[PEN-L:4228] Re: Mexico

I would second Barkley's note re. Sid Shniad postings. So long as they don't come too thick and fast, Sid is doing us a valuable service. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

[PEN-L:4153] Re: story

s obtained in terms of real processes, is set off as 'story'-telling. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

[PEN-L:3995] Veblen and the neoclassical agent

the precise citation for these remarks? Thanks. === Allin Cottrell Department of Economics Wake Forest University Winston-Salem, NC, USA (910) 759-5762 ===

Re: The Hayek critique

of economy-wide planning. Paul and I also have a working paper that deals specifically with Hayek's 1945 article, 'The Use of Knowledge in Society', which we hope to publish somewhere before long. === Allin Cottrell Department of Economics Wake Forest University Winston-Salem, NC

Re:discussion of coupon socialism

t colorado (ftp to csf.colorado.edu, then go to the sub-dir /econ/authors/Cottrell.Allin. The file is vms.ps.) ======= Allin Cottrell Department of Economics Wake Forest University Winston-Salem, NC 27109 (910) 759-5762 [EMAIL PROTECTED] ===

Re: Broken vows Coase

to say about the existence of firms than do modern neoclassicals. I can't remember the title offhand, but it's in a volume edited by Langlois, entitled "Economics as a Process." ======= Allin Cottrell Department of Economics Wake Forest University Winston-Salem, NC 27109

new socialism book

elphia, PA 19147. Ph. (215) 925-2762; fax (215) 925-1912. (Since Paul and I are getting no royalties, advertising in this medium does not seem out of order.) You can see a description of the contents in the September 1994 issue of the JEL. ======= Allin Cottrell Department of

Re: gopher pen-l

could someone give me the gopher path if one wants to consult the pen-l archives? or the pkt archives? thanks ahead of time. csf.colorado.edu: Heterodox Economics/Archives: Pkt === Allin Cottrell Department of Economics Wake Forest University Winston-Salem, NC 27109 (910

Re: rate of profit

l problems in measuring the capital stock are more severe than those involved in measuring the flow of profit income. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

Re: GE Appearances -- III (very long!

there may be other problems with this formulation). The point is that labor-power, since it is not produced under capitalistic conditions, via a process that participates in the formation of a general rate of profit, *doesn't have* a "price of production" in Marx's sense. ====

LTV: responses to critics

ot; a scalar representation of cost: they must, if people regard them as important, be imposed as external constraints on narrowly "economic" calculation. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

Re: Allin C and LAWS OF CHAOS

laim is that it does not abstract from an *essential* feature of the process of capitalist competition. The F and M argument has its weak points, and is certainly not beyond criticism; but I find Ajit's dismissal patronizing and complacent. ====== Allin Cottrell Department of Ec

Re: Allin C and LAWS OF CHAOS

laim is that it does not abstract from an *essential* feature of the process of capitalist competition. The F and M argument has its weak points, and is certainly not beyond criticism; but I find Ajit's dismissal patronizing and complacent. ====== Allin Cottrell Department of Ec

LTV: Responses to critics

nd the real interest-income of rentiers, and the real rental income of landlords) is properly conceived as the proceeds of the exploitation of (extraction of surplus labor from) productive labor? Yes, I do. The arguments in the last several "LTV Defense" postings were supposed to bear o

LTV defense, part 12 (and final)

e, may be found in Economy and Society, vol. 18, no. 1, 1989. Thanks to everyone who offered encouragement along the way, and I hope these postings have been of some use-value. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

Re: It's not Marx

exploitation. Thus I feel that Jim has this point backwards. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

Re: It's not Marx

exploitation. Thus I feel that Jim has this point backwards. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 11

is only weakly producible and (c) may be conceived as homogeneous as a tolerable first approximation. Coming up: Some final suggestions on why the LTV is properly privileged over any other XTV. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 10

he struggle of wage-workers against a capitalist class. Next time I'll begin on my final topic, a fuller defense of the 'specialness' of labor as it relates to the LTV. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 10

he struggle of wage-workers against a capitalist class. Next time I'll begin on my final topic, a fuller defense of the 'specialness' of labor as it relates to the LTV. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, digression

arx as the specific manifestation, under capitalism, of the "necessity of the distribution of social labour in specific proportions" in order to satisfy the conditions of reproduction of any economic formation. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 9

complete automation). Labor is not employed because it 'happens to be exploitable', but rather it is the exploitability of (non-optional) labor that explains the possibility of profit. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, digression

arx as the specific manifestation, under capitalism, of the "necessity of the distribution of social labour in specific proportions" in order to satisfy the conditions of reproduction of any economic formation. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 9

complete automation). Labor is not employed because it 'happens to be exploitable', but rather it is the exploitability of (non-optional) labor that explains the possibility of profit. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 8

s necessity of the distribution of social labour in specific proportions is certainly not abolished by the specific form of social production; it can only change its form of manifestation. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 8

s necessity of the distribution of social labour in specific proportions is certainly not abolished by the specific form of social production; it can only change its form of manifestation. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

pen and pine

er field. That would identify the source OK, but still means that we wouldn't have the option of using the Reply command to dash off a response to the list, without having to type in the PEN address. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 6

ever, be done. I think the second interpretation is the right one. More later. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 7

y special about labor? Couldn't you do the same sort of statistical number using oil-content, timber-content or what-have-you? Why is the LTV of any more intrinsic significance than the OTV or the TTV? End of seventh message. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 4

affian prices -- but why should *that* be one's theoretical terminus if one's ultimate object is to analyze real economies and their laws of motion? End of posting the fourth. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 4

affian prices -- but why should *that* be one's theoretical terminus if one's ultimate object is to analyze real economies and their laws of motion? End of posting the fourth. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 2

e this point before, but I wanted to set it out systematically before developing its implications. End of second posting. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense, part 3

m the effects of the disturbing factors. [Paras 5-7 above are based on notes made by Paul Cockshott.] End of third posting. == Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

LTV defense

mments to make about that argument, but not at first. End of preface. End of first posting. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

Re: the aggregate demand curve

cal policy or swings in private-sector investment demand. In AD/AS models, this will cause a temporary departure from potential gnp, which will in turn cause a change in inflation relative to money growth. Integrated over time, this amounts to a change in the price level. ====== Alli

Re: the aggregate demand curve

cal policy or swings in private-sector investment demand. In AD/AS models, this will cause a temporary departure from potential gnp, which will in turn cause a change in inflation relative to money growth. Integrated over time, this amounts to a change in the price level. ====== Alli

RE: marx on money

aikh's study using the 1984 UK input-output tables: our findings were essentially the same. Ricardo and Marx were right: the labor theory of value stands up to empirical scrutiny as well as just about any theory in economics, and better than most! ====== Allin Cottrell Depart

Re: Interest rates and politics

ers should be willing to lend at lower rates, the _safer_ that lending appears to be. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

Re: Interest rates and politics

ers should be willing to lend at lower rates, the _safer_ that lending appears to be. ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

Slavery and capitalism

in the slave system would have been too restricted). ====== Allin Cottrell Department of Economics Wake Forest University [EMAIL PROTECTED] (910) 759-5762 ==

Various debates

e that Keynes ever spelled out what he meant by this, or discussed the sort of institutions that would be required to undertake this "socialisation," but on the face of it, it sure sounds like planning. No, it's not on the US agenda for the near future, but is it something PKs should di