends >>do not support the BBB(Baby Boom Bulge) theory. > >Whenever I hear tell of an "inescapable fact", I suspect a retreat from reasoned argument into do

[PEN-L:425] Russia: Nation-Wide General Strike

1998-10-07 Thread Gregory Schwartz
THOUSANDS TURN OUT FOR NATIONWIDE PROTEST. According to Interfax, initial reports from the Interior Ministry suggest that more than 60,000 people turned out for public protests in the Far East on 7 October--a much smaller turnout than organizers had expected. In Vladivostok only 3,000, rather than

[PEN-L:429] Re: Cyber-Sawicky

1998-10-07 Thread Tom Walker
Max wrote, >Or perhaps it just knocks the >stuffing out of your premise. Let's be civil. >but I don't see a metaphor problem. >Bubbles filled with animal spirits >and prone to random gyrations float >on the sea of the real economy. A >metaphor problem is that when they >burst, the effects on th

[PEN-L:420] RE: Re: Cyber-Sawicky

1998-10-07 Thread Max Sawicky
>>We're playing word games here. If there were a real bulge in savings as boomers prepared for retirement, it should show up in the aggregates.> >Instead of playing word games, then, let's try singing from the same hymnbook: Flow of Funds Accounts of the United States Annual Flows and Outstanding

[PEN-L:419] Understanding capitalism dialectically

1998-10-07 Thread Louis Proyect
A while back, on both PEN-L and Doug Henwoods's LBO-Talk list, I tried to explain how impossible it is to evaluate the performance of capitalism in a single country in comparison to a socialist country. The 2 Koreas and the 2 Germanys in the 1960s and 70s often were compared one against the other,

[PEN-L:428] Re: RE: Re: Cyber-Sawicky

1998-10-07 Thread Tom Walker
Max Sawicky wrote, >The State can declare by fiat property titles or >financial instruments null and void by forcing >write-downs and bankruptcies. For all Max's skepticism about the dictatorship of the proletariat, he would have us believe that if we simply call it something else, the bourgeois

[PEN-L:424] Re: Cyber-Sawicky

1998-10-07 Thread Tom Walker
Max Sawicky wrote, >Without getting immersed >up in the Flow of Funds stuff, the inescapable >fact is that, as Doug says, NIPA savings trends >do not support the BBB(Baby Boom Bulge) theory. Whenever I hear tell of an "inescapable fact", I suspect a retreat from reasoned argument into dogma. On

[PEN-L:423] Re:Fund flows

1998-10-07 Thread Tom Walker
boddhisatva wrote, > Why is it that practically every month for the past couple years CNBC >et al have been reporting net inflows into the stock market, both into >equities and into mutual funds? How have I been missing all this net >outflow? There's another dimension to this, which Doug

[PEN-L:422] Re: news from SLATE Magazine

1998-10-07 Thread Michael Perelman
Valis posted something about this to pen-l. I wrote to the Senior Senator from Utah to request a copy of the pamphlet. He responded that he shared my concern about our President's sexual misdeeds, and that he would do all that he could to pursue justice. I probably missed something in the logic

[PEN-L:421] news from SLATE Magazine

1998-10-07 Thread James Devine
>The WP's [Washington POST's] Al Kamen points to an odd passage in an anti-drug pamphlet with a forward by Sen. Orrin Hatch. The book claims to help parents look for the warning signs that their children are using marijuana or other drugs. These signs include, says the pamphlet, such obvious ones

[PEN-L:418] Fund flows

1998-10-07 Thread boddhisatva
To whom..., Why is it that practically every month for the past couple years CNBC et al have been reporting net inflows into the stock market, both into equities and into mutual funds? How have I been missing all this net outflow? peace