Works for me. mbs
Jim,
Not bad. Pretty close to what I do.
Next time I go out with you and Peter
Dorman and Max Sawicky, I shall call us all by
code names beginning with H. You'll be "Holy
Father," Peter will be "Hoffman," Max will be
"Hoffa," and I'll be "Horse Thief," :-).
Bark
y "anti-Keynesian"?
> Barkley Rosser
> -Original Message-
> From: Michael Perelman <[EMAIL PROTECTED]>
> To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
> Date: Wednesday, August 30, 2000 6:46 PM
> Subject: [PEN-L:1001] Re: Re: Re: Re: intro macro text
&g
l be "Horse Thief," :-).
Barkley Rosser
-Original Message-
From: Jim Devine <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Wednesday, August 30, 2000 2:45 PM
Subject: [PEN-L:986] Re: Re: Re: Re: intro macro text
>At 02:10 PM 8/30/00 -0400, you wrote
TECTED] <[EMAIL PROTECTED]>
Date: Wednesday, August 30, 2000 6:46 PM
Subject: [PEN-L:1001] Re: Re: Re: Re: intro macro text
>
>
>"J. Barkley Rosser, Jr." wrote:
>
>> Did the McKenna version resemble the current
>> standard formulation or the Davidson-
al Message-
> From: Michael Perelman <[EMAIL PROTECTED]>
> To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
> Date: Wednesday, August 30, 2000 12:32 PM
> Subject: [PEN-L:980] Re: Re: intro macro text
>
> >The first book to have introduced AS-AD seems to have
At 02:10 PM 8/30/00 -0400, you wrote:
>I disagree that AS/AD is inherently "anti-Keynesian." For the umpteenth
>time, go look at Chapter 21, Section IV of Keynes's General Theory.
also look at Tobin's ASSET ACCUMULATION AND ECONOMIC ACTIVITY (1980, p.
17). He's got an AD curve with the "wrong"
D] <[EMAIL PROTECTED]>
Date: Wednesday, August 30, 2000 12:32 PM
Subject: [PEN-L:980] Re: Re: intro macro text
>The first book to have introduced AS-AD seems to have been. McKenna, J.P.
1955.
>Aggregate Economic Analysis, 1st ed. (Oxford: Oxford University Press). It
did
>not have mu
ney Michael <[EMAIL PROTECTED]>
> To: '[EMAIL PROTECTED]' <[EMAIL PROTECTED]>
> Date: Wednesday, August 30, 2000 2:30 AM
> Subject: [PEN-L:964] intro macro text
>
> >Peter Dorman wrote:
> >
> >Stretton's book is interesting but very idios
, as I have already noted, one can find that one in Chapter
21 of Keynes's _General Theory_.
Barkley Rosser
-Original Message-
From: Keaney Michael <[EMAIL PROTECTED]>
To: '[EMAIL PROTECTED]' <[EMAIL PROTECTED]>
Date: Wednesday, August 30, 2000 2:30 AM
Subject
Peter Dorman wrote:
Stretton's book is interesting but very idiosyncratic -- not suitable for
the
sort of course I want to teach. For me, there are two things I'm trying to
accomplish, to improve student's understanding of how economies work, and to
increase their ability to critique mainstream
Stretton's book is interesting but very idiosyncratic -- not suitable for the
sort of course I want to teach. For me, there are two things I'm trying to
accomplish, to improve student's understanding of how economies work, and to
increase their ability to critique mainstream economics as an intel
Sorry for any duplication...
-Original Message-
From: Keaney Michael
Sent: 28. elokuuta 2000 1:43
To: '[EMAIL PROTECTED]'
Subject: RE: [PEN-L:861] Re: Re: RE: intro macro text
Rob Schaap wrote:
Oh and Michael (Keaney) ... is that Stretton book out yet? And have you
comme
I really think it's only important for teachers. AS/AD per se is
irrelevant to debates outside the classroom, although some of the issues
that are raised around AS/AD (how do foreign exchange markets work, when
do bottlenecks kick in, etc.) are pertinent. But you can -- and do --
talk about thes
ssage-
From: Doug Henwood <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Monday, August 28, 2000 7:11 PM
Subject: [PEN-L:916] Re: Re: Re: Re: Re: Re: Re: Re: Re: intro macro text
>Why is this AS/AD debate important?
>
>Doug
>
>
Bravo. That is the way to teach!
Peter Dorman wrote:
> Just to show how antidiluvian I am, when I last taught macro in the early 90s I
> used pass-through analysis. I reasoned out with the students the factors that
> would increase the ability of firms to pass costs through to prices and worke
Why is this AS/AD debate important?
Doug
I was really hoping not to get sucked back into the debate we had long ago,
but...
International substitution: downward-sloping AD, I guess, but only if you don't
have PPP. Also, much would depend on how open the economy is: how much mileage
do you get from international substitution in the US?
Peter,
I see no reason why pass-through analysis
cannot be incorporated into AS/AD.
JBR
-Original Message-
From: Peter Dorman <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Monday, August 28, 2000 6:17 PM
Subject: [PEN-L:905] Re: Re: Re: Re: intr
t;[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Monday, August 28, 2000 5:52 PM
Subject: [PEN-L:904] Re: Re: Re: Re: Re: Re: intro macro text
>The problem with AS/AD is that, in the best scenario, it is predicated on
ad
>hoc assumptions that may or may not hold in an
Peter Dorman wrote:
>The problem with AS/AD is that, in the best scenario, it is predicated on
>ad hoc assumptions that may or may not hold in any particular historical
>situation -- that is, they are not logically required. In the bad
>scenario, the curves are justified by incoherent argument
hone)
Office: (61) 2 4921-6919 (Fax)
Home: (61) 2 4981-8124 (Fax)
Home: (61) 2 4982-9158 (Phone)
- Original Message -
From: Peter Dorman <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Tuesday, 29 August 2000 7:50
Subject: [PEN-L:904] Re: Re: Re: Re: Re: Re: intro macro te
Just to show how antidiluvian I am, when I last taught macro in the early 90s I
used pass-through analysis. I reasoned out with the students the factors that
would increase the ability of firms to pass costs through to prices and workers
to pass prices through to wages. Then the ceteris paribus
are introducing the whole business about
> expected versus non-expected inflation?
> Barkley Rosser
> -Original Message-
> From: Peter Dorman <[EMAIL PROTECTED]>
> To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
> Date: Monday, August 28, 2000 4:08 PM
> Subject
I haven't kept up with this text, so I don't know if it's still in print. The main
problems were that it was pitched too low and that it didn't cover enough of the
right wing stuff.
Peter
Rob Schaap wrote:
> G'day Barkley,
>
> Sez you unto Peter:
>
> >It is a bummer what Colander has done to h
more of a model
to hang these remarks on?
Barkley Rosser
-Original Message-
From: Peter Dorman <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Saturday, August 26, 2000 5:04 PM
Subject: [PEN-L:871] Re: Re: intro macro text
>In this case, AS/AD complicates the
about
expected versus non-expected inflation?
Barkley Rosser
-Original Message-
From: Peter Dorman <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Monday, August 28, 2000 4:08 PM
Subject: [PEN-L:892] Re: Re: Re: Re: intro macro text
>Barkley and I debated A
It is an intermediate text.
>
> G'day Barkley,
>
> Sez you unto Peter:
>
> >It is a bummer what Colander has done to his book,
> >in the meantime. Good luck finding a decent text...
>
> I've found it passing strange that no-one's taken up the matter of
> Heilbroner & Galbraith's *Understandin
G'day Barkley,
Sez you unto Peter:
>It is a bummer what Colander has done to his book,
>in the meantime. Good luck finding a decent text...
I've found it passing strange that no-one's taken up the matter of
Heilbroner & Galbraith's *Understanding Macroeconomics* 9th ed (B&N Price:
$56.75, Pren
Barkley and I debated AS/AD back in 1994 (I think) on pen-l. I recently reread
my side of the exchange, and I stay convinced. I agree that Keynes has
something like an upward-sloping AS curve, in the sense that he recognizes (as
we all should) that, beyond a certain point, nominal expansion can'
Message-
From: Peter Dorman <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Friday, August 25, 2000 8:05 PM
Subject: [PEN-L:849] Re: Re: intro macro text
>OK, I will give a quick reply. I posted several messages on this subject
in
>the mid '90s, respondi
In this case, AS/AD complicates the argument. Why can't you just say that fiscal
policy overheated the economy, creating bottlenecks?
Peter
[EMAIL PROTECTED] wrote:
> Peter wrote as regards the use of AS/AD:
>
> >They prefer easy pseudo-explanation to the much harder real thing.
>
> Picking at
Peter wrote as regards the use of AS/AD:
>They prefer easy pseudo-explanation to the much harder real thing.
Picking at random, the standard AS/AD explanation for the inflation that
started at the end of the 1960s was that fiscal policy, in part Vietnam war
spending, led to an expansion of AD
G'day Max,
>> And it only costs $109. I think if I was teaching
>> principles now I couldn't in good conscience assign
>> any book that cost more than $50. I would tell people
>> to buy any damn book, used. Or . . .
Well, it costs $56.75. I know that's a lot in real US greenbacks, but I
sugge
At 02:33 PM 08/25/2000 -0400, you wrote:
>Thanks. Any you can recommend? (The Galbraith and Darity is out of print
>and not in my library.)
are there _any_ good intermediate macro books out there?
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine
"Is it peace or is it Prozac?" -
At 03:11 PM 08/25/2000 -0400, you wrote:
>I had adopted Colander, but just since
>sending out the last message finally got a copy and
>took a close look at it. He has removed all kinds
>of things like problems of less developed countries.
>I must say, I am very disappointed. Will not use it agai
Peter, I agree that AS/AD a pseudo-explanation. It appeals to common sense; most
students have already seen the micro S&D curves. Even if it is nonsense, it
provides the correct ideological answer.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-89
The dissenting mainstreamish texts (Fusfeld, Shepherd) have all been extinguished. I
found
Colander very difficult to use -- he goes off on tangents and pontificates too much.
That may
work well in his classroom, but it doesn't work well with *my* tangents and
pontifications...
Peter
[EMAIL
For micro I'm using Roger McCain's on-line text. The price is very right...
Peter
Max Sawicky wrote:
> If you check out the following URL you'll see a Heilbroner and Galbraith...
> http://shop.barnesandnoble.com/textbooks/booksearch/isbninquiry.asp?userid=4
> 646AWZCQG&mscssid=T7E1C13EF2SR2H6A
> -Christian
>
> - Original Message -
> From: Peter Dorman <[EMAIL PROTECTED]>
> To: <[EMAIL PROTECTED]>
> Sent: Thursday, August 24, 2000 5:12 PM
> Subject: [PEN-L:810] intro macro text
>
> > It's time for me to start looking for another intr
what to say :-(.
Barkley Rosser
-Original Message-
From: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Friday, August 25, 2000 2:34 PM
Subject: [PEN-L:843] Re: Re: Re: Re: Re: Re: Re: intro macro text
>Thanks. Any you can recom
ies), and students buy it just fine.
Barkley Rosser
-Original Message-
From: Michael Perelman <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Friday, August 25, 2000 11:28 AM
Subject: [PEN-L:835] Re: intro macro text
>David Collander told me that after
]
To: [EMAIL PROTECTED]
Date: Friday, August 25, 2000 10:32 AM
Subject: [PEN-L:827] Re: Re: Re: Re: Re: intro macro text
>What do folks think of N. Gregory Mankiw's Macro book? It got raves on
Amazon.
>
>Christian
>
>
ing
beyond this crap, it will be decades before we can
exorcise it from the curriculum.
Barkley Rosser
-Original Message-
From: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Friday, August 25, 2000 10:32 AM
Subject: [PEN-L:827] Re: Re: R
David Collander told me that after he published his first edition, his publisher told
him the
lack of the AS/AD cost him 10,000 sales. He then added it.
Why should the demand for goods go down if prices rise? Only because the AD curve
assumes
that the money supply is constant, causing interes
I recently got some e-mail from the development/environment folks at Tufts (is
someone like Frank Ackerman running this?) about a text they were working on.
I can't remember the level of the text (or even if it was micro or macro or
both) but it is critical of the mainstream. The mail message
Peter, what is your beef with AS? Is is the microfoundations generally offered
behind it or is it something else?
I use AS/AD but offer my own explanations for why, sometimes, prices rise as
output grows (due to the behavior of businesses) that doesn't rely on standard
microfoundations.
Eric
I think Peter D is looking for a textbook like Colander's which has a different view of
AS/AD, one that's more respectable intellectually.
Unfortunately, the most recent edition "surrenders" on this issue. It might still be
good.
Fusfeld used to have a textbook with the K-cross instead of AS/A
Mankiw is pure fluff. He got a $1 million bonus to write it. It gives
the students a sense that they are going to learn something profound, but
then he just waves his hand.
Students like it because it is not very meaty. They are vegetarians -- at
least here in Ca.
>
>
> What do folks think
What do folks think of N. Gregory Mankiw's Macro book? It got raves on
Amazon.Christian
I've got it. Picked it up for free at the AEA meetings.
When I searched thru it for a discussion of GDP accounting,
I could find nothing. Which is not promising, IMO.
mbs
If you check out the following URL you'll see a Heilbroner and Galbraith...
http://shop.barnesandnoble.com/textbooks/booksearch/isbninquiry.asp?userid=4
646AWZCQG&mscssid=T7E1C13EF2SR2H6A0017QUE8A38K2XUB&isbn=0139333592
-
I sit corrected.
And it only costs $109. I think if I was teaching
What do folks think of N. Gregory Mankiw's Macro book? It got raves on Amazon.
Christian
Yes, because some departments adopt a common combination micro/macro
book for both classes. Besides, about 20% of the material is repeated
in both volumes.
Max Sawicky wrote:
> my impression is that all 'intro' texts are principles
> texts with both micro and macro. I can't remember
> seeing o
though.
Michael K.
-Original Message-
From: Max Sawicky [mailto:[EMAIL PROTECTED]]
Sent: 25. elokuuta 2000 8:47
To: [EMAIL PROTECTED]
Subject: [PEN-L:823] Re: Re: Re: intro macro text
there was a Heilbroner and LThurow, if memory serves.
no Heilbroner and Galbraith.
mbs
> I remembe
there was a Heilbroner and LThurow, if memory serves.
no Heilbroner and Galbraith.
mbs
> I remember really liking a big reader-friendly exercise in
introductory
> theoretical explanation and critique - so well written and
laid out was it
> that stuff of which I had never been able to make sense
my impression is that all 'intro' texts are principles
texts with both micro and macro. I can't remember
seeing one that was just one or the other that was
not intermediate.
mbs
> It is an intermediate text.
>
> >
> > Galbraith and Darity?
> >
> >
> >
> >
> > > It's time for me to start lookin
G'day all,
I remember really liking a big reader-friendly exercise in introductory
theoretical explanation and critique - so well written and laid out was it
that stuff of which I had never been able to make sense suddenly became
apparent to me so readily I felt I must have been mentally retarded
It is an intermediate text.
>
> Galbraith and Darity?
>
>
>
>
> > It's time for me to start looking for another introductory
> > macroeconomics text. My criteria are: (1) clear
> exposition, preferably
>
>
--
Michael Perelman
Economics Department
California State University
Chico, CA 9
Galbraith and Darity?
> It's time for me to start looking for another introductory
> macroeconomics text. My criteria are: (1) clear
exposition, preferably
Peter, get to work and write one. I don't think anybody else has.
Peter Dorman wrote:
> It's time for me to start looking for another introductory
> macroeconomics text. My criteria are: (1) clear exposition, preferably
> stripped down to the essentials, and (2) as little use of AS/AD as
> pos
o 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, 2000
t: Thursday, August 24, 2000 5:12 PM
Subject: [PEN-L:810] intro macro text
> It's time for me to start looking for another introductory
> macroeconomics text. My criteria are: (1) clear exposition, preferably
> stripped down to the essentials, and (2) as little use of AS/AD as
> poss
It's time for me to start looking for another introductory
macroeconomics text. My criteria are: (1) clear exposition, preferably
stripped down to the essentials, and (2) as little use of AS/AD as
possible. (2) is really the most important. I'm one of those who think
AS/AD is intellectually sus
Hi,
I cann't think of a good book right away, but would like to know if you
are from Akron Ohio and we know each other?
Regards,
A. S. Fatemi
Professor and Chairman
Department of Economics
The American University of Paris
31 ave Bosquet
75007 Paris
Tel:(33) 1 40 62 06 40
Fax:(33) 1
Hi!
I was wondering if anyone has found a good macro introductory textbook. I'm
looking for something that is barebones--thin with just the basics--that
I can use in conjunction with a lot of supplemental readings. Something
that won't cost too much but qualifies as a macro textbook, withou
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