[PEN-L] Banking is child's play

2006-01-04 Thread Leigh Meyers
http://www.hammacher.com/publish/71365.asp?promo=QSearch Leigh www.leighm.net

[PEN-L] Two Asian films

2006-01-04 Thread Louis Proyect
Over the last few days, I have been watching some screeners that have been sitting around on my shelves for the past couple of years or so. Six of them date from the 2005 Asian Film Festival in NYC, of which four are not worthy of comment. The remaining two are something special. Although they wer

[PEN-L] Cy Gonick's son's new movie about Canadian Indians

2006-01-04 Thread Louis Proyect
Cy Gonick is a PEN-L'er who taught economics at the University of Manitoba and who is the editor of Canadian Dimension, a magazine that has published a number of my articles. His son Noam has a film about Canadian Indians that is reviewed in the Village Voice, which doesn't care for it very much.

[PEN-L] Macroeconomics: 'Critical danger' warning - Fisheries

2006-01-04 Thread Leigh Meyers
The economies of some of the poorest nations of the world depend on the fishing industry for food and international/regional trade. BBC NEWS / SCIENCE/NATURE Wednesday, 4 January 2006, 18:33 GMT 'Critical danger' warning on fish http://news.bbc.co.uk/2/low/science/nature/4581428.stm Deep se

[PEN-L] Marxological Question

2006-01-04 Thread Max Sawicky
On capital allocation: 1. one idea is that with perfect competition capital flows to best uses first, then to less lucrative projects, and so 'on the margin' productivity of capital and the rate of profit fall. In the extreme, the rentier is euthanized as capital becomes so plentiful that the ra

Re: [PEN-L] Marxological Question

2006-01-04 Thread Michael Perelman
Max is spot on. Marx seemed to have excessive strength in reason. Even the workers' false consciousness was supposed to be temporary. The only irrational is that capitalists get wiped out by new tech. before they can recover their costs in long lived fixed capital. But the dot.com boom does not s

[PEN-L] [EMAIL PROTECTED]: Job openings with the Public Policy Institute of California]

2006-01-04 Thread Michael Perelman
- Forwarded message from Christine Marhula <[EMAIL PROTECTED]> - Date: Wed, 4 Jan 2006 09:25:51 -0800 From: "Christine Marhula" <[EMAIL PROTECTED]> Subject: Job openings with the Public Policy Institute of California The Public Policy Institute of California is an independent, nonpartisa

Re: [PEN-L] Two Asian films

2006-01-04 Thread Michael Hoover
>>> [EMAIL PROTECTED] 01/04/06 9:59 AM >>> Very early this morning (jet lag will do this to you), I watched "Chop Socky: Cinema Hong Kong," a one hour documentary on the IFC cable channel (don't go to their theater in NYC--they use non-union projectionists.) It revealed how important creative in

Re: [PEN-L] Marxological Question

2006-01-04 Thread Autoplectic
On 1/4/06, Max Sawicky <[EMAIL PROTECTED]> wrote: > The third is embodied in this fragment I picked up today: > > "Hedge funds so flush with cash that they are lending money into a > commercial real estate bubble, bidding up the price of gold and financing > hostile takeovers." > > http://www.wash

Re: [PEN-L] Marxological Question

2006-01-04 Thread Doug Henwood
Autoplectic wrote: The sentence in the article before your quote is even more pertinent: "A corporate sector unable to find a more profitable use for its record retained earnings than buying up its own stock or overpaying for questionable acquisitions." [Interested readers can consult Susan St

Re: [PEN-L] Marxological Question

2006-01-04 Thread Max B. Sawicky
But in this case the sellers of the stock have to do something else with the proceeds, so it doesn't quite resolve the question, does it? Autoplectic wrote: >The sentence in the article before your quote is even more pertinent: > >"A corporate sector unable to find a more profitable use for its

Re: [PEN-L] Marxological Question

2006-01-04 Thread Autoplectic
On 1/4/06, Max B. Sawicky <[EMAIL PROTECTED]> wrote: > But in this case the sellers of the stock have to do something else with the > proceeds, so it doesn't quite resolve the question, does it? > > -- Welcome to the paradoxes of capitalist accumulation! :-)

Re: [PEN-L] Marxological Question

2006-01-04 Thread Sandwichman
Autoplectic <[EMAIL PROTECTED]> wrote: Welcome to the paradoxes of capitalist accumulation! :-) It's only a paradox if you believe there needs to be an identity between two very different concepts of capital, one of which is an accumulation of surplus value and the other a capitalization of a

Re: [PEN-L] Marxological Question

2006-01-04 Thread Autoplectic
On 1/4/06, Sandwichman <[EMAIL PROTECTED]> wrote: > It's only a paradox if you believe there needs to be an identity between > two very different concepts of capital, one of which is an accumulation of > surplus value and the other a capitalization of a future income stream. > Rather than an ide