>
> Carrol, post modern emerges with both transformations in modern art and
> post-structuralist discourses. perhaps they merge in the 1960's with the
> situationists, guy deboard,et al, & the involvement of Henri Lefebvre with
a
> political-arts movement that rejected orthodoxy of all forms, & de
Did you get these income and savings #s from FoF?
Christian
- Original Message -
From: "Doug Henwood" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Thursday, October 04, 2001 3:19 PM
Subject: [PEN-L:18104] Re: RE: Re: RE: fiscal policy
> Forstater, Mathew wrote:
>
> >Doug - so a
> That's a big stimulus program - the biggest fiscal stimulus in at
> least 40 years, according to estimates I just saw from Wall Street
> guru Ed Hyman of ISI. A lot of it is targeted at the lower and middle
> income brackets, too. Bush is proposing a more aggressive stimulus
> program than the D
Hi Peter,
I've been spending some time reading macro textbooks and I'm wondering what
your particular reasons for not wanting AS/AD in there. Could you explain?
-Christian
- Original Message -
From: Peter Dorman <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Thursday, August 24, 200
> My own view is that this problem is (partly) due to the
> fact that the gay men who control the fashion are not interested in
> real women but prefer them to look asexual or androgynous.
Oh yeah, all my straight male students barf when I mention Tyra Banks. But
now I see it: they're all dupes
Hey,
Has anybody checked out the article by these Brookings folks about the
changing face of NAIRU? It was mentioned a week or ten days ago in a WSJ
article. I'm just reading through the abstract, but it seems that the basic
idea here is that NAIRU changes depending on how wagemakers use inform
> Imagine that the households hold large amounts of government debt as
assets.
> Other things being equal, if the government runs surpluses, then those
assets
> disappear.
>
I get that. I don't get why the disappearance of those assets automatically
means that the wealth once held in them become
>
> I *finally* stop doing vulgar materialism and start doing cultural
> studies, and he wants facts...
As a matter of fact, cultural studies so-called is very interested in facts.
But, many times for the worst, it's not interested in their fact-ness. It is
interested in the way that facts create
Michael P wrote a while ago:
"Wynne's work is based on basic accounting principles and so has the
potential of being understood, and maybe even convincing. He shows what's
behind the boom, and shows what would have to occur for it to continue, and
that such a scenario is unlikely, but even tryin
Tom, what's the Leeson text you're citing?
The most recent BIS annual report uses the Phillips curve to speculate about
the effectiveness of a single ECB monetary policy. The authors judge that,
although each country might have its own specific output gap/inflation
relations, "imposing a common r
> If there would be a philosophy or literature person here, s(he) would
> *really* be pissed, not only by the unprofessional use of language but
> also by ignorance. I am not a big fun of hermeneutics and deconstruction
> either, but I never make the mistake of considering those theorists
> writ
>
> > But the positive/normative mix could be very different: it seems to me
that
> > the NAIRU theory could easily be interpreted as an argument for
> > overthrowing capital. "Capitalism requires a reserve army THAT BIG to
keep
> > it from punishing us with accelerating inflation??"
>
The way th
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Howdee,
Regulation theory has any number of origins--Alain Lipietz, one its
exemplars, argued that the analyses of "regulation" were in part an attempt
to push the limits of Althusser's notion of "reproduction" in such a way as
to imagine how different kinds of externalities, path dependencies, e
>
> Doesn't that create a problem for your--and Michael's--argument that the
> only way out of a crisis (e.g., in Japan right now) is to liquidate real
> estate, liquidate labor, etc., as Andrew Mellon used to say?
>
> Edwin (Tom) Dickens
>
I'm not Doug, but I thought the point was that Marx was w
> Doug is suggesting that the problem _might_ be solved the good old Maggie
> Thatcher or Attila the Hun way, imposing a shake-out that drives out the
> weakling capitalists and imposing wage cuts, deunionization, etc. on the
> working class. This would raise the rate of profit and eventually
st
> I said I thought Japan looked to be in the throes of a classic
> overaccumulation/profitability crisis. For decades, state policy and
> the financial/governance structure permitted firms to invest to gain
> market share without paying much attention to ROI. Now they've had
> their reckoning - bu
>
> Well, Doug said that Japan confirms Marx rather than Keynes.
I didn't catch this. Doug, would you repost your comments?
> Isn't there something more fundamental going on, namely
> competition between nations based on the production of automobiles,
> computers, and capital goods such as machi
> Keynes called this situation a liquidity trap and felt this
> was a good argument for fiscal policy and government
> investment programs. Unlike private firms, the federal
> government can finance long-term projects with short-term
> debt.
>
> Ellen
How do you think the situation in Japan refl
I would settle for a little sense in the debate. I'm tired of hearing Repugs
and Dums alike say that if you allow for same-sex marriages, you allow for
people to marry their dogs. Gay marriage = no marriage, since if you allow
gay marriage, you allow everything. Ugh.
Then again, I find it hard to
> Brad De Long wrote:
>
> >No time. I only managed to say a quarter of what I wanted to say.
> >Bob Edwards wanted to talk about self-help. So all my points about
> >how the wealth-to-income ratio is high; how the skewness of the
> >wealth distribution has grown; how we have the seeming paradox o
wotjek wrote:
That is an excellent argument. It is impossible to discuss language while
abstracting form social, economic conditions that produced it. Language is
merely a reflection of material reality that produced it, albeit it has an
"institutional history' that outlives the material realit
"The fact is that although millions of people in emerging markets have
suffered horribly -- losing their jobs, going bankrupt, sinking into
poverty -- the crisis wasn't long enough or deep enough to result in the
kinds of corrective measures that would result in a less risky global
economy. Indeed
louis,
so, you're going to send this puffball little recommendation for moby's new
cd to the list (moby? did i read you right? with that soporific cheezball
mirthful-dirge-cum-moog "everything is wrong" crap? the guy who peddles his
meat-bad-jesus-good politics for warner brothers? ... ), and th
howdee,
although wall street prices aren't indexed in the cpi, i'm wondering if
there is some relationship between the stock market boom and inflation.
perhaps what the notion of a "bubble" is supposed to imply--but given that
securities are relatively liquid, wouldn't there be something to the i
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