Pen-l:
The invisible hand at work, working to convince the public that circles are
squares?
Seth
Another article on California energy crisis
by Ken Hanly
10 January 2001
Is this a case of talk like u have a big stick but then bail out the
buggers...?
Cheers, Ken Hanly
Associated Press
Max Sawicky wrote:
The $20K proprietor,
nurse, factory operative, and even security
guard have more in common with each other than any
of them do with a $150K artisan, from any practical
political standpoint, including a socialist or
marxist one.
Not sure about that. The $20K proprietor wants
From: "Ken Hanly" [EMAIL PROTECTED]
Is this a case of talk like u have a big stick but then bail out the
buggers...?
Cheers, Ken Hanly
The two are not necessarily incompatible- nationalization (statilization?)
of public power in California is a big step ideologically, and since it is
Jim Devine wrote:
could anyone give me some commonly-used economic clichs?
"The economy overheated, sucking in imports..."
Doug
"The Greenspan put"
"Market correction" (always without explanation as to why "corrections" are
necessary in an "efficient" market)
"Efficient market" (always without explanation as to how "efficient" markets
undergo "corrections" from time to time)
"Free markets and democracy"
money doesn't grow on trees
How about Bush's campaign speeches? It's their money. Unleash the
creativity of the market. Or you could go back further in time; magic of
the marketplace.
Jim Devine wrote:
could anyone give me some commonly-used economic clichés?
"The economy overheated, sucking in imports..."
A private Swiss bank has this logo on its door: "Money
talks but wealth whispers"
--- Keaney Michael [EMAIL PROTECTED] wrote:
"The Greenspan put"
"Market correction" (always without explanation as
to why "corrections" are
necessary in an "efficient" market)
"Efficient market" (always
"The 'r' word."
Tom Walker
Sandwichman and Deconsultant
Bowen Island, BC
For the record, I'm not in favor of any and all profit-driven investment
programs. I do think we need to understand better how the system works,
however. It is not clear to me (or to lots of other folks on and
off this list)
whether the "speculative versus real finance" story is logically
Steve Fazzari did a piece on this for us, using
firm micro data. I would say he is the go-to
guy on this topic.
mbs
at the 2000 ASSA, a fellow from MIT (whose name I've forgotten) presented
evidence on the interest rate effect for business fixed investment,
indicating that one had to torture
Nathan wrote:
Of course, the best approach would be to allow the utilities to go
bellyup, buy their assets at a fire sale and establish public power that
way. But I don't think, especially given a requirement of a two-thirds
vote by the legislature for anything real, that they can pull that
At 08:05 AM 1/10/01 -0800, you wrote:
For the record, I'm not in favor of any and all profit-driven investment
programs. I do think we need to understand better how the system works,
however. It is not clear to me (or to lots of other folks on and off
this list)
whether the "speculative versus
at the 2000 ASSA, a fellow from MIT (whose name I've forgotten) presented
evidence on the interest rate effect for business fixed investment,
indicating that one had to torture the data to find it. Doing so, such
issues as capacity utilization seemed much more important. However, the
interest
Forstater, Mathew wrote:
money doesn't grow on trees
...and trees don't grow to the sky...
Brad DeLong wrote:
For the record, I'm not in favor of any and all profit-driven investment
programs. I do think we need to understand better how the system works,
however. It is not clear to me (or to lots of other folks on and
off this list)
whether the "speculative versus real finance"
The capitalists will sell us the rope with which we hang them.
Well paper money surely IS trees, admittedly somewhat transformed and mixed
in with some insitutional shrubbery and green cheese...:)
Cheers, Ken Hanly
- Original Message -
From: Doug Henwood [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Wednesday, January 10, 2001 11:46 AM
Subject:
could anyone give me some commonly-used economic clichs? Three
obvious ones are:
-- you get what you pay for.
-- there's no such thing as a free lunch.
-- the golden rule: those with the gold make the rules.
"Time is money."
"Money begets money."
"Money is the root of all evil."
"Bad money
Please answer directly to Eban at his email address listed below:
Marty, can you forward to Pen-l for me?
Does anybody have a methodology reference to the effect that results
from mathematical models that have no clear intuition are not very
persuasive?
thanks--
Eban
+ + + + + +
Yoshie Furuhashi wrote:
"Money is the root of all evil."
This should probably not be included, since its provenance long
predates political economy or economics: "Radix malorum cupiditas
est" (I'm not sure I've got the word order straight) should be
translated, "The lust or desire for
[EMAIL PROTECTED] 01/10/01 02:18PM
"Lend your money and lose your friend."
Benjamin Franklin
the evil of pious obeisance to the Protestant Work Ethics:
((
Neither a borrower or lender be.
Charles Brown wrote:
Neither a borrower or lender be.
Shakespeare's Polonius. But again, this lies outside Jim's
request, since it is _not_ a cliche of "economics" (the pseudo-
science of capitalism) but of a pre-capitalist order. The
assumption behind it is that borrowing is solely for the
Brad, I think the context of this discussion should make it clear that the
distinction hovers loosely around Keynes, who flirted with it. The issue is
not the evils of finance, bankers, cosmopolitan Jews (of which I am one),
etc., but analytically whether the channeling of finance to markets in
Peter Dorman wrote:
Brad, I think the context of this discussion should make it clear that the
distinction hovers loosely around Keynes, who flirted with it. The issue is
not the evils of finance, bankers, cosmopolitan Jews (of which I am one),
etc., but analytically whether the channeling of
Aha, now it can be told. Keyne's macro heresies were just a sublimation of his
deep-seated anti-semitism...
Peter
Doug Henwood wrote:
Peter Dorman wrote:
Brad, I think the context of this discussion should make it clear that the
distinction hovers loosely around Keynes, who flirted with
Pocket Bulletin, Official Publication of the National Association of
Manufacturers, October 1926
Very nice. Thanks...
Brad DeLong
Brad, I think the context of this discussion should make it clear that the
distinction hovers loosely around Keynes, who flirted with it.
It does indeed. Not one of his nicer intellectual moves...
Brad DeLong
Peter Dorman wrote:
Brad, I think the context of this discussion should make it clear that the
distinction hovers loosely around Keynes, who flirted with it. The issue is
not the evils of finance, bankers, cosmopolitan Jews (of which I am one),
etc., but analytically whether the channeling of
Not a cliche but a question that can only be answered with Edgeworth's
barter box;
And oft as wine has played the infidel
And robbed me of my robe of honor
I often wonder what the vinter buys
One half so precious as the stuff he sells.
roughly, from Omar Khyyam
Gene Coyle
Carrol Cox wrote:
From Jim:
For example, in his CAN "IT" HAPPEN AGAIN?, Minsky has a
clearly-defined
distinction between hedge financing, speculative financing, and Ponzi
financing.
Right, but this is a distinction about the mode of financing, not about
the character of the asset financed, and changes in
Doug Henwood wrote,
What I see a lot of is getting excited when there's a crisis.
I agree with Doug that progressive economists (or leftists in general) lack
confidence and look to the economic downturn as some kind of vindication. I
don't agree with him about the reason for this.
It seems to
Frankly, I always thought that Polonius was being hypocritical. After all,
he also says that "brevity is the soul of wit" and then goes on and on and
on and on... In any event, pre-capitalist economic clichs are relevant too.
At 02:22 PM 1/10/01 -0600, you wrote:
Charles Brown wrote:
Ken nailed a lot of the message.
But there are a couple of cracks in the facade that something might be inserted
in.
Gene Coyle
Ken Hanly wrote:
Is this a case of talk like u have a big stick but then bail out the
buggers...?
Cheers, Ken Hanly
Associated Press January 8, 2001
The Kennebunkport Hillbilly!
(sung to the tune of The Beverly Hillbillies Theme Song)
Come and listen to my story 'bout a boy name Bush.
His IQ was zero and his head was up his tush.
He drank like a fish while he drove all about.
But that didn't matter 'cuz his daddy bailed him out.
DUI, that
Pen-l,
Can anybody remind me how many days it took for the US to force Iraq out of
Kuwait during the 42-day Gulf War?
Thanks,
Seth
_
Get your FREE download of MSN Explorer at http://explorer.msn.com
thank you, thank you, bow, bow. maggie
Eugene Coyle wrote:
Nice to see Maggie Coleman on this list again.
Gene Coyle
1. Don't put all your eggs in one basket.
2. The early bird gets the worm
3. laughing all the way to the bank maggie coleman
Jim Devine wrote:
could anyone give me some commonly-used economic clichs? Three obvious
ones are:
-- you get what you pay for.
-- there's no such thing as a
thank you, thank you, bow, bow. maggie
Eugene Coyle wrote:
Nice to see Maggie Coleman on this list again.
Gene Coyle
There is the definition of class and then there is class consiousness --
frequently the twain don't meet. You can find many specific actions of
class solidarity during situations of stress, such as strikes, without
finding lasting class consiousness. F'rinstance, during the 1989 strike
in the
jim devine makes some good points, just to add one more observation. in
many senses the strict, and abstract, marxian definition of class has been used
in an exclusionary sense/ F'rinstance, since working class was defined by a
person's relation to the means of production, and women were
http://www.envirobank.org/
It is clear that the European banking community is far ahead of the US when
it comes to the concept of investment in green assets...Representing a
perspective from the United States, Helen Sahi of FleetBoston Financial
presented a discussion related to image risk
Seth Sandronsky [EMAIL PROTECTED] wrote:
Pen-l,Can anybody remind me how many days it took for the US to force Iraq out of Kuwait during the 42-day Gulf War?Thanks,Seth_Get your FREE download of MSN Explorer at
Margaret Coleman wrote:
jim devine makes some good points, just to add one more observation. in
many senses the strict, and abstract, marxian definition of class has been used
in an exclusionary sense/ F'rinstance, since working class was defined by a
person's relation to the means of
Margaret Coleman wrote:
jim devine makes some good points, just to add one more observation. in
many senses the strict, and abstract, marxian definition of class
has been used
in an exclusionary sense/ F'rinstance, since working class was defined by a
person's relation to the means
[this is big news...]
http://www.independent.co.uk/news/World/Europe/2001-01/bse110101.shtml
Meat-loving Germany gets Green minister to oversee farm revolution
BSE crisis: Schroder reshuffle aims to restore consumer confidence in wake
of scares over mad cow disease and collapsing beef sales
By
Welcome back, Maggie! And a rivetting 2001 to all.
Could it be that Marx's formulation concerning the difference between
feudalism and capitalism might be of use to us in discussing gender and
class. The forces that kept woman in her kitchen, at the well, etc were
half of one and half of the
forwarded by Michael Hoover
Millions in US rely on food banks to meet basic needs
New studies document growing hunger
By Paul Scherrer 3 January 2001
Four recently issued reports document the growing number of
individuals and families with children who rely on soup kitchens and
food
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