Re: Re: Moses and Monetarism

2000-06-08 Thread Jim Devine
(Stick a fork in it (or in me). I think this thread is done.) I wrote: > > I didn't say that "a single abstraction" could do so. Tom Walker writes: >Why do I get the feeling that your favorite tropes are "I didn't say" and >"what you said implies . . ." On the first, communication is very impor

Re: Re: Re: Re: Re: Moses and monetarism (fwd)

2000-06-08 Thread JKSCHW
Rorty, an old teacher of mine, views himself as a left liberal. His Achieving Our Country is advertised as a way of rethinking reformist (we might say) politics. He writes for Dissent. He is an anti-Marxist, but that is not enough to make you not on the left. Dewey was an advocate of worker con

Re: Re: Re: Re: Re: Moses and monetarism

2000-06-08 Thread Rob Schaap
Hi again, Jim, Sed I: >>I'd've thought you could make a case for a logical, empirically tenable >>methodology that allows for what a symbol/institution/action might mean in >>the context of its day, or of any particular time and place?! Sed you: >I'm not sure what that has to do with literary

Re: Moses and Monetarism

2000-06-07 Thread Timework Web
Jim Devine wrote, > I didn't say that "a single abstraction" could do so. Why do I get the feeling that your favorite tropes are "I didn't say" and "what you said implies . . ." > I agree with Levins & Lewontin, in their DIALECTICAL BIOLOGIST, that > neither the whole not the parts have ontolog

Re: Re: Re: Re: Moses and monetarism (fwd)

2000-06-07 Thread md7148
Justin, Please see my reply to Tom Walker where I both criticize hermeneutics and empiricism. btw, to my knowledge, Richard Rorty has nothing do with left. He is a new pragmatic following the footsteps of Dewey... thanks, Mine >Mine, >I am actually a "philosophy person"--used to be a phi

Re: Re: Moses and Monetarism

2000-06-07 Thread Jim Devine
i wrote: > > Some sort of abstraction is needed if you believe that the macroeconomy > > is more than the sum of its parts. The measure of aggregate demand is an > > abstraction, but without it one is stuck with a pre-Keynesian vision of > > the world (which basically saw the macroeconomy as the m

Re: Moses and Monetarism

2000-06-07 Thread Timework Web
Jim Devine wrote, > Some sort of abstraction is needed if you believe that the macroeconomy > is more than the sum of its parts. The measure of aggregate demand is an > abstraction, but without it one is stuck with a pre-Keynesian vision of > the world (which basically saw the macroeconomy as the

Re: Moses and monetarism (fwd)

2000-06-07 Thread Jim Devine
Christian wrote: >As for PC [the Phillips Curve], Jim said its empirical data waiting for a >theory. Certainly. But it's not treated as such, generally--least of all >by people like Greenspan and Co., who treat it as a full blown theory that >needs to be disproved... Frankly, I think that once

Re: Re: Re: Re: Moses and monetarism (fwd)

2000-06-07 Thread christian a. gregory
> 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

Re: Re: Moses and Monetarism

2000-06-07 Thread Jim Devine
I wrote: > > But when real GDP grows quickly (and unemployment falls), that represents a > > _general_ increase in aggregate demand. Tom Walker writes: >Aggregate demand is a reification. An increase in the aggregate of demand >would, except by a fluke, also change the relative weights of demand

Re: Re: Re: Re: Moses and monetarism

2000-06-07 Thread Jim Devine
At 01:25 PM 6/7/00 -0700, you wrote: >Robert Leeson has shown that Phillips' work lay dormant until Samuelson >and Solow popularized it is a way to give a the Democratic presidential >campaign cover to show that Keynesian-inspired Democratic policies would >not create runaway inflation. That m

Re: Re: Re: Moses and monetarism

2000-06-07 Thread Michael Perelman
Robert Leeson has shown that Phillips' work lay dormant until Samuelson and Solow popularized it is a way to give a the Democratic presidential campaign cover to show that Keynesian-inspired Democratic policies would not create runaway inflation. I think the reference can be found in Leeson. Robe

Re: Moses and Monetarism

2000-06-07 Thread Timework Web
Jim Devine wrote, > But when real GDP grows quickly (and unemployment falls), that represents a > _general_ increase in aggregate demand. Aggregate demand is a reification. An increase in the aggregate of demand would, except by a fluke, also change the relative weights of demand for different c

Re: Re: Re: Re: Moses and monetarism (fwd)

2000-06-07 Thread JKSCHW
Mine, I am actually a "philosophy person"--used to be a philosophy professor before I was a lawyer. Although I do not necessary share the vehemence of the rejection of (the very different, as you remark) approaches of deconstruction or hermeneutics, I am fairly suspicious of their value when

Re: Re: Moses and monetarism (hermeneutics)

2000-06-07 Thread Jim Devine
I wrote: > > I'm not sure what that has to do with literary criticism (which is > basically supposed to help us understand the fiction we read).< Tom Walker writes: >I wish I could remember who it was who referred to Marx as an heir to the >intellectual tradition of Swabian Pietism. wasn't it

Re: Re: Moses and Monetarism

2000-06-07 Thread Jim Devine
[Tom Walker's] theory: bottlenecks not tides >Inflation happens because industries have discrete requirements for specific kinds of labour and other inputs, not continuous requirements for generalized inputs. < But when real GDP grows quickly (and unemployment falls), that represents a _gene

Re: Re: Re: Re: Moses and monetarism (fwd)

2000-06-07 Thread md7148
>I'm not sure what that has to do with literary criticism (which is >basically supposed to help us understand the fiction we read). It is true >that the meaning of a theory varies with context, but that says we have >to >be very clear by what _we_ mean by the theory. The sociology or >psycholo

Re: Re: Re: Moses and monetarism (fwd)

2000-06-07 Thread md7148
> >>References to hermeneutics and deconstruction don't convince me. I've never >>been into that kind of lit crit sh*t. I prefer logic, empirical research, >>and the philosophy of science (methodology). If there would be a philosophy or literature person here, s(he) would *really* be pissed, n

Re: Moses and monetarism (hermeneutics)

2000-06-07 Thread Timework Web
Jim Devine wrote, > I'm not sure what that has to do with literary criticism (which is > basically supposed to help us understand the fiction we read). I wish I could remember who it was who referred to Marx as an heir to the intellectual tradition of Swabian Pietism. Critical theory refers not

Re: Moses and Monetarism

2000-06-07 Thread Timework Web
Jim Devine wrote, > To beat an empirical generalization, you have to show that the data can > be explained better by another generalization or a different deductive > theory, i.e., show that the correlation isn't based on any reasonable > causation that it is instead is an accident which can be e

Re: Re: Re: Re: Moses and monetarism

2000-06-07 Thread Jim Devine
I wrote: > >References to hermeneutics and deconstruction don't convince me. I've > never been into that kind of lit crit sh*t. I prefer logic, empirical > research, and the philosophy of science (methodology).< Rob writes: >Strong words, Jim! that's what pen-l is for. >I'd've thought you co

Re: Re: Re: Moses and monetarism

2000-06-07 Thread Rob Schaap
>The only way to beat the PC is by developing a better theory. > >>BTW, this is not something I dreamed up by myself. There is a rich >>literature on it ranging from critical theory to hermeneutics to >>deconstruction. > >References to hermeneutics and deconstruction don't convince me. I've nev

Re: Re: Moses and Monetarism II

2000-06-07 Thread Jim Devine
At 04:37 PM 06/06/2000 -0700, you wrote: >I can't help mentioning an article that I view as the classic statement >of the moral sentiment underlying NAIRU, J. Laurence Laughlin's "The >Unions Versus Higher Wages," _Journal of Political Economy_, Vol. 14, >Issue 3 (March 1906) pages 129-142. How c

Re: Re: Moses and monetarism

2000-06-07 Thread Jim Devine
I wrote: > > In a passage which seems to summarize his message, Tom Walker > wrote: >>The NAIRU story and the Phillips curve story make sense if one > assumes that capital's brief is efficiency and labour's is waste.<< > > > Tom, that sure seems like you're mixing normative concepts (efficiency)

Re: Re: Re: Moses and monetarism

2000-06-07 Thread Jim Devine
I had written: > > > 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??"<<

Re: Moses and Monetarism II

2000-06-06 Thread Timework Web
Michael Perelman wrote, > The timing of this quote is extraordinary, since it comes after the great > merger wave put an end to much competition. Combinations work for industry; > not for workers. It would be petty of me to point out that Laughlin was a paid spokesman on behalf of the Chicago t

Re: Re: Moses and monetarism

2000-06-06 Thread christian a. gregory
> > > 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

Re: Re: Moses and Monetarism II

2000-06-06 Thread Michael Perelman
The timing of this quote is extraordinary, since it comes after the great merger wave put an end to much competition. Combinations work for industry; not for workers. Timework Web wrote: > 8. "In these days few people realize the grinding, eager, intense, and > minute competition which goes on

Re: Moses and Monetarism II

2000-06-06 Thread Timework Web
I can't help mentioning an article that I view as the classic statement of the moral sentiment underlying NAIRU, J. Laurence Laughlin's "The Unions Versus Higher Wages," _Journal of Political Economy_, Vol. 14, Issue 3 (March 1906) pages 129-142. Laughlin's *positive* argument can, I believe, be

Re: Moses and monetarism

2000-06-06 Thread Timework Web
Jim Devine wrote, > In a passage which seems to summarize his message, Tom Walker wrote: > >The NAIRU story and the Phillips curve story make sense if one assumes > >that capital's brief is efficiency and labour's is waste. > > Tom, that sure seems like you're mixing normative concepts (efficien

Re: Moses and Monetarism

2000-06-06 Thread Jim Devine
In a passage which seems to summarize his message, Tom Walker wrote: >The NAIRU story and the Phillips curve story make sense if one assumes >that capital's brief is efficiency and labour's is waste. Tom, that sure seems like you're mixing normative concepts (efficiency) and positive concepts (