Given that various people have mentioned the
recent performance of East Asian economies, some of
which have been the only economies in the world to
generally perform BETTER since the presumed 1973
turning point of the global Kondratiev long wave
(except for a few oil exporters during the
Kondratiev long wave models take many forms.
The most popular are those emphasizing a technological
innovations story, e.g. Joseph Schumpeter, _Business
Cycles_, 1939; Gerhard Mensch, _The Technological Stalemate_,
1975; Richard Goodwin, "The Economy as an Evolutionary
Pulsator," _Journal of
Bilderberg is the city where the group first met.
Its director is Prince Bernhard of the Netherlands, long
accused of Nazi sympathies. David Rockefeller and various
Rothschilds, also Govanni Agnelli, were key founders.
Other groups fixated on this conspiracy theory include
the Lyndon
The following are fragments from a message
transmitted over internet on 3/7/95 by
subcommandant Marcos, translated by Cindy Arnold:
"He of the voice confesses that, since
having been born, he has conspired against the
shadows which cover the Mexican sky...
..that, before being born, being
Well, now we have someone "remembering" that
someone else "thought" that the "noted economist"
"might be" Bohm-Bawerk. Obviously he would be
one of the usual suspects (right up there with Gil
Skillman! :-)), but was he the one actually in
the Library of Congress of Magazine article? As
There has now been a rather long thread
about this "noted economist" in the Library of
Congress magazine who dissed Marx. But I have yet
to see anyone actually identify him, aside from
speculations that it is (or should be) P. Samuelson
or Gil Skillman :-).
So, is there anybody out
To D. Shniad:
It is true that the messages got a bit overwhelming
there for awhile. But I for one am wondering if there
might not be a happy medium between "nothing" versus
"go sign up on one of these nets" (appreciate the sources).
Perhaps you could selectively forward especially
There is a one year instructor position,
renewable up to three years, available in the
Department of Economics at James Madison
University, Harrisonburg, VA 22807. The JOE
ad did not get printed by mistake. Deadline
for applications is March 15. Teaching
experience preferred and
I wish to let anyone interested know that I
shall be receiving no e-mail messages between August
18 and December 28 of this year. Please do not send
me any as my system will just overload.
If you need to reach me during this period I shall
be at
931 Batiment Aquitaine
26, rue Auguste
Well Jim Devine has complicated things again.
"2+2=4" is a very different kind of "fact" (analytic
in the Kanitian sense) thans is say the number of
people who died in certain kinds of structures (call
them camps) within certain time-space zones (those
under "German control" during World War
Response to Bill Mitchell (34 lines):
I agree that using neoclassical economics or not is=20
to a large degree a matter of "theology." This can be
seen in that it is impossible to "falsify" the law of
supply nand demand (Popperian criterion). Go ahead and=20
try. That does not mean,
3 Points and strands, semi-long:
1) In response to Bruce M.'s request , here is an atte
attemptted precis of my long message to Alan Isaac
offnet (to which he gave me a long response; we are
not too far apart at this point, although he may not
concur with that assessment).
There are two
(Short and Sour)
None of us knows what makes a difference.
1) The claim that the Kosovan Albanians engaged in "the
first ethnic cleansing" is clearly wildly exaggerated, to say the
least. In terms of primacy, the Ustasha Croats beat them to the
punch. In terms of essential
If message appeared from me already, then delete. I sent something
but it did not look like it went. There was a glitch.
1) The claim that Kosovan Albanians committed "the first
ethnic cleansing" is unsupportable. The Ustasha Croats beat them
to it. In 1946, Yugoslavia re-conquered
Response to Sid Shniad:
Krugman's media barrage about "competitiveness" is all
sour grapes over Laura Tyson getting the CEA Chair, which he
made sexist remarks about at the time. Apparently in a meeting
Clinton had before the inauguration with Tyson, Krugman, and some
other economists,
Response to Paul Phillips' Messages #'s 2 and 3 (this will not
be a short message):
Again Paul is right about many things and has highighted
some stupid and reprehensible aspects of the Balkan tragedy on
the parts of many actors (PS: Paul, can you send me a copy of
the Covert Action
Response to Paul Phillips #4, (4 items, about 3 pages):
1) I shall not claim that there has been no misreporting of the
situation. However, you still have not shown (maybe you will
tomorrow) that atrocities of various sorts by other groups
exceed or even come remotely close to those committed
MORE DEFENSIVE POSTURING (Guilty! Guilty! Guilty!): (2 pages)
A not-always-clearly-articulated subtext of the recent round
of LTV debate between myself and Paul Cockshott and Allin Cottrell had
to do with the issue of environmental policy under socialism. As
noted recently Soviet policy was
Response to Joseph Medley:
The source was a recent article in that capitalist rag,
_The Economist_, I do not offhand have the exact date. It only
compared the total growth rates of the identified three categories,
central state owned, fully private, and TVE's. I note that you
do not
(3 to 4 pages)
Having flamed Paul Phillips in a recent message I would
like to add some more moderate comments. I do think, despite
my disagreements with him, that his remarks were very well-
informed and should be thought about seriously.
1) I agree that we must be cautious as
1) I would like to commend Michael Perelman for his effective
management of this fractious net, especially through a difficult
technical transition with apparently only minor scattered glitches.
I think we all owe him more thanks and appreciation than he has
been given.
2) I would like to
I note that the most dynamic sector in the Chinese economy
recently has been Town and Village Enterprises (TVE's) which
are technically owned by local units of government but which
behave in vigorously market-oriented ways. The old centralized
command sector utterly stagnant. The totally
Yes, Germany encouraged Croatia and Bosnia to secede prior
to assuring appropriately Serb and other minority rights. Also
there is a lot of ignorance about what is going on (and has gone
on) there (The Nazi puppet Ustasha regime in Croatia ran the worst
concentration camps in Europe, its
Having just sent a rather offensive note, let me try
to be more constructive in the light of Sam La Franco's
"zoning" remarks. I would simply note that messages have
labels for what the topic is. If the topic is LTV or MTV
or Godzilla and one is not interested in that, this is what
the
1) I do not dispute that an alternative X basic should be
reasonably homogeneous and non-producible by labor and inexhaustible
resources. I also agree that raw land as such suffers from
heterogeneity problems that are probably worse than those of labor,
although I think Allin may have
1) I do not dispute that an alternative X basic should be
reasonably homogeneous and non-producible by labor and inexhaustible
resources. I also agree that raw land as such suffers from
heterogeneity problems that are probably worse than those of labor,
although I think Allin may have
Peter,
My apologies for my flip "textbook" remark. Indeed
most intermediate macro presentations of ISLM are profoundly
flawed for reasons probably not worth getting into here.
The issue of the "Keynes effect" boils down to the liquidity
preference demand for money diagram as it shows
Peter,
My apologies for my flip "textbook" remark. Indeed
most intermediate macro presentations of ISLM are profoundly
flawed for reasons probably not worth getting into here.
The issue of the "Keynes effect" boils down to the liquidity
preference demand for money diagram as it shows
Let me begin by congratulating Allin on the most
articulate and well-reasoned defense of the labor theory of
value that I have seen. I note that at its core are three
arguments: a) labor is the most "socially important" factor
of production (I agree), b) empirically LTV works not too
Let me begin by congratulating Allin on the most
articulate and well-reasoned defense of the labor theory of
value that I have seen. I note that at its core are three
arguments: a) labor is the most "socially important" factor
of production (I agree), b) empirically LTV works not too
Peter,
I agree that putting everything in terms of rates of
change really is preferable, especially on the price side.
I am not sure what happens then about the impact on real
interest rates of an increase in the rate of inflation.
However, in the simple (-minded) pure theory static
To Allin Cottrell: If these are not dealt with in the main
message, they should be saved for an epilogue response.
1) Normality of price dispersion presented in Farjoun and
Machover is NOT a trivial assumption. Most asset prices (at
least) have both seriously skewed and leptokurtotic
To Peter Dorman: The effect of having Korea and Taiwan pegged
to the $ was offset by having most of Latin America also pegged
to the $.
I agree with Tom Weisskopf's last posting (was going to make
same point myself) about role of interest rates. Clearly that
depends on MS constant and we
To Allin Cottrell: If these are not dealt with in the main
message, they should be saved for an epilogue response.
1) Normality of price dispersion presented in Farjoun and
Machover is NOT a trivial assumption. Most asset prices (at
least) have both seriously skewed and leptokurtotic
To Peter Dorman: The effect of having Korea and Taiwan pegged
to the $ was offset by having most of Latin America also pegged
to the $.
I agree with Tom Weisskopf's last posting (was going to make
same point myself) about role of interest rates. Clearly that
depends on MS constant and we
Response to Peter Dorman (hi, BTW, hope all's well that keeps
on keeping on):
Now you didn't have to get so technical on us did you? Getting
back to the origin of this with Ellen Frank's question, I think it
was addressed to what do we say to students, especially principles
students (higher
Peter:
1) I am glad to hear that you are free of sin, my brother, in
your (past) teaching of micro. However in your remarks about
"microland is faster than macroland" I would say it ain't necessarily
so, especially when prices are a signaling device. We have seen
plenty sudden speculative
1) Yes, there are numerous difficulties with AS and AD, one not
mentioned so far is the interdependence of the two, perhaps implicit
in Peter Dorman's comments on circular flow models. Colander's new
text basically has vertical (classical) AS curves that shift when AD
changes, no question of
I deliberately selected Japan as my example as it does
not have such extended family economic relations. Although
families play a profound role in traditional societies, I do
not think we should therefore say nothing about relations
between the sexes in them. In every society the
Sid Shniad has cited ILO figures that argue that East Asia
has much lower unemployment rates than exist in Western Europe.
This is technically accurate but very misleading. For example
Japan has a much lower labor force participation rate than one
finds in most of Western Europe because of
(If this repeats a previous message, I apologize. I'm
having trouble sending messages out on this net, despite
Michael Perelman's assistance.)
Sid Shniad reported an ILO study that suggests much
lower unemployment rates in East Asia than elsewhere, notably
Western Europe. Although
41 matches
Mail list logo
