In support of the CD, I can tell that "El mono blanco" and "Combo
ninguno" are two of the finest music groups in Veracruz. Besides every
political issue, music in this CD seems excellent.
Macario
Something like inside conflict seems to appear in this list. I see
much criticism to academic work, or more specific, to the work of
academics, and I don't see the same amount of criticism directed to
what I thought was the target: The State, domination mechanisms, state
of nature, actual ec
Since I haven't seen the IMF report, I can't talk about it. Anyway,
what we know here (Mexico) is about the first point Doug mentions: the
capital flight was started by Mexicans. I would say the following:
1) Mexican chambers say they were not the ones who took the money out.
This might be t
To the Honorable Body of Coleagues:
I have finally posted a working paper in the WUSTL archive. With the
title of "Intuition and Institutions, the Bounded Society" I have
tried to establlish the link between bounded rationality and the
creation of social institutions that determine economic p
This statement is not as straightforward as it seems...
On Thu, 20 Jul 1995, Bill Briggs wrote:
>
> It would be improper to call Hitler's Germany a capitalistic country.
> Capitalism requires laws [and , if history is any judge], democracy
> in order to prosper.
Does capitalism really need
Anyway, we are here. In my case, I have only replied to some postings,
but I haven't started any. I will, I am just "rounding" some ideas
that I would like to be discussed. But don't worry, I don't see any
narrow vision yet (pkt is worse... :]
Macario
On Wed, 19 Jul 1995, Michael Perelman
Cleaver says that increasing the standard of living has been the ONLY
defense of capitalism. If we see it as a democratic selection of
economic model, it may be true, but if the economic decision is not
democratic, but oligarchic (in the sense that few people with some
power made it) then th
Institutions provide stability to the economic environment. It is not
a matter of individuals desire of stability but of the way
institutions are created and evolve. If individuals do not desire
stability, institutions provide it anyway.
Institutions stabilize since they are created in the s
Eric Nilsson argues about institutional change and K-cycles:
A problem we have in analyzing institutional change iis that
institutions are not clearly defined. In that sense, crisis may
accelerate explicit changes, while not really modifying institutions.
If institutions keep on being loosely
The Income-Expenditure Survey in Mexico has the same feature: the
bottom three deciles are on a permanent deficit. Nevertheless, poverty
is far above this third of population.
Macario
On Tue, 23 May 1995, Doug Henwood wrote:
> At 10:52 AM 5/23/95, Jim Devine wrote:
>
> >The only thing I'v
On Tue, 16 May 1995, Jeff Oman wrote:
> The sequence is as follows, more inequality reduces
> >incentives to save (or to accumulate human capital) to the less
> >favoured by the distribution. The amount of savings and human capital
> >that is lost is not compensated by the savings and human
There is a discussion about growth and inequality by Burns and Oman.
If it helps, I built an endogenous growth model with income inequality
that shows that the worse the distribution (and its dynamics) the less
the growth. The sequence is as follows, more inequality reduces
incentives to sav
About thatcherism, reaganomics, and similar beasts, I think any
comments would be incomplete without mention to Salinomics, or
whatever you would call the economic policy exerted in Mexico in the
last 8 years.
As far as it seems, the most important failure of this kind of
programs have appe
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