On Fri, 4 Dec 1998, valis crossposted from Michel Chossudovsky:
> The formation of new "global alliances" between European and American
> capital has rapidly changed the balance of power in the World market. With
> the merger boom, British and German banking interests have (inter alia)
> joined h
Sent this into nowhere last week - might still be of a little interest, and
I would like to know about the Hitchens book.
Tom writes, in his inimitable style:
>They call some markets "bull" and others "bear". Is there such a thing as a
>turkey market? Greenspan must be steamed.
There's a littl
G'day Penners,
Just popped in to pick up some books and saw Mike and Jim's notes. I just
gotta say that, while this list ain't always what I might have expected
when first I put my oar in, it is always a terrific list - fully warranted
by what it is, never mind what it each of us might wish for
The discussion of Pen-L's role as an economics oracle for activists has
shamed me into responding to the following query, something I'd thought
about doing when it was posted a few weeks ago.
Ken Hanly wrote:
> Do similar situations exist in the United States. Do unions have control
> over pens
Penners:
1. OK, so there's no good labor econ textbook out there. So what do I do?
Is there a good review essay or two on why labor econonics today is in such
a pitiful state, with refereces to the real world?
2. I'd like to follow up on Jim D's thread, and suggest ways to make the
list more use
> Zealand economist Tim Hazeldine's new book, Taking New Zealand Seriously:
> The Economics of Decency (Harper / Collins). He really has a knack for
Couldn't find this at Amazon, Barnes & Noble, or Harper/Collins.
Max
Ellen Dannin wrote:
>though I have a wee obsession with things Kiwi
Speaking of NZ, today's Financial Times has an article on the country. I'm
quoting only the lead (or lede, as we say in j'ism), so as not to get Don
Roper's copyright reflex all a-flutter. You can get the whole thing from
the FT
> >What about telling the story that American economics is properly
> a high wage economics and that adherence to a low-wage economics is
> UNAMERICAN? That is to say, for example, that not only is NAIRU
questionable as a theory and misleading as a guide for policy, it is first
and foremost FOREIG
Tangling threads, Eugene writes:
First, quoting me:>>... The specific question I was addressing was: if minimum
>>wages rise (or living-wage legislation is introduced) does it hurt
>>employment? ...
then: >... Tom Walker two posts seem to address Jim's quandry, before he
>raised it. ([PEN-L:1204
Michael Perelman:
>I wish that we could work as a service where unions or activist organizations
>could throw questions at us.
Just for the record, I strongly feel that each time I've thrown a question
pen-l's way the reponse has been great. I've gotten articles on hidden
unemployment, clearer
>> Zealand economist Tim Hazeldine's new book, Taking New Zealand Seriously:
>> The Economics of Decency (Harper / Collins). He really has a knack for
>
>Couldn't find this at Amazon, Barnes & Noble, or Harper/Collins.
Harper / Collins New Zealand - isbn 1 86950 283 3
P.O. Box 1, Auckland, NZ.
Jim writes--
> I am sure Gil is busy with grading exams and the like,
>so I can understand why he didn't respond. But messages don't have to be
>long.
Yeah, I'm up to my keister in koalas here (so to speak) and missed Jim's
response to my response to Bob Pollin the first time through. But Jim
>> >What about telling the story that American economics is properly
>> a high wage economics and that adherence to a low-wage economics is
>> UNAMERICAN? That is to say, for example, that not only is NAIRU
>questionable as a theory and misleading as a guide for policy, it is first
>and foremost F
Gil, I await with baited breath. I hope it is
out before I retire ;-)
On the issue of efficiency wage, I think in its
institutional form (gift-exchange model) it has
been around for a long time in fact, if not in
theory, in the workers demand from the 19th C
for "a fair days work for a fair days
Bradford Snell's point in his submission to congress was that the US
government paid reparations to GM after the war. (I recall the figure
$24M.) He also detailed the managerial links between the home office
and the militarized branch plants in Nazi-held territory. His new book
is scheduled to
I haven't thought much about Cobb-Douglas production functions (or their
more general siblings) at the aggregate level, but my critique of convex
production sets at the firm level is probably relevant. See the article
"Innovation, Entrepreneurship, and Industrial Districts" in EUROPE'S
ECONOMIC C
Hey, Jim, I commented too. (Do I get a gold star?)
Peter Dorman
Threads can tangle. Am I tangling things here?
Jim Devine wrote ( in PEN-L:1212 Re: Re: pen-l questions n-1 )
>valis, this is BS. The specific question I was addressing was: if minimum
>wages rise (or living-wage legislation is introduced) does it hurt
>employment? this seems to be quite releva
Here's my best guess. Mainstream economic theory does not give its
adherents any way to think systematically and proactively about
financial/macroeconomic crisis. Thus their responses are ad hoc. When
unexpected shocks arise they panic; when the sailing turns smooth again,
even if temporarily,
-Original Message-
From: Discussions on the Socialist Register and its articles
[mailto:[EMAIL PROTECTED]] On Behalf Of Sid Shniad
Sent: Thursday, December 03, 1998 2:49 PM
To: [EMAIL PROTECTED]
Subject: THE G7 "SOLUTION" TO THE GLOBAL FINANCIAL CRISIS: A MARSHALL
PLAN FOR CREDITORS AND
> >C, of course. My favorite uncle always voted for the guy with the
> >longest name, so I'm adopting that formula here. Does it work?
> >Oh Reverend Tom, you make church into so much fun! -- And knowledge!!
> >Why, I always thought NAIRU was a pile of sovereign bat guano
> >in the South Pacific
Quoth Reverend Tom:
> >Below is the epigraph in the mission statement of a small Leninist org
> >rooted in France and Belgium:
> >
> > Europe will unify or succumb. The year 2000 will see Europe unified or
> > dominated. The same goes for Latin America. (
At 07:29 AM 12/4/98 -0800, Tom Walker wrote:
>What about telling the story that American economics is properly a high wage
>economics and that adherence to a low-wage economics is UNAMERICAN? That is
>to say, for example, that not only is NAIRU questionable as a theory and
>misleading as a guide f
Jim Devine wrote,
>it's only fad among neoclassicals. As usual, the NCs claim Smith as their
>founder at the same time they don't read his books.
Not reading the books is endemic to a textbook mentality and not peculiar to
neoclassical economics. Vulgar Marxism is as unedifying as Samuelson. Th
On Thu, 03 Dec 1998 12:26:42 -0500, Michel Chossudovsky
<[EMAIL PROTECTED]> wrote:
THE G7 "SOLUTION" TO THE GLOBAL FINANCIAL CRISIS:
A MARSHALL PLAN FOR CREDITORS AND SPECULATORS
by
Michel Chossudovsky
Professor of Economics, University of Ottawa, author of "The Globalisation
of Poverty, Im
Response: So would courage on this man's part been to have joined the
"America First" Movement? Of course World War II was an
inter-imperialist war in many respects; but the everyday airmen,
sailors, soldiers were used as cannon fodder and little to do with
that. And once the war began, the de
At 08:38 AM 12/4/98 -0800, you wrote:
>James Devine wrote:
>
>> Lester, whose work I haven't read but have seen cited, anticipated the
>> fad of the efficiency wage hypothesis that seems to have come and gone
>> without much or any impact on the textbooks.
>
>I question whether the efficiency wage
James Devine wrote:
> Lester, whose work I haven't read but have seen cited, anticipated the
> fad of the efficiency wage hypothesis that seems to have come and gone
> without much or any impact on the textbooks.
I question whether the efficiency wage is a fad. The idea has origins that
predate
Valis wrote,
>C, of course. My favorite uncle always voted for the guy with the
>longest name, so I'm adopting that formula here. Does it work?
>Oh Reverend Tom, you make church into so much fun! -- And knowledge!!
>Why, I always thought NAIRU was a pile of sovereign bat guano
>in the South Pac
This message is in MIME format. Since your mail reader does not understand
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-- =_NextPart_000_01BE1F8A.567417F0
BLS DAILY REPORT, THURSDAY, DECEMBER 3, 1998
RELEASED TODAY: The seasonally adjusted annual rates of productivity
grow
Paul writes:
> Jim asks why we don't debate/explore theoretical questions more.
> To me the answer is easy. For the political, ephemeral questions
> that dominate the list (and which I enjoy as much as anyone else),
> it is easy to drop a line or two in response. For the kind of
> issues Jim w
Brad DeLong wrote,
>"Skirt on"? Cover itself in like a dog rolling in a raccoon roadkill
>carcass, rather...
No. I agree that is the danger and we could both cite many instances. But it
is not an inevitability. The distinction between danger and inevitability is
as crucial as the difference bet
On Thu, December 3, 1998 at 23:08:01 (-0800) [EMAIL PROTECTED] writes:
>Bill Lear wrote:
>>
>> Dropping bombs on civilians from 25,000 feet is courage?
>
>Actually, the airman had one of the highest mortality rates in the war.
>So, if you grant the reasonableness of the war ...
, then, dropp
Valis wrote,
>Below is the epigraph in the mission statement of a small Leninist org
>rooted in France and Belgium:
>
> Europe will unify or succumb. The year 2000 will see Europe unified or
> dominated. The same goes for Latin America. (Juan PERON)
Th
>What about telling the story that American economics is properly a high wage
>economics and that adherence to a low-wage economics is UNAMERICAN? That is
>to say, for example, that not only is NAIRU questionable as a theory and
>misleading as a guide for policy, it is first and foremost FOREIGN.
What about telling the story that American economics is properly a high wage
economics and that adherence to a low-wage economics is UNAMERICAN? That is
to say, for example, that not only is NAIRU questionable as a theory and
misleading as a guide for policy, it is first and foremost FOREIGN.
The
Below is the epigraph in the mission statement of a small Leninist org
rooted in France and Belgium; beneath it was my query, which, perhaps
symptomatically, has gone unanswered. I wonder if Peron ever considered
the possibility that 2000 would find Europe both unified _and_ dominated?
As for Lat
Michael P answering Bill Lear:
> > Dropping bombs on civilians from 25,000 feet is courage?
>
> Actually, the airman had one of the highest mortality rates in the war.
> So, if you grant the reasonableness of the war ...
I recall reading that combat deaths in the air on all sides exceeded
a quar
ahh, i feel sooo patriotic.
angela
http://www.theage.com.au/daily/981201/breaking/
The Age Breaking News with AAP
Australia 'ideal' for waste dump
Australian anti-nuclear activists today expressed concern over a US
promotional
video advertising Australia as an ideal location for an internati
Jim asks why we don't debate/explore theoretical questions more.
To me the answer is easy. For the political, ephemeral questions
that dominate the list (and which I enjoy as much as anyone else),
it is easy to drop a line or two in response. For the kind of
issues Jim wants us to debate, it is
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