Howard Sherman in his book on business cycles points out that in the history
of modern capitalism there can only have been 3 or 4 observations possible of
a Kondratieff (60-70 years apiece) cycle. So how do you know if such a beasty
exists and what regularities to look for? ;)
Let me add, I'm
Doug Henwood asked:
"Does anyone know if any OECD country has experienced as sustained an
episode of fiscal tightness as the U.S. has since the 1990 budget deal, and
is likely to experience further through 2002 as a result of the new
austerity mood in DC?"
Yes, New Zealand. Budget deficit was so
Some more info. on defining and measuring poverty in the U.S.:
The New York Times reported on April 30, 1995, pp. 1 & 15 that the Panel on
Poverty and Family Assistance at the National Academy of Sciences was about
to recommend changes to the definition and measurement of poverty. The major
re
Since Jim Devine mentioned George and Sabrelli's _Faith and Credit_ in which
they argue the case for using a religious metaphor for understanding the
World Bank's activities, I thought we should not overlook the other
"revitalization movement" aspects they suggest as possibly applicable to the
The metaphor of the religious fervor of Thatcherism, Reaganism, and
Rogernomics is an apt one. Anthony F. C. Wallace, an anthropologist, did a
lot of work on revitalization movements defined as "a deliberate, organized,
conscious effort by members of a society [or group] to construct a more
sa
For a video account of the movement for a shorter work week and other ways to
rebalance work and leisure (along with material on the double-shift of women
in household and market production) see "Running Out of Time" produced by
Oregon PBS (Order info: 1-800-440-2651 $28.90 incl. S&H).
At a time when all the cutbacks in Washington, DC, can lead to depression,
along come some newspaper clippings sent from New Zealand by my dear old mom
to cheer me up. I thought PEN-Lers might be in need of cheering up too --
along the lines of "things could be worse".
Some may recall that (Si
Ah, it's true: many lefties/academic types don't have a sense of humor.
Surely only academics would debate an issue of where Marx went wrong and who
said he went wrong before actually reading the article hyped up in an
advertising "frenzy" by the Library of Congress Magazine.
Reminds me of the
Barkley Rosser observes:
"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 Ma
For a somewhat more even-handed view of currency boards than the Wall St Jl
and Bus. Wk articles, see:
Nathaniel C. Nash, "A Strong Leash for Currencies on a Rampage," New York
Times, Sunday, February 5, 1995, p. 3 (business section). In addition to Mr
Hanke's song of praise for currency board
Last I heard, the Maori were content with staying put in New Zealand rather
than undertaking an expansionist expedition over 5,000 miles to Taiwan :).
Of course, many Maori too would like their turangawaewae ("place to stand") by
regaining sovereignty over what they call Aotearoa.
Cheers,
Bren
The following announcement of a Professorship in International Political
Economy will appear in the December issue of Job Openings for Economists. A
similar ad appeared in the Chronicle of Higher Education, November 2, 1994,
p. B31.
This is being cross-listed, so apologies to those afflicted w
>Jesse Vorst asks:
Can someone guide me to references on the "Greenfield" practice
of a company threatening to transfer production to an existing
plant in an area with low union rates and/or high unemployment?
___
For a discussion of th
For what it's worth, here's what one of last year's Nobel recipients said
about game theory in 1990:
Douglas North:
"Game theory highlights the problems of cooperation and explores specific
strategies that alter the payoffs to the players. But there is a vast gap
between the relatively clean,
A couple of comments/questions on coupon socialism:
1. Robin Hanel points out that Roemer's proposal to distribute coupons would
lead to wide dispersion of stockholders -- surely an intensification of the
separation of ownership from control problem that the principal/agent theory
is meant to
Just a brief note of thanks to the various protagonists on this topic
addressing the substantive issues at the end of last week. Some earlier
messages seemed to verge on assertion rather than explanation. Anyway, thanks
for clarifying positions; I've learnt some. Hope others have too. This med
A reply to Bob Pollin's condescending comment on my "anecdote on Germany"'s
banker capitalism:
I guess I was a mite too subtle. Let be more direct. It is not clear from
Bob's posts _how_ Bank-based financial systems are organizationally more
efficient than the alternatives (American system of
Re banker capitalism in Germany:
The organizational efficiency of the banker capitalism model has come under
question in Germany over the past year precisely because bankers haven't
demonstrated effective control over industrial managers in a number of high
profile corporate disasters. Metallg
Another critique of transaction cost economics is that it ignores the
implications of its own analysis for the role of the state in the economy.
The state has to be incorporated because of its part in creating and
operating the market and its interaction with the firm. Bill Dugger defines
the
"The best [progressives] lack all conviction
while the worst [right wing reactionaries]
are full of passionate intensity"
"The Second Coming"
W. B. Yeats
P.S. I'm out to beat Doug Henw
The World Competitiveness Report is published by the International Institute
for Management abd Development in Lausanne, Switzerland and the World
Economic Forum in Geneva. It ranks countries across a range of categories:
domestic econ. strength, internationalization, government policy permitti
Some comments on responses to my earlier message:
On Bill Mitchell's comments:
---
"NZ merely has translated the idea of a welfare state for all into a welfare
state for a few privileged..."
In substance, of course, the romantic notion of a NZ welfare state for all
nev
Comments by: mcclintockbrent@faculty@Carthage
Forwarded to: NET[[EMAIL PROTECTED]]
I tried sending this last Friday and it got bounced. Subject is now
truly off the boil but maybe of interest to a few. Cheers, Brent
-- [Original Message
The single payer system would probably expand choice in form of doctor and
possibly some treatments/coverage -- Wall St Journal made the case a month or
two back that most of those insured under private health insurance schemes are
already substantially choice-constrained. And what choice is no
Trond Andresen has issued a couple of "not fairs" in response to my posts this
week about "progressive international positions" (PIP) and "progressive
nationalist positions" (PNP) in terms of economic strategy and the state.
I apologize to Trond and others for some sloppy drafting on my part. I
Trond Andresen has issued a couple of "not fairs" in response to my posts this
week about "progressive international positions" (PIP) and "progressive
nationalist positions" (PNP) in terms of economic strategy and the state.
I apologize to Trond and others for some sloppy drafting on my part. I
Trond your assumptions about the cause and effect relationship between
nationality and support for nationalist or internationalist positions on
progressive reform and the state is a misplaced one in my case.
I am a New Zealander who very much retains an empathy for the risks facing
small, open
Trond your assumptions about the cause and effect relationship between
nationality and support for nationalist or internationalist positions on
progressive reform and the state is a misplaced one in my case.
I am a New Zealander who very much retains an empathy for the risks facing
small, open
Doug Henwood asks in reply to one of my earlier posts: "if "we" (the Good
Guys) have virtually no influence over national states, how can we have any
over these megastates [EU, UN, etc.], whose terrain is highly technical and
abstract to most people?"
I don't agree that "we" have virtually no
Doug Henwood asks in reply to one of my earlier posts: "if "we" (the Good
Guys) have virtually no influence over national states, how can we have any
over these megastates [EU, UN, etc.], whose terrain is highly technical and
abstract to most people?"
I don't agree that "we" have virtually no
Marty Hart-Landsberg observes and asks:
So, at the risk of oversimplyfing, one approach calls for building
opposition to the mobility of capitalism on the basis of the nation
state and projects a vision of greater national regulation of
capitalist activity through a restructured and more powerful
Marty Hart-Landsberg observes and asks:
So, at the risk of oversimplyfing, one approach calls for building
opposition to the mobility of capitalism on the basis of the nation
state and projects a vision of greater national regulation of
capitalist activity through a restructured and more powerful
A few additional thoughts to those of Doug Orr and Marshall Feldman in
response to Jason Hecht's inquiry re S&L mortgages and hedging.
S&Ls in the 1980s did engage in securitization of home mortgages on a wide
scale. Aided by the activities of Fannie Mae and Freddie Mac, S&Ls packaged
mortga
A few additional thoughts to those of Doug Orr and Marshall Feldman in
response to Jason Hecht's inquiry re S&L mortgages and hedging.
S&Ls in the 1980s did engage in securitization of home mortgages on a wide
scale. Aided by the activities of Fannie Mae and Freddie Mac, S&Ls packaged
mortga
One of my students is researching the impact of World Bank/IMF structural
adjustment programs in Central America for a course he is taking in political
science. While he and I are familar with World Bank/IMF activities in Africa
(he is Nigerian) and the recent World Bank report on East Asia, we
One of my students is researching the impact of World Bank/IMF structural
adjustment programs in Central America for a course he is taking in political
science. While he and I are familar with World Bank/IMF activities in Africa
(he is Nigerian) and the recent World Bank report on East Asia, we
A question for PEN-L subscribers:
In my Public Finance class we have been discussing capitalism and the state
from neoclassical, public choice, institutionalist, and marxist perspectives.
One of the issues considered involves the different explanations of the origins of the
state.
My questio
A question for PEN-L subscribers:
In my Public Finance class we have been discussing capitalism and the state
from neoclassical, public choice, institutionalist, and marxist perspectives.
One of the issues considered involves the different explanations of the origins of the
state.
My questio
Some six months ago, one of my psychology colleagues came into work looking
very troubled. He'd just heard some DJ give the data on Nike, Michael Jordan,
and Indonesian footwear workers. He was perplexed as to how to make any sense
of the statistic that it would take 5,000 years of wages for th
Some six months ago, one of my psychology colleagues came into work looking
very troubled. He'd just heard some DJ give the data on Nike, Michael Jordan,
and Indonesian footwear workers. He was perplexed as to how to make any sense
of the statistic that it would take 5,000 years of wages for th
A week or two ago Jim Devine asked if anyone had heard about moves to
introduce Total Quality Management into Academia. The Johnson Foundation in
Racine, Wisconsin just north of here has been doing some proselytizing on this
issue and I dug the following out of my paper mountain.
The Foundation
A week or two ago Jim Devine asked if anyone had heard about moves to
introduce Total Quality Management into Academia. The Johnson Foundation in
Racine, Wisconsin just north of here has been doing some proselytizing on this
issue and I dug the following out of my paper mountain.
The Foundation
I'm putting together a section in my undergrad. public finance course on
theories of the state, especially heterodox views. In particular, I am looking
for suggestions on articles on Marxist theories of the state that would be
accessible to undergrads with little or no prior knowledge of Mar
I'm putting together a section in my undergrad. public finance course on
theories of the state, especially heterodox views. In particular, I am looking
for suggestions on articles on Marxist theories of the state that would be
accessible to undergrads with little or no prior knowledge of Mar
44 matches
Mail list logo
