the following
discussion with a colleague (and the original article) might be of interest to
pen-l. Comments on my speculations are welcome.
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
-Original Message-Check out The New Economy Remains With
UsClick here: The New
Jim D wrote:
I'd say that the new economy involved two major sources:
1) government: the Pentagon-created and -subsidized ARPAnet,
along with all sorts of other government research subsidies.
Absolutely. There is nothing involving the Internet that would have
happened without a progression
Speaking of the New Economy:
http://www.thenewpress.com/newbooks/afternew.htm.
Doug
[New York Times]
March 3, 2003
New Economy Recedes in Pacific Northwest
By TIMOTHY EGAN
SEATTLE, March 2 - When President Bill Clinton came to Seattle 10 years ago as
the host of a Pacific Rim economic summit, this city was his stage and his
symbol. Looking to the next century, he held Seattle
Business: NEW ECONOMY WISTFULLY RECALLED AS TINY DOT.COM PROMOTIONAL
OBJECT FOUND IN DRAWER
SAN FRANCISCOThe New Economythe Internet-driven business landscape
once predicted to make bricks and mortar retailers obsoletewas
wistfully recalled Monday, when a small dot-com promotional item
[priceless.]
washingtonpost.com
The Economy, Smack Dab in an Ooch
By a Washington Post Staff Writer
Saturday, October 5, 2002; Page A07
BOSTON, Oct. 4 -- Sometimes the economy is booming. Other times, it is
contracting. At the moment, it is ooching.
This economic evaluation was offered
And what rough beast, its hour come round at last
Oochs toward Bethlehem to be born
Tom Walker
604 255 4812
Spinning Gold From Goats
Canadian Biotech Says It's Found a Way to Mass-Produce Spider Silk
By Terence Chea
Washington Post Staff Writer
Friday, May 31, 2002; Page E01
Spiders and their intricate webs fascinated humans long before the
Hollywood blockbuster Spider-Man. For centuries, people
[The Independent]
Scientists claim their GM chickens will be able to lay life-saving eggs
By Stephen Foley
30 May 2002
American scientists have developed a method of breeding
genetically-modified chickens able to produce insulin and other
life-saving drugs in their eggs.
The work could open the
Since Ian is collecting material on the global panopticon, I thought I
should chip in. This new technology should be effective against violent
hackers.
BODY ARMOR PROTECTS BITS UNDER FIRE
Xybernaut, a specialist in wearable PCs, is teaming up with Second
Chance
Body Armor, the leading U.S.
Naked Chicken Plan May Make Feathers Fly
Mon May 20,12:31 PM ET
By Megan Goldin
JERUSALEM (Reuters) - Chickens could fly even faster to the
dinner table if an Israeli geneticist gets his way and develops
the featherless fowl.
Avigdor Cahaner, from Israel's Hebrew University, has crossbred a
Received:
4/2/02 1:03:53 PM
From:
nd [EMAIL PROTECTED]
Add to People Section
To:
[EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED]
CC:
Subject:
A MUST READ: ISRAEL'S NEW ECONOMY AND THE INTIFADA
MIME Ver:
1.0
Attachments:
ISRAEL'S NEW ECONOMY AND THE INTIFADA: A note
STUDYING CUBA'S ABILITY USE NET TO DISRUPT U.S.
A senior U.S. government official says that the Bush administration has
begun a review of Cuba's ability to use the Internet to disrupt this
country's military communications or damage other U.S. interests. Last
month, White House technical advisor
the US gov. is attacked every day by hackers from all over the
planet. Where's Dr Strangelove?
Ian
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Friday, March 08, 2002 3:38 PM
Subject: [PEN-L:23719] Fidel vs. the New Economy; More Axis of
Evil
Like Hitler the US seems to be dreaming of war without end, war as the resolution to
every inconvenience.
Greg
--- Message Received ---
From: Ian Murray [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Date: Fri, 8 Mar 2002 15:52:59 -0800
Subject: [PEN-L:23721] Re: Fidel vs. the New Economy; More Axis
Table of international business operating costs
LONDON, Dec 11 AAP|Published: Tuesday December 11, 10:33 PM
http://www.theage.com.au/breaking/2001/12/11/FFX674JKCQC.html
The Economist Intelligence Unit today released a report on business
operating costs in 31 key countries around the world,
The one number that stands out is Hungary at 1.0, cheaper than
Indonesia. Way cheaper than Poland.
Rob Schaap wrote:
Table of international business operating costs
LONDON, Dec 11 AAP|Published: Tuesday December 11, 10:33 PM
http://www.theage.com.au/breaking/2001/12/11/FFX674JKCQC.html
. But then business may have
forgotten about it now
that the emergency has passed.
On Sat, Dec 08, 2001 at 06:43:21PM -0800, Rakesh
Bhandari wrote:
the changing nature of work...and the ideology
of the New Economy
(which I read as an exuberant variant on
post-industrialism
From: Rakesh Bhandari
the changing nature of work,
Doug, have you had a chance to read Frederick Abernathy, John Dunlop,
Janice Hammond and David Weil, A Stitch in Time: Lean Retailing and the
transformation of mfg --lessons from the apparel and textile industries
(oxford, 1999)? Haven't
Isn't the Gap on of the most intransigent sweatshop-dependent companies,
relying on Chinese workers that go to Guam on false pretenses and who then
live in barracks?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
Carl Remick wrote:
From: Michael Perelman [EMAIL PROTECTED]
Michael Meerpol said that penners might be interested in Dean Baker's
The New Economy Goes Bust. I think that he is correct.
http://www.cepr.net/new_economy_goes_bust.htm
I notice the summary comment here, Even the most cursory
the changing nature of work,
Doug, have you had a chance to read Frederick Abernathy, John Dunlop,
Janice Hammond and David Weil, A Stitch in Time: Lean Retailing and
the transformation of mfg--lessons from the apparel and textile
industries (oxford, 1999)? Haven't read it. It seems to be
the changing nature of work...and the ideology of the New Economy
(which I read as an exuberant variant on post-industrialism, a
doctrine that's been ripening for at least 30 years).
Doug, any explicit discussion of this book:
Technology and Capital in the Age of Lean Production : A Marxian
of the New Economy
(which I read as an exuberant variant on post-industrialism, a
doctrine that's been ripening for at least 30 years).
Doug, any explicit discussion of this book:
Technology and Capital in the Age of Lean Production : A Marxian
Critique of the 'New Economy' by Tony Smith
Michael Meerpol said that penners might be interested in Dean Baker's
The New Economy Goes Bust. I think that he is correct.
http://www.cepr.net/new_economy_goes_bust.htm
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax
From: Michael Perelman [EMAIL PROTECTED]
Michael Meerpol said that penners might be interested in Dean Baker's
The New Economy Goes Bust. I think that he is correct.
http://www.cepr.net/new_economy_goes_bust.htm
I notice the summary comment here, Even the most cursory review of the data
From: Michael Keaney [EMAIL PROTECTED]
The troubles with technical trends
Professionals have lost sight of the risks but cannot blame day traders
for the outcome, writes Barry Riley
Financial Times, Oct 05 2001
... Now there is a global economic recession in the offing. It has become
evident
At 01:51 AM 10/6/01 +, you wrote:
the golden rule
remains that an Al cut is worth a four-day rally. I really don't know why the
man bothers ...
in theory, he doesn't care about what happens to the stock market (or
shouldn't care). He's supposedly trying to help Main Street, not Wall
In which theory??
On Fri, Oct 05, 2001 at 10:56:39AM -0700, Jim Devine wrote:
in theory, he doesn't care about what happens to the stock market (or
shouldn't care). He's supposedly trying to help Main Street, not Wall Street.
Jim Devine [EMAIL PROTECTED]
On Fri, Oct 05, 2001 at 10:56:39AM -0700, I wrote:
in theory, he [Alan Greedspan] doesn't care about what happens to the
stock market (or
shouldn't care). He's supposedly trying to help Main Street, not Wall
Street.
At 12:28 PM 10/5/01 -0700, you wrote:
In which theory??
the one that
This year has shown that inventory-free companies do not escape the
business cycle or disruptions in demand
Financial Times, 25 September 2001
Peter Martin
There are really only two types of business: those with inventory and
those without.
In recent years, inventory-heavy businesses have
Jim wrote:
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.
This
from SLATE, 9/10/01:
USA [TODAY] ... leads ... with a story nobody else fronts: A University of
Pennsylvania study out today estimating that about 325,000 U.S. children
17 or under are being sexually exploited--mostly as prostitutes or
pornographic subjects--far many more than the experts
Not impossible, but I would wait for some info on methodology and sample
size before accepting this as fact...
Jim Devine wrote:
from SLATE, 9/10/01:
USA [TODAY] ... leads ... with a story nobody else fronts: A University of
Pennsylvania study out today estimating that about 325,000 U.S.
I tend to very suspicious of this sort thing, after the McMartin fiasco
and so on. Not that there is not a great deal of child abuse, and not
that it is not horrible and worthy of being fought. But exaggerating
the extent of it seems to be a basis for a lot of destruction of Civil
liberties.
August 7, 2001
Productivity Revisions Tarnish New Economy
By Dean Baker
__
___
The lower productivity numbers should raise
serious questions
about stock prices.
__
___
The second
This is very interesting. I have never seen the demand growth rate figures
before. The increasing reliance on imports makes this situation seem even more
threatening to economic health.
Keaney Michael wrote:
The death of demand
Financial Times, Jun 25, 2001
By GLOBAL INVESTOR - ANDREW
Shocking FACTS about U.S. income wealth inequality
Tue, 13 Feb 2001
From: [EMAIL PROTECTED]
After 8 years of a genuinely sociopathic "New Democrat" as President
of the United States the appalling inequality of income and wealth that
was exacerbated under the Republican President Reagan
, 2001 8:44 AM
Subject: [PEN-L:8474] New Democrats, New Economy
Shocking FACTS about U.S. income wealth inequality
Tue, 13 Feb 2001
From: [EMAIL PROTECTED]
After 8 years of a genuinely sociopathic "New Democrat" as President
of the United States the appalling inequality of income
Barkley wrote:
Actually the trend to inequality of both income and wealth has slowed in
the last few years in the US, despite the continuing increase in the gap
between rank and file and CEO wages. Probably the main factor has been
the lowered unemployment rate that has led to a noticeable
I haven't read the Challenge article yet, but so far everything I have read
about the "new economy" sounds like smoke and mirrors to me. It also seems
like this "new economy" is about to take a bath just like plain old economies
do all the time in capitalism. maggie colem
At 09:06 PM 01/31/2001 -0600, you wrote:
I haven't read the Challenge article yet, but so far everything I have read
about the "new economy" sounds like smoke and mirrors to me. It also seems
like this "new economy" is about to take a bath just like plain old econo
NY Times, November 20, 2000
New Economy: A Modern Tragedy Worthy of Plato
By TIM RICE
It's a long stretch from Socrates drinking the hemlock to Pets.com pulling
the plug. Some 2,400 years in fact. But Alan Lightman, a runner-up in the
National Book Award for fiction that was awarded last week
This is the peace process
'The alternative to the peace process is no longer hypothetical. It is
unfolding today before our eyes', said President Clinton. But the
fighting in Jerusalem, Gaza and the West Bank is not a departure from
the Peace Process, it is its obvious conclusion. The Peace
The Economist has a fairly extensive survey of the new economy.
http://www.economist.com/surveys/showsurvey.cfm?issue=2923CFID=108004CFTOKEN=88909881
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
[full article at http://www.iht.com/IHT/TODAY/THU/FIN/rules.2.html ]
Paris, Thursday, September 21, 2000
New Accounting Rules For the New Economy?
Changing U.S. Business Climate Spurs Shift
By Albert B. Crenshaw Washington Post Service
WASHINGTON - A clash of cultures has set off a heated
What has happened to the claim that the New Economy is no longer very
sensitive to oil prices?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
in select areas, the dependence of our
electricity-based New Economy on fossil fuels is pretty clear. It may not
be as large a part of the GDP, but given the new instability of production
under deregulation, the erratic nature of responses to demand may be a
recipe for shocks disproportion to its economic
At 08:26 AM 9/19/00 -0700, you wrote:
What has happened to the claim that the New Economy is no longer very
sensitive to oil prices?
I don't know, but the US doesn't import as much oil as it used to (relative
to GDP).
BTW, I graphed the real price of energy (CPI for energy divided by the
over
What has happened to the claim that the New Economy is no longer very
sensitive to oil prices?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
The Guardian (London), September 13, 2000
Fuel crisis: How old tech
At 13:37 13/06/00 -0700, you wrote:
they are supposed to show that capitalism is not the capitalism of free
trade.
Mine Doyran
SUNY/Albany
So do you refuse to give answers to my questions?
Brad DeLong
Although there are strong monopoly features in global capitalism, these
figures do not
I do *not* remember getting this message because my account was
full so Brad's question probably bounced back. Can you repost the
rest of your post?
Chris, I understand what you say but the article is not suggesting that
the world economy is charecterized by monopoly capitalism.
This not my
Is this a claim that Algerian standards of living would rise by 47%
if Algeria were to shut off all trade with the rest of the world, and
that standards of living in Zimbabwe would rise by 56% if Zimbabwe
were to shut off all trade with the rest of the world?
The author himself writes in the
the
most outspoken new-economy sceptic. In a
much-quoted paper circulated last year, he
pointed out that the recent surge of growth in
American labour productivity had been
concentrated in the computer-manufacturing
industry. In the other 96.5
To what extent is the rise in labor productivity growth due to unmeasured
(and unpaid) increases in the number of hours of work done, i.e.,
stretch-out, or due to increases in the intensity of labor (work done per
hour of work-time), i.e., speed-up?
At least one observer argued that the
Again, I cannot put a number on it, but the ability to mark up goods looks
identical to productivity gains in the data, unless labor can regain lost
ground through comparable wage gains.
Jim Devine wrote:
To what extent is the rise in labor productivity growth due to unmeasured
(and unpaid)
Title: Disability Issues, An arrow in the new economy
Greetings Comrades,
In the local press I noticed two different kinds of disability influenced analyses. I wanted to bring out some of the implications. I am looking at class structure in relation to disabled people and how disability
PROTECTED],
[EMAIL PROTECTED] Subject: [PEN-L:19401] Disability Issues, An arrow
in the new economy
Greetings Comrades,
In the local press I noticed two different kinds of disability influenced
analyses. I wanted to bring out some of the implications. I am looking at
class structure in relation
AMAZON: "THE COCA-COLA OF THE WEB"?
Saying he's "very excited" about the idea of becoming "the Coca-Cola of
the
Web," Amazon CEO Jeff Bezos announced he's thinking about spinning off
his
company's fixed assets in order to focus his attention on managing the
Amazon brand. The analogy refers to
production, both of which require heavy fixed
capital outlays.
In the new economy, very few such expenditures are required. It is mostly
about gathering together highly skilled people and supplying them with
computers. Microsoft and aol.com can expand rapidly by adding bodies. If
there is a downturn
Michael Perelman asked:
The question is, how would this economy respond to collapse in stock
market prices?
A glance at the historical stats on Nasdaq reveals that market valuation
quadrupled from a total of $1.5 trillion in 1996 to around $6 trillion in
February 2000. Using those figures as
Timework Web wrote:
We are in for interesting times.
I believe there's an old proverb that goes something like,
"Woe to those who live in interesting times."
Carrol
Louis's point is very interesting. The railroad industry relied heavily on the
bond market for its funds. In the new economy with the high flying stock
market, companies such as Cisco purchase other companies using its inflated
stock. Money that would go to pay executives comes from the stock
of the German economy was very much related to its concentration
in steel and machine tool production, both of which require heavy fixed
capital outlays.
In the new economy, very few such expenditures are required. It is mostly
about gathering together highly skilled people and supplying them with
computers
NY Review of Books
How New Is the New Economy?
By JEFF MADRICK
September 23, 1999
Books and research papers discussed in this article
1) Turbulence in the World Economy by Robert Brenner 256 pages, $25.00 (to
be published in November 1999) (hardcover) published by Verso
2) Myths of Rich
Wednesday August 4 1999
Financial Times Euro
European Performance League
Not so new economy
Managers from Mars
Comment / Columnists
Not so new economy
Computers may have revolutionised the workplace, but they have not had much
impact on productivity in the US
The US economy
Forbes Magazine. 1929 (June).
"For the past five years we have been in a new industrial era in this
country. We are making progress industrially and economically not even by
leaps and bounds, but on a perfectly heroic scale."
--
Michael Perelman
Economics Department
California State University
time those words were used was during the optimistic phase of the 1920s.
The "New Economy" is nicer in that it avoids the historical connection, but
in essence it's the same thing.
Your buddy Paul Krugman has a piece in the Harvard
Business Review which tries to debunk the idea of
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