Re: Re: RE: Re: Re: Physics and economics

2001-12-05 Thread Jim Devine
At 11:53 PM 12/4/01 -0800, you wrote: >Then the laws of probability should correspond to >human behaviour in as much as they do to the behaviour >of inanimate matter, and they do not. some human behavior is predictable, though much of it is not. The big problem with statistics as applied to huma

Re: Front line and Afghan

2001-12-05 Thread Jim Devine
At 07:23 PM 12/5/01 +, you wrote: >There is an almost complete blackout on the situation in the Kandahar >area. No longer are we even getting the coverage we got before the fall >of Kabul and Mazar e Sharif. This is no accident. No tv images with the >on the front journalists. No more are our

Re: I. The Theory of Land Value Taxation

2001-12-05 Thread Jim Devine
ooks (one of which, Henry George: Dreamer or Realist? was >published in 1966 by the University of Pennsylvania Press and is still in >print). He has been instrumental in inducing 18 jurisdictions to collect >about $70 million annually in extra land value taxation. He is currently >writing a book entitled The Most Important Statement Ever Made¯a rational >proof for equal rights. >Contact Information: >Research Director >Center for the Study of Economics >1191 School St. >Indiana, Pa. 15701 >Phone: 724/463-3993 Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine NTMail K12 - the Mail Server for Education

untapped Afghan wealth?

2001-11-15 Thread Jim Devine
the world." [yeah, right. How often to the _people_ of a mineral-rich country benefit from that wealth? Maybe in Saudi Arabia...] Jim Devine [pen-l's reporter in Culver City, CA] [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Re: Re: RE: more on the Northern Alliance

2001-11-14 Thread Jim Devine
at practice should be taken as far as most economists do, but it's sometimes worthwhile.) Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- K. Marx, paraphrasing Dante A.

Re: RE: more on the Northern Alliance

2001-11-13 Thread Jim Devine
w opium and the like. (It would become a "normal" crop, without any promise of possible big winnings.) This would be reinforced if "consumer" countries like the US were to fight drugs using education and treatment instead of using troglodyte tactics. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: RE: more on the Northern Alliance

2001-11-13 Thread Jim Devine
At 01:24 PM 11/13/01 -0600, you wrote: >Do I detect jest in this post? The Taliban is involved in the drug trade. >Officials in cities where production is heavy have publicly admitted they >cannot control production and that they will not because they need the >support and the farmers need the mo

more on the Northern Alliance

2001-11-13 Thread Jim Devine
n-l should (1) sell heroin futures short and (2) sell the "War on Drugs" short. Hey, maybe this will kill the War on Drugs. If so, that's good news. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Victory to Empire

2001-11-13 Thread Jim Devine
lt to see how, in fact it >seems difficult to comprehend how Empire may be fought by any other means. >For Empire to recreate reformism on a significant scale in this period of >time would be to turn the clock back and recreate a parochial bourgeoisie. > >Greg Schofield >Perth Australia > > > > > > > > > >--- Message Received --- >From: Chris Burford <[EMAIL PROTECTED]> >To: [EMAIL PROTECTED] >Date: Tue, 13 Nov 2001 07:31:29 + >Subject: [PEN-L:19564] Victory to Empire > > Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

comic relief

2001-11-11 Thread Jim Devine
In response to a conversation about a new automobile (called the Pod, I believe) that is highly computerized and talks to the driver, my 11-year-old son Guthrie said: "It's HAL on wheels!" Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Re: America is losing the battle for hearts and minds

2001-11-11 Thread Jim Devine
>Donald Rumsfeld, the defence secretary, told a news conference in India this week that the war would not take years. The week before, at a briefing in the Pentagon, he had compared the bombing of Afghanistan to that of Japan in the second world war, the point being that the latter had taken more

U.S. opposition

2001-11-11 Thread Jim Devine
tics are even OK in the matter of airport security: Democrats want to federalize airport screeners, while Republicans prefer to subcontract the job to private companies [for more, see: http://www.latimes.com/news/printedition/suncommentary/la-90118nov11.sto ry?coll=la%2Dheadlines%2Dsuncomment] Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Re: Bringing back torture

2001-11-11 Thread Jim Devine
Chris Burford writes: >Torture was especially used in Europe from the middle ages at the time of the rising bourgeois state. It is interesting that it is becoming a credible need at a time of turbulence in the creation of the international Empire.< I'm not sure that this historical analogy works.

Re: please post this notice about the Nov-Dec issue of CD to your e-mail list. Thanks

2001-11-10 Thread Jim Devine
Title: please post this notice about the Nov-Dec issue of CD Cy should have also mentioned that I have a piece in the next issue of Canadian Dimension.   - Original Message - From: Cy Gonick To: [EMAIL PROTECTED] ; [EMAIL PROTECTED] ; [EMAIL PROTECTED] ; [EMAIL PROTECTED]

multiple-choice test

2001-11-09 Thread Jim Devine
t Robertson. c) the World Trade Organization's leading decision-makers. d) Rupert Murdoch and the board of directors of News Corp. e) the fashion industry. f) all of the above. g) none of the above. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Re: Re: BLS Daily Report

2001-11-02 Thread Jim Devine
an in the lead-up to the previous crisis, when >deflation was more severe. Nor does its financial system look significantly >more exposed (thanks largely to a currency that is only partially >convertible). Goldman Sachs reckons that the most vulnerable financial >systems are in Malaysia, Taiwan, Thailand and Indonesia. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine NTMail K12 - the Mail Server for Education

Re: BLS Daily Report

2001-11-02 Thread Jim Devine
at 0.3 percent. What is new here is > > that deflation is spreading from the industrial world to consumers. hey, cool! we can see if Irving Fisher's debt-deflation theory of depressions works. I hope it doesn't. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine NTMail K12 - the Mail Server for Education

strategic notes on the ongoing war

2001-11-01 Thread Jim Devine
ed by political pressure on states which support them. Trying to oust the Taliban by force is a sideshow which has turned hundreds of thousands into refugees, and disrupted aid. Even if, like the war on Milosevic, it were to succeed after 78 days, al-Qaida would still be at large and fighting on. [EMAIL PROTECTED] Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: kick the oil habit!

2001-11-01 Thread Jim Devine
At 05:30 PM 11/1/01 -0500, you wrote: >The Day The World Came To Its Senses? >By Bill Moore >October 07,2001 it looks like Shell wants to monopolize the supply of non-oil energy sources before they take hold... Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

kick the oil habit!

2001-11-01 Thread Jim Devine
gic environment that the public can help bring about. We need worry no more about the Gulf than we do about the Costa Brava. · Dan Plesch is senior research fellow at the Royal United Services Institute. This is an edited version of his contribution to Tuesday's Guardian-RUSI conference. [EMA

Re: Imperialism? Yes, please....

2001-11-01 Thread Jim Devine
resistance. These days, with nationalism discredited for many, religious-fundamentalist and ethnic radicalism seem to prevail. In other words, the imposition of a world state causes a movement against that state. If we're lucky (i.e., if there's a break from the current trend),

Re: Re: Re: Re: RE: A sharp V-shaped economic downturn and recovery?

2001-10-30 Thread Jim Devine
At 04:13 PM 10/30/01 -0500, you wrote: >Jim Devine wrote: > >>what did he [Minsky] say? I can imagine he said that Fisher's >>debt-deflation depression couldn't occur nowadays. He may still be right. > >It's been ages since I read it, and my copy is in st

Re: Re: RE: A sharp V-shaped economic downturn and recovery?

2001-10-30 Thread Jim Devine
Doug wrote: >Jim Devine wrote: > >>Fisher's theory appears in Fisher, Irving. 1933. The Debt-Deflation >>Theory of Great Depressions. Econometrica 1: 337-57. It was also >>published as a book. This theory has appeared in orthodox mainstream >>textbooks, b

RE: A sharp V-shaped economic downturn and recovery?

2001-10-30 Thread Jim Devine
esearch in Political Economy. vol. 14: pp. 119-194.] See also my 1983 article "Underconsumption, Over-Investment, and the Origins of the Great Depression." Review of Radical Political Economics. 15(2): 1-27. Jim Devine [EMAIL PROTECTED] &  http://bellarmine.lmu.edu/~jdevine

Fwd: Re: A sharp V-shaped economic downturn and recovery?

2001-10-30 Thread Jim Devine
I thought I was sending this to pen-l, but it was only to Sabri. Pen-l may be interested. >Date: Tue, 30 Oct 2001 11:47:40 -0800 >To: Sabri Oncu <[EMAIL PROTECTED]> >From: Jim Devine <[EMAIL PROTECTED]> >Subject: Re: A sharp V-shaped economic downturn and recovery? >

Tuvalu and global warming

2001-10-29 Thread Jim Devine
nd agree a global solution to climate change. Andrew Simms works for the New Economics Foundation and is writing a book about ecological debt. [EMAIL PROTECTED] Guardian Unlimited © Guardian Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: A sharp V-shaped economic downturn and recovery?

2001-10-29 Thread Jim Devine
o that Federal debt could all be repaid. Such an >extrapolation involved >a similar one for the private sector deficit. Technological revolutions, of >their nature, >are inherently unstable. The 19 th century history shows that they cause >long cycle >large fluctuations, not merely in output but also in prices. >There is nothing new in my analysis. But until now it has made me seem a >prophet of >doom - predicting a serious V-shaped US recession when the consensus denied >the >possibility. The danger now is that the consensus may become paranoid, >seeing >dangers of depression as in the short term the situation turns out worse >than currently >expected. But now is the time to be optimistic. The adjustment will be >painful, but the >prospects thereafter are exciting. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Japanese Liquidity Trap

2001-10-29 Thread Jim Devine
bag. Every morning, she checks > electricity and gas-meter readings and marks them on a wall > calendar. When she noticed water bills were high, she screwed > down the main water tap. This year, she threw out the old > television set, and hasn't replaced it. > > The Kawamotos have worked out a lifelong-savings plan, > plotting out income and expenses through 2023, but it doesn't > look pretty. They will soon have two children in college, but > Mr. Kawamoto's income isn't rising as expected, as the > strapped local government tightens spending. That will leave > them 5.5 million yen shy of the 30 million yen nest egg they > hoped to have by 2012, when Mr. Kawamoto wants to retire, > buy a little house in the country and try his hand at farming. > Already, the Kawamotos have amended their savings plan, by > expunging all the expenditures in the "pleasure" category until > 2006. > > And so it is that in Japan, a land once notorious for its $100 > melons and $6 cups of coffee, some people pine for the old > days of rising prices. Mr. Kawamoto, gazing out at his garden, > notes how his property's value has fallen back to nearly what > he paid for it in 1975. "It's easier to use money when prices > are high, because whatever assets you have, they're going up," > he says. > > Write to Phred Dvorak at [EMAIL PROTECTED] > > >-- > >Michael Perelman >Economics Department >California State University >[EMAIL PROTECTED] >Chico, CA 95929 >530-898-5321 >fax 530-898-5901 Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Aziz on Iraq

2001-10-29 Thread Jim Devine
se stockpiles don't exist or are trivial. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: warm regards

2001-10-26 Thread Jim Devine
on is akin to Keynes, seeing no automatic solutions, with socialist revolution as only a potential, one that may never be achieved. Actual political organizing, etc., is needed. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Cold War II

2001-10-25 Thread Jim Devine
in case anyone was wondering, the think-piece on the new Cold War was by me. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: dirty laundry

2001-10-24 Thread Jim Devine
nomics Department >California State University >Chico, CA 95929 > >Tel. 530-898-5321 >E-Mail [EMAIL PROTECTED] Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

banking queries

2001-10-24 Thread Jim Devine
when was the US system of postal savings accounts abolished? why? (When did it arise?) when did the US savings & loan system arise? why did credit unions become popular and when? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Re: Re: Re: jim d's underconsumptionism

2001-10-24 Thread Jim Devine
ng capitalized obviously does not mean that >capitalist consumption need drop in absolute terms. grossmann's idea however >was that long before the mass of surplus value began to fall in absolute >terms, >capitalists would suffer a decline in their consumption fund. This would be >enough to provoke crisis and intensified class war. I wasn't talking about Grossman, but about Sweezy & Bauer. If Grossman's story is dependent on the assumption that the OCC rises steadily over time, it's got serious problems. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Re: jim d's underconsumptionism

2001-10-24 Thread Jim Devine
also don't understand the Sweezy/Bauer assumption that "an increasing proportion of surplus value tends to be accumulated and an increasing proportion of accumulation tends to be invested," (p. 187). In my theory, in some historical eras, it's the rate of surplus-value tha

Re: jim d's underconsumptionism

2001-10-24 Thread Jim Devine
onsumptionism in >Theory of Capitalist Development... Family resemblance, yes, but since I read Sweezy & criticized his view, I avoided some of his mistakes. See, for example, my critique of Baran & Sweezy and the whole MONTHLY REVIEW view of the time (i.e., up to the early 1980s) in my 1983 REVIEW OF RADICAL POLITICAL ECONOMICS. Also, as noted above, the underconsumption cases are not the _only_ reasons for crises under capitalism. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Conditions and the Taliban

2001-10-23 Thread Jim Devine
s the fragmentation of the mujahideen post-1992). But Najibullah held out for another three years ... < It's important to remember that (1) the Kabul regime increasingly draped itself in orthodox Islamic symbols while retreating from its modernist program and (2) the various anti-government factions started fighting amongst themselves. This helps explain why Najibullah held out for three years. Summary: In addition to "foreign affairs" elements (e.g. the Cold War contention of the two superpowers or the current effort by the US power elite to create a world government in its image), if we want to understand an event like the recent wars in Afghanistan, we have to look at class, ethnicity, and the like inside the country. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: late colonialism

2001-10-23 Thread Jim Devine
y >significant as the Caspian." But the oil and gas there is worthless >until it is moved. The only route which makes both political and >economic sense is through Afghanistan. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: query: Engels & anthropology

2001-10-23 Thread Jim Devine
ill find that she has >discovered the missing dialectic in the equal exchange of necessary >labour ... Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- K. Marx, paraphrasing Dante A.

Re: Conditions and the Taliban

2001-10-23 Thread Jim Devine
ard Nixon, that bequeathed the world Pol Pot (supported >throughout the 1980s by the US, UK and China) also gave us the very same >Taliban and an utterly destabilised and now nuclear Pakistan. > >All of which is to say, there was no "Russo-Afghan war". still, there was a lot of fervor on the part of many Afghans against the modernizing Afghan government and their Russian allies. Many Afghans died as a result (along with lots of Russians). It wasn't just the US elite pulling strings. The war wasn't just a campaign in the broader Cold War. Similarly, the Vietnamese weren't puppets of the Russians and the Vietnam war wasn't just a campaign in the broader Cold War. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

query: Engels & anthropology

2001-10-22 Thread Jim Devine
seems to be a bit too hagiographical.) Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

the ECONOMIST on the slump

2001-10-22 Thread Jim Devine
hten fiscal policy. Economies such as Japan and Europe, which still have room for monetary or fiscal easing, would be wise to use it. Low inflation and budgetary discipline are fine long-term goals, but they are best put aside when the world economy is flirting with such a deep recession. Copyr

Greenspan translated

2001-10-22 Thread Jim Devine
1929 and 1973 - when the prevailing economic orthodoxy is challenged. It means that politicians are going to be a lot more wary about handing over power to market forces (and central banks, for that matter). And it means my reputation is firmly on the line. "Now turn that machine back on and make sure this is turned into the usual nonsense." [EMAIL PROTECTED] Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

quote du jour

2001-10-22 Thread Jim Devine
om/code/TodaysPapers/TodaysPapers.asp). Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Conditions and the Taliban

2001-10-22 Thread Jim Devine
will survive, perhaps as two or three different guerilla groups (that hate each other). Of course, my predictions regularly turn out to be wrong. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Fwd: Who's Who?

2001-10-22 Thread Jim Devine
weakness of violence is that it is a descending spiral, >begetting the very thing it seeks to destroy... Through violence you may >murder the hater, but you do not murder hate. >-- Dr. Martin Luther King, Jr. > >Killing for peace is like fucking for virginity. >-- Vietnam era antiwar slogan Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Fwd: terrorists at work.

2001-10-22 Thread Jim Devine
fourth cell member, Bin Workin. Police are confident that anyone who looks like Bin Workin should be easy to spot, and employees are asked to look for and report any sightings.<< Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

more crisis theory.

2001-10-19 Thread Jim Devine
to see why it may not tend to increase sufficiently. < I don't know of anyone who thinks that the rate of exploitation would decrease secularly. Any tendency for this to happen would be counteracted with what's crudely called a "capital strike." Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Re: Re: Re: Re: Discussion of Empire, 26.10.01

2001-10-19 Thread Jim Devine
ring the 1920s in the US, when labor productivity in manufacturing soared relative to real wages? that's an "excessive sufficiency" of surplus-value in production. > Erik Olin Wright understood this well. where? >And Jim if you say that crises can be caused by any one of multiple >factors, I don't see how you have a theory of crisis any more. We might as >well read the WSJ. You clearly didn't read what I wrote. Again, go look at the 1994 RESEARCH IN POLITICAL ECONOMY article. It appears at: http://bellarmine.lmu.edu/Faculty/JDevine/subpages/depr/d0.html or http://bellarmine/~Jdevine/depr/d0.html. I hope that the insulting reference to the WSJ also helps counteract the insulting suggestion that I support ObL. With luck, all insults cancel out. For me, they simply indicate the quality of those who use them. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: capturing ObL

2001-10-19 Thread Jim Devine
who is Eric Rudolph? At 11:47 AM 10/19/01 -0700, you wrote: >I wonder if capturing Eric Rudolph would be good practice when the U.S. in >locating ObL? >-- >Michael Perelman >Economics Department >California State University >Chico, CA 95929 > >Tel. 530-898-5321 >

Re: Re: Re: Re: Discussion of Empire, 26.10.01

2001-10-19 Thread Jim Devine
lmu.edu/~jdevine/depr/D0.html. Section 1 (d1.html) is where I deal with crisis theory in general. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: frontiers of free enterprise

2001-10-19 Thread Jim Devine
true believers in the War Against Terrorism. (WAT?) Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

frontiers of free enterprise

2001-10-19 Thread Jim Devine
read the newest stuff from pen-l. and people say that ObL is the big problem. ;-) Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

US on a limb

2001-10-18 Thread Jim Devine
raelis once hounded Adolf Eichmann. With quiet police work, not noisy war work. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: RE: Re: RE: Nobel Laureate Encourages Global Justice Movement

2001-10-18 Thread Jim Devine
duced. But if they are, the Walras-Arrow-Debreu model falls apart, since it can't handle having more than one different kind of "imperfection." So even though the "efficiency" wage theory makes some sense, the W-A-D framework that it's used in should be

Re: Re: Globalization and the Arab world

2001-10-18 Thread Jim Devine
Of course, Berlusconi's power is limited by the Italian working-class and by competition within the capitalist class, whereas ObL's power is limited only by the amount of resentment with and disgust at the targets of his ire and the amount of mindless faith he can use. BTW, today

Re: RE: Nobel Laureate Encourages Global Justice Movement

2001-10-18 Thread Jim Devine
NC economics). It would not shift the supply-of-labor curve. Of course, I don't believe in the theory presented above. Some other time, I'll give my take on this issue. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

traditional values

2001-10-05 Thread Jim Devine
11 attack survivors should not aid surviving members of gay partnerships.< Jim Devine [EMAIL PROTECTED] &  http://bellarmine.lmu.edu/~jdevine

Edward Said

2001-10-05 Thread Jim Devine
has turned to the same "Orientalist" language he's spent his career attacking. For example, he recently derided the terrorists for their "primitive" ideas, "magical thinking," and "lying religious claptrap." < is this true? Jim Devine [EMAIL PROTECTED] &  http://bellarmine.lmu.edu/~jdevine

Re: The commoner on the war

2001-10-05 Thread Jim Devine
d an article by Michael Perelman. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Re: New economy bull

2001-10-05 Thread Jim Devine
, you wrote: >In which theory?? the one that is put forth in the media and the textbooks. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: New economy bull

2001-10-05 Thread Jim Devine
to help Main Street, not Wall Street. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: A request and a suggestion.

2001-10-05 Thread Jim Devine
At 11:07 AM 10/5/01 -0400, you wrote: >the question i have for michael perelman is: do economics professors >and theorists usually frequent lap dancers? ;-) I never inhaled. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: fiscal policy

2001-10-05 Thread Jim Devine
make banks reluctant to generate loans. "If that happens," Zandi said, "the problems for the economy are going to grow very deep." for the rest, see: http://www.latimes.com/business/la-100501debt.story >>are they assuming that monetary policy will finally work? >> >>or that the mythical self-curative forces of the market will work? the last refers to the effects of falling prices, which are likely to spur a deeper recession (as debt loads get worse). Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

fiscal policy

2001-10-04 Thread Jim Devine
ive forces of the market will work? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: RE: Re: Re: Re: Greider and Takings Ideology

2001-10-04 Thread Jim Devine
tes a self-perpetuating system of transportation >class segregation in the U.S. I think this has a lot more to do with the >alleged aversion of Americans to mass transit than the "love of the >automobile". absolutely! Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Re: Re: Re: Did class distinctions aid the bombing

2001-10-04 Thread Jim Devine
t get rid of the "racist tone." BTW, it may not be a "racist tone" at all, since for many young white folks, rapper-types are admired. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: New economy bull

2001-10-04 Thread Jim Devine
sn't have them. In any event, unwanted inventory accumulation (general overproduction) is a symptom more than a cause of economic problems. BTW, some economists argue that even service-providers _in effect_ have inventories. "Excess supply in a service industry will show up as excess capacity [e.g., unused airplanes] or as 'inventory' of underutilized employees." -- Baily & Friedman, MACROECONOMICS, 2nd ed, p. 66. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Re: Greider and Takings Ideology

2001-10-04 Thread Jim Devine
ignore social difference by driving to work there to the well-protected >parking lots from the toney suburbs. right. Profs wouldn't take public transportation and would drive in from the suburbs. Those who live in Hyde Park would drive through the DMZ. why "endangered

Re: Informed opinion?

2001-10-04 Thread Jim Devine
l of Economics and the author of The World at 2000 he used to get published in the NEW LEFT REVIEW a lot. He seems to have "gone establishment." If I remember correctly, he was one of those who was unhinged when the USSR fell, since he admired that country to some extent. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Greider and Takings Ideology

2001-10-04 Thread Jim Devine
_cordon sanitaire_ to protect the whites. This probably reinforced the normal academic propensity to engage in ivory-tower thinking. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: 'globalisation' of beaks and peepers

2001-10-04 Thread Jim Devine
sserted that scientists somehow created Goddie in the lab. At the end, it turns out that "there's a little bit of Godzilla in all of us.") Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Attack today?

2001-10-04 Thread Jim Devine
s them in a permanent state of alert (and fear), which isn't justified until the end. Or at least that is the theory. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

STRATFOR

2001-10-04 Thread Jim Devine
Eerily reminding me of old pen-l discussions of the US/NATO war against Serbia, today as I was driving into work, US NPR quoted the spooky STRATFOR's leader for information about US psychological warfare against Afghanistan. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

pen-l standards

2001-10-03 Thread Jim Devine
Doug and I asked Michael Perelman about what the standards are for shutting off discussions on pen-l. Now, I ask Doug: what are your rules for lbo-talk? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Re: Re: Re: Evidence against bin Laden

2001-10-03 Thread Jim Devine
I wrote: >US NPR said this morning that ObL _wants_ to be a >martyr... >What, did they talk to OBL on the phone? it's probably based on "on dit" evidence (i.e., rumor). But it sounds like a plausible possibility. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Event Studies

2001-10-03 Thread Jim Devine
excessive debt), even with negative real interest rates, so that spending won't respond (the "vertical IS curve" situation). Nor does he bring in the possible problem of credit rationing, in which banks refuse to lend, no matter what the interest rate. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Evidence against bin Laden

2001-10-03 Thread Jim Devine
Islamic fundamentalism as a force to mobilize people to engage in terrorism. In fact, it might easily create martyrs (and US NPR said this morning that ObL _wants_ to be a martyr), encouraging an even stronger movement in the future. Israeli assassinations of Palestinian leaders has not been a succ

Fwd: RE: Re: RE: Evidence against bin Laden

2001-10-03 Thread Jim Devine
>Date: Wed, 03 Oct 2001 08:04:08 -0700 >To: "Austin, Andrew" <[EMAIL PROTECTED]> >From: Jim Devine <[EMAIL PROTECTED]> >Subject: RE: [PEN-L:17980] Re: RE: Evidence against bin Laden > >At 07:47 AM 10/03/2001 -0500, you wrote: >>The Taliban is a >&

Re: Re: Re: RE: Re: RE: Evidence against bin Laden

2001-10-03 Thread Jim Devine
e economists? > >I don't get what your standards are, Michael. More transparency, please! > >Doug Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Re: What happens if they purge us from the antiglobalization movement?

2001-10-03 Thread Jim Devine
enemies — >communists proclaiming an anti-American jihad — will be right there in front >of the Washington Monument on Saturday? aren't you glad that Osama bin Laden's brand of simplistic and bloody thinking is taking hold amongst the pundits? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Prozac

2001-10-02 Thread Jim Devine
g lag time. Further, there is an immediate placebo effect. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine "Is it peace or is it Prozac?" -- Cheryl Wheeler. NTMail K12 - the Mail Server for Education

Re: RE: Evidence against bin Laden

2001-10-02 Thread Jim Devine
, financial linkages nailed down, etc. The case look certain. "look[s] certain"? So let's bomb Afghanistan? Have you volunteered to join the Air Force yet? are you going to put your money where your mouth is? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine NTMail K12 - the Mail Server for Education

Re: The Guardian and MI5

2001-10-02 Thread Jim Devine
e media) while being extremely careful not to believe everything they say. BTW2, what is PRIVATE EYE's connection with the intelligence goons? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine NTMail K12 - the Mail Server for Education

Re: Guardian state - identity cards

2001-10-02 Thread Jim Devine
incorrect information out of one's credit record. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

war against the weak

2001-10-01 Thread Jim Devine
derstand that in the current climate, it is better safe than sorry. The question the current plans raise is who will really be safe, and who will just be sorry. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: comments, please

2001-10-01 Thread Jim Devine
orrelated with the misery index: when profit rates fall, the degree of stagflation rises. See my "Rising Profits and Falling Inflation: An Empirical Study," Review of Radical Political Economics, 32(3), 2000: 398-407. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Re: Successful Anti-war demonstration in Chico

2001-10-01 Thread Jim Devine
hard to get to as a town up in the mountains, since the traffic is so bad. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: When causality becomes a toy of the powerful

2001-10-01 Thread Jim Devine
ould have ended anyway, since the slump in cotton demand was coming anyhow. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

more on 911's impact

2001-10-01 Thread Jim Devine
0s who contacted >several women he was dating casually, all of whom he has had sex with >since the attacks. 'Usually there are girls where you say she's not my >type. Everything was my type all of a sudden.'" sales of Prozac are also up. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Fwd: News: Bin There

2001-10-01 Thread Jim Devine
on the front page of the TIMES? And does the king really want to leave Rome? does anyone know anything about the king? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Capitalism's ethic is "grow or die."

2001-10-01 Thread Jim Devine
ide) or by bottlenecks in labor-power or natural-resource or (in the short run) fixed capital-goods markets or environmental disasters (on the supply side). Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Guardian state

2001-10-01 Thread Jim Devine
7;s do logistics first. white-faced? meaning Caucasian? or scared? Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Fwd: Re: Capitalism's ethic is "grow or die."

2001-09-30 Thread Jim Devine
y to delay the inevitable) are >desperately trying to separate their fortunes from that of the oil industry >with electric and fuel cell vehicles. Of course, the internal combustion >engine is a known profit-maker (for all kinds of reasons), so they will not >rush to alternatives any faste

Re: Re: Re: Bombing Afghanistan...

2001-09-26 Thread Jim Devine
onal message" that I forwarded to pen-l that suggested that bin Laden is much richer & more powerful than Taliban is, so that they couldn't throw him out & turn him over to the US if they wanted to. Of course, they would never admit this powerlessness. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Defining Recession

2001-09-25 Thread Jim Devine
t; is a recent euphemism. Apropos of nothing, I remember that I told pen-l's Brad deLong that it was possible -- quite possible -- that a "soft landing" could become a recession if and when the accelerator effect (the discouragement of real fixed investment by slow or falling GDP) kicked in. He pooh-poohed me. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine

Re: Krugman moves to England

2001-09-24 Thread Jim Devine
economics in a chapter toward the end, treating it as a special case, in the imaginary world (as he saw it) where prices don't adjust instantaneously so that "new classical economics" don't apply. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

query

2001-09-24 Thread Jim Devine
. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

Re: Re: Re: Not good

2001-09-24 Thread Jim Devine
ion. It _would_ be better for US workers (and minorities, who are typically "last hired & first fired") to have unemployment falling rather than rising. A big issue is whether that situation is sustainable, without a large-scale war and deficit spending. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

viruses

2001-09-24 Thread Jim Devine
It's a strange day when I seem to get more e-mail messages (from "Tony Theriault") with viruses (viri?) attached than I get pen-l messages... Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine

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