Re: [PEN-L] The Long Fall

one should not underestimate the capacity of US empire to generate imperial rents by killing abroad. little that it matters how its accounts go, much that matters on its imperial aggression.. the 20 century killing spree is not far off __ Do You

[PEN-L] iran is not a liberation project

according to the author: there cannot be obscurantist anti imperialism, he says snip The second prime project in the Arab region is the Iranian project. Its problematic aspect is that it is not a liberation project, but rather it is predicated on an agenda of expansion with nationalist and

Re: [PEN-L] central bank credibility v. transparency

Julio: If people in the financial markets do this, how come they get the fundamentals so wrong? Maybe their perspective is not that of the working class. Maybe they don't care about human survival, let alone building communism. Maybe they only care about profits in the short run. Their

Re: [PEN-L] query: neoliberals

How about “market fundamentalism”? GK - Jim D. wrote: in my never-ending battle against the use of clichés, I'm looking for a new synonym for neoliberal and neoliberalism. I think marketron is a good replacement for neoliberalism, but marketronism is too clumsy. Any ideas?

[PEN-L] Nations share blame for Indonesia deforestation-VP

Reuters.com Nations share blame for Indonesia deforestation-VP http://www.reuters.com/article/latestCrisis/idUSJAK66750 Fri Nov 9, 2007 JAKARTA, Nov 9 (Reuters) - Foreign nations share the blame for the destruction of Indonesian forests and should pitch in to help restore them, Vice President

Re: [PEN-L] The Long Fall

Greetings Economists, On Nov 12, 2007, at 12:40 AM, soula avramidis wrote: one should not underestimate the capacity of US empire to generate imperial rents by killing abroad. little that it matters how its accounts go, much that matters on its imperial aggression.. the 20 century killing spree

Re: [PEN-L] central bank credibility v. transparency

Shane Mage wrote: What meaning can the true probability distribution have here? Probability distribution (objective) can apply to the outcome of a series of random events like throws of dice or spins of a roulette wheel, or to (subjective) *an* estimate of the likelihood of various (mutually

Re: [PEN-L] central bank credibility v. transparency

Julio Huato Writes: The way I look at it, ultimately, all financial assets are contingent claims on physical productive assets: means of production (MP) and labor power (LP). This is a plain accounting fact. The price of MP and LP (in social settings where they're commodities) have objective

Re: [PEN-L] Libertarians on the Central Banks

On Sun, 2007-11-11 at 15:35 -0800, Jim Devine wrote: Laurent writes: PS: the astute reader will have noticed that USA fed/gov debt makes 99.9% of the headlines and papers but count for less than 20% of total USA debt, the other 80% is unknown to MSN and most economists. One sector

[PEN-L] Whigs and Democrats

In the course of reading T.J. Stiles’s excellent biography of Jesse James as background for a review of movies about the famous bandit, including the latest with Brad Pitt in the leading role, I came across a number of references to the Whig Party's efforts to straddle the fence between

Re: [PEN-L] central bank credibility v. transparency

On Nov 12, 2007 5:54 AM, Marvin Gandall [EMAIL PROTECTED] wrote: Actually, many accepted that prices were way out of whack, and were terrified of the systemic implications and the possibilty of their being caught in the inevitable downdraft. So in that sense their own survival and that of

[PEN-L] No recession

From: Fred Feldman I am not necessarily in disagreement with your assessment. I assume it is an assessment and not just a prediction, since you are not claiming to be either the late Jeane Dixon or Nostradamus. CB: Yes, my assessment is based in a sort of dumb empiricism of the last couple

Re: [PEN-L] central bank credibility v. transparency

Julio Huato wrote: The way I look at it, ultimately, all financial assets are contingent claims on physical productive assets: means of production (MP) and labor power (LP). This is a plain accounting fact. The price of MP and LP (in social settings where they're commodities) have objective

[PEN-L] insanely lucrative investment strategy finally faces public scrutiny

insanely lucrative investment strategy finally faces public scrutiny by Adam Doster In These Times (October 29 2007) Employees knew that Hastings Manufacturing Company, a family-owned auto-parts supplier thirty miles south of Grand Rapids, Michigan, was in deep water. Facing financial

Re: [PEN-L] query: neoliberals

thanks. I've decided to keep calling them neoliberals. I see neoclassical economics as type of economics and neoliberalism as a political ideology. The overlap of these two sets is largely what I call the Ekon, those crude economists who dominate textbooks and policy discussions. (Marx would have