[PEN-L] Liquidity trap?

http://www.afponline.org/pub/pdf/Liquidity_2007.pdf And an article by Joseph Stiglitz on the Shanghai Daily. Enjoy! http://www.shanghaidaily.com/article/print.asp?id=326522

[PEN-L] Contagiousness

Scholar-googling recent works on the structure of the credit system in the U.S., I bumped into this 2006 paper by NYU Stern's Edward I Altman on the recent boom of credit junk: http://pages.stern.nyu.edu/~ealtman/Are-Historical-Models-Still-Relevant1.pdf

[PEN-L] North American worker cooperation

On July 30, the 1,293 unionized workers (plus 305 temps) of Minera Cananea in Cananea Sonora, Mexico went on strike. They demand more safety in the mines, the opening of a local clinic to provide them with medical care, and recognition of their union representatives. They've been attacked savagely

Re: [PEN-L] Contagiousness

Julio wrote: Scholar-googling recent works on the structure of the credit system in the U.S., I bumped into this 2006 paper by NYU Stern's Edward I Altman on the recent boom of credit junk: http://pages.stern.nyu.edu/~ealtman/Are-Historical-Models-Still-Relevant1.pdf ==

[PEN-L] Dawkins as preacher

Richard Dawkins, TV evangelist Gordon Lynch August 11, 2007 1:00 PM http://commentisfree.guardian.co.uk/gordon_lynch/2007/08/atheism_the_new_zealotry.html What is arguably more interesting about Dawkins's TV work is the sense in which his public advocacy of atheism is coming to look more and m

[PEN-L] Quechan Indians challenge capitalist development

NY Times, August 12, 2007 Far From the Reservation, but Still Sacred? By NELSON D. SCHWARTZ Yuma, Ariz. SQUINTING against the harsh desert sun, Mike Jackson, leader of the Quechan Indians, looks out past his tribe’s casino and the modern sprawl of Yuma and points to the sandy flatlands and the

[PEN-L] Wages, Unequal Exchange and Capital (v.III)

I am currently reading James Becker's "Marxian Political Economy". There is a chapter on "unequal exchange" which I am having some trouble with... The basic mechanism behind unequal exchange is clear - prices must deviate from values to make for equal rates of return. But I want to understand ho

Re: [PEN-L] Contagiousness

Excellent point, Marvin. Too bad Altman did not read Partnoy on the subject of the ratings agencies. They have quite a racket. Companies pay the agencies to rate them with the expected result. On Sun, Aug 12, 2007 at 11:35:25AM -0400, Marvin Gandall wrote: > ===

Re: [PEN-L] North American worker cooperation

Haven't the steel workers been at the forefront of such cooperation? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com

[PEN-L] Raining Stones

Now available in DVD from Koch-Lorber, Ken Loach’s “Raining Stones” is a reminder of how powerful he can be when he focuses on the lives of ordinary working people trapped in poverty. Nobody can gainsay the importance of films such “The Wind that Shakes the Barley”, “Land and Freedom,” and “Car

[PEN-L] Chris Bray on foreclosures

(From the always interesting Chris Bray, a member of the Cliopatria group blog. Bray was a graduate student who served with the military in Iraq. A very sharp guy, even when his politics are suspect.) http://hnn.us/blogs/entries/41800.html Chris Bray Bleeding Past Empty How much pain? As subpr

Re: [PEN-L] Krugman on the credit crunch

On 8/10/07, ravi <[EMAIL PROTECTED]> wrote: > So, how does > one get a definitive answer on this: can we know to any degree of > certainty what the % of involuntarily unemployed adults are? Is this > measurable exclusively from the benefits numbers? The BLS has "Alternative measures of labor under

Re: [PEN-L] Chris Bray on foreclosures

Many economists believed that depressions were "farm led and farm bred". Not long before I went to grad school a not insignificant number of economists attributed the Great Depression to the farm depression that Shoven was describing. -- Michael Perelman Economics Department California State Univ

Re: [PEN-L] North American worker cooperation

Haven't the steel workers been at the forefront of such cooperation? That's my impression. Here's their Global Solidarity page http://www.uswa.org/uswa/program/content/overview_sub.php?modules2_ID=549&modules_ID=549 And, an article from the AFL-CIO blog on USW efforts that helped Firestone wo