>Perhaps plutocratic dictatorship, or plutocracy is better.<
when I see the word "plutocracy," I am reminded of two things:
(1) Years ago, I read an article in the PROCEEDINGS of the U.S. Navy
Institute that labeled the U.S. system using this word. Was this a move in
the direction of increasing
On Thursday, April 18, 2002 at 11:14:50 (-0400) Charles Brown writes:
>...
>CB: In using your model, I would say that even though there is a
>partially democratic hierarchy in the U.S. governments, the
>totalitarian corporate system rules the U.S. governments
>substantially, such that the U.S. sys
> Why does a large firm like Ford have many different factories
> which exchange commodities (e.g. car parts) with each other but
> without using the market?
Interestingly enough, Toyota, always rated one of the most 'efficient' and
'profitable' of the Japanese automakers is th
Sabri must have looked at my office.
On Wed, Apr 17, 2002 at 08:43:10PM -0700, Sabri Oncu wrote:
> > Shut them down, too. -- JD
> >
> >> Well, Ian wants to close the business schools
> >> and I want to shut down economics departments.
> >> What do you all think of Anthropology?
> >>
> >> Gene
>
> Shut them down, too. -- JD
>
>> Well, Ian wants to close the business schools
>> and I want to shut down economics departments.
>> What do you all think of Anthropology?
>>
>> Gene
How about shutting the entire academe down. The current condition
of academe is a complete mess. It is like an "o
Shut them down, too. -- JD
-Original Message-
From: Eugene Coyle
To: [EMAIL PROTECTED]
Sent: 4/17/02 7:06 PM
Subject: [PEN-L:25087] Re: Re: Re: Binary scheme of democracy and centralism
Well, Ian wants to close the business schools and I want to shut down
economics
departments. What
CTED]>
> Sent: Tuesday, April 16, 2002 8:30 PM
> Subject: [PEN-L:25023] Re: Binary scheme of democracy and centralism
>
> > Michael writes:
> >
> > > You are absolutely correct.
> > >
> > > "Devine, James" wrote:
> > >
&g
There's a bit of the TC approach in John Commons as well..
Ian
- Original Message -
From: "Michael Perelman" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Tuesday, April 16, 2002 10:07 PM
Subject: [PEN-L:25027] Re: Re: Binary scheme of democracy and
Transactions cost economics -- this will be brief after 6 hours of
classes, 2 hours at the gym -- starts with Ronald Coase, who explains that
firms arise to minimize the cost of negotiating via markets, say by
writing a contract with specific requirements. Robertson refered to firms
as islands of
Jim writes on Williamson:
> I concluded that there was basic conflict between
> capitalists and workers at the center of his theory.
> Capitalists were striving to attain the collective
> good for all that worked for the corporation, while
> disgruntled workers were mere free riders, undermining
- Original Message -
From: "Sabri Oncu" <[EMAIL PROTECTED]>
To: "PEN-L" <[EMAIL PROTECTED]>
Sent: Tuesday, April 16, 2002 8:30 PM
Subject: [PEN-L:25023] Re: Binary scheme of democracy and centralism
> Michael writes:
>
> > You are absol
Michael writes:
> You are absolutely correct.
>
> "Devine, James" wrote:
>
>> My impression is that Williamson studies non-market
>> institutions in order to show that corporate hierarchies
>> are a good thing.
I don't know whether he studies market or non-market institutions
but other than that
You are absolutely correct.
"Devine, James" wrote:
> My impression is that Williamson studies non-market institutions in order to
> show that corporate hierarchies are a good thing.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mai
Sabri writes:>There is an interesting book by Oliver Williamson that I
bought a while ago but have not read yet. It is entitled something like
"Institutions of Capitalism" or some such name. He is the founder of this
"transaction costs economics" and will most likely receive a Noble [sic!]
Prize i
> CB: Is this corporate hierarchy a bureaucracy too ?
Sure Charles. This one is bureaucracy at its worst. Do you have
any doubts? If you do, I strongly recommend that you seek
employment with, say, Goldman Sachs Asset Management, Barclays
Global Investors, Merrill Lynch Investment Management, Put
> And just who was the fool who hired the MDIT?
> Who was the fool who assigned her the task of
> search and implementation? Why are they not
> gone?
>
> Ian
They were the ones who possessed the centralized power. They are
not gone because we, who worked under them, way below the
- Original Message -
From: "Sabri Oncu" <[EMAIL PROTECTED]>
> Hey Ian,
>
> In the world of finance, what you said is called "saving ass" or
> "ass saving", depending on which one you like more. If you are
> someone with some authority and have those below you with lots of
> responsibility
> To protect the leadership. It's called the musical
> chairs theory of unaccountability.
>
> Ian
Hey Ian,
In the world of finance, what you said is called "saving ass" or
"ass saving", depending on which one you like more. If you are
someone with some authority and have those below you with lot
- Original Message -
From: "Sabri Oncu" <[EMAIL PROTECTED]>
To: "PEN-L" <[EMAIL PROTECTED]>
Sent: Monday, April 15, 2002 3:11 PM
Subject: [PEN-L:24950] Re: Binary scheme of democracy and centralism
> Miyachi wrote:
>
> > Fro
Miyachi wrote:
> From the viewpoint of Stalinism, the content of
> centralization of power is not considered as a pair
> of centralization of leadership and decentralization
> of responsibility, but only centralization of leadership
> has been put forward.
Dear Miyachi,
I have served at a few o
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