I like your hypothesis, Tom, and am only answering because I can't bear the
thought of my favourite reverend feeling his formidable research and
finely-tuned rhetoric are going unheeded by the congregation.
The bit that struck me was Rae's impressive 'productivity paradox' (and
what's this busine
G'day Penners,
Uchitelle's argument seems clear-cut to this econo-ignoramus. If 0.01% of
the population receive 18.1% of the pie (up 3.5% in three years, btw), they
pay 37% of income tax. If the top 0.01% had not got richer over the last
three years (cashed-in stock options being taxable as inc
In a message dated 99-02-28 20:04:47 EST, Jim Devine says:
<< a recession would also end the surplus (raise the deficit) by lowering tax
revenues and raising transfer payments.
>>
Well, yes a recession would lower tax revenues but with the new workfare laws
in all the states would it really
Louis Proyect wrote:
>Nobody in the organized Marxist movement in the US had a clue that these
>fights were going on.
Oh and they were doing swimmingly well here in the U.S. in the mid- and
late-70s too, weren't they? When was it the SWP was sending people into
factories, and denouncing computer
At 09:59 PM 2/27/99 -0800, Michael wrote:
>Some time ago, I asked Max S. to what extent the surplus depended on
>capital gains in the stock market. He dismissed my concern.
I would say that what's more important is the interest rate (and inversely,
the price of bonds). If the interest rate goes
Note: some of the ideas in this post have been absorbed from my various
readings on the subject over time and retrieved from my folder under S.
Not being an academic economists, I apologize for not providing a
detailed bibliography and notes. Schumpeter has been dead for 49 years,
his ideas are r
Tom and Mike- Roseberry was in the anthropology dept at the Graduate Faculty of the New
School, unless that has changed. Mat
Note: some of the ideas in this post have been absorbed from my various
readings on the subject over time and retrieved from my folder under S.
Not being an academic economists, I apologize for not providing a
detailed bibliography and notes. Schumpeter has been dead for 49 years,
his ideas are r
maggie coleman:
>world is not going to be saved by one man, even Louis Proyect. And that is
>the essence of what I read from your comments -- Karl Marx the individual man
>spent HIS life trying to preach to the dense and uneducated and Louis Proyect
>is now spending HIS life preaching to the den
> Max Sawicky wrote:
>
> >Deficit/debt hawks like to discount the probability of
> >surpluses with assorted canards[...]
>
> Such canards as: over the last 130 years, there's only one historical
> instance of U.S. running substantial surpluses (defined as >1% of GDP) for
> three consecutive years,
In a message dated 99-02-25 12:15:08 EST, you write:
<< The following is as unfair as is Wojtek's above, but my friends and I
who took basic training at Lackland Air Force Base and pre-lang
training at Brooks AFB, after going into San Antonio a number of
times, reached the conclusion that the
In a message dated 99-02-25 11:28:35 EST, you write:
<< What's wrong with that? This is what those southern hicks, who now control
the government in Washington, have been always doing. Rather than changing
their ways, we should seal the border along the Susquehanna River (aka the
Mason-Dixon
Max Sawicky wrote:
>Deficit/debt hawks like to discount the probability of
>surpluses with assorted canards[...]
Such canards as: over the last 130 years, there's only one historical
instance of U.S. running substantial surpluses (defined as >1% of GDP) for
three consecutive years, and just two
In a message dated 99-02-24 09:15:52 EST, Louis Proyect writes (this is a
partial quote from a longer missive):
<< We are in many ways in a situation like the one that
preceded WWI, including the Balkans as a hot spot. I view the current world
situation as extremely dangerous. I am positive tha
Something's screwy with my e-mail so if my
responses are slow in coming I plead victimization
by unseen forces.
> >I rely on Max for such information. Could he be wrong? Impossible...
Actually I've been meaning to post an update to
my response, based on the CBO stuff Doug has
described below.
Michael Perelman wrote:
>Some time ago, I asked Max S. to what extent the surplus depended on
>capital gains in the stock market. He dismissed my concern.
>
>I just looked at Uchitelle's article in Sunday's times. He says,
>"Bluntly put, if stock prices fall sharply, the budget surplus
>disappe
NY Times, February 28, 1999
Feminist Propels Outcry at Brutal Mexico Killings
By SAM DILLON
CIUDAD JUAREZ, Mexico -- Within hours after youths passing by a Juarez
drainage canal on a recent day discovered the body of a 13-year-old girl,
the most recent victim in a long series of sexual killings
Brad De Long wrote:
>
> Karl Marx's answer would be that it was because of capitalism--that under
> no previously-existing mode of production had society provided sufficient
> incentives for either capital accumulation or technological advance...
Nope. Marx said that *early* capitalism was eff
Tom Kruse:
>Another must read for ANY student of capitalism, history, anthropology
>(etc.) is Eric Wolf's _Europe and the People Without History.
This reminds me to mention Wolf has a brand-new book out. Titled
"Envisioning Power", it is a comparative study of Kwakiutl, Aztec and Nazi
society f
One more book not to forget:
Doug Dowd *Blues for America* --- very readable.
Bill
>Gene's post about time is important because the Dallas Fed approach
>represents such a common gloss. Manufactured goods generally costs less
>than they did a half century ago. Is that because of capitalism or
>technological advances?
Karl Marx's answer would be that it was because of capitalis
hi tom,
>My view is that one has to go beyond the distinction between formal
and real
>subsumption for the answer. I would argue that Marx already did go
one step
>beyond that distinction in the published text of Capital, describing
a third
>'moment' of subsumption, one that I would call social
Dear PEN-L:
I just sent a note to the whole list that was meant for Mike Yates.
Apologies.
Tom
Tom Kruse
Casilla 5812 / Cochabamba, Bolivia
Tel/Fax: (591-4) 248242, 500849
Email: [EMAIL PROTECTED]
--=_920193057==_
Dear Mike:
You sent a note a bit ago asking for references on labor, anthropology and
the global economy. Here's my short list.
A good, grounded primer on innovation in social analysis from
anthro/cultural studies is Renato Rosaldo's Culture and Truth. For
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