[PEN-L:704] Re: CLC news release on IHAC report

1995-10-09 Thread Jim Jaszewski


On Wed, 27 Sep 1995, D Shniad wrote:

 CANADIAN LABOUR CONGRESS -- FOR IMMEDIATE RELEASE
 WEDNESDAY, SEPTEMBER 27, 1995 
  
 Fewer jobs, more profits --
 
 INFO HIGHWAY TO SERVE BIG BUSINESS: 
 IHAC MEMBER PARROT 
 For more information: 

[...]

 Jean-Claude Parrot, Executive Vice President 
 Canadian Labour Congress  (613) 526-7403 
 
 Alexander Crawley, President 
 Assn. of Can. Cinema Television  Radio Artists (416) 489-1311 
  
 opeiu225

Does Parrot have an email address at the CLC??

Crawley at his union?


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º   + if you agree copy these 3 sentences in your own sig +  º
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̹
º Those who would give up essential Liberty,  Benjamin Franklin  º
º to purchase a little temporary Safety,  Pennsylvania Assembly  º
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̹
º Jim Jaszewski [EMAIL PROTECTED] PGP Public Key available. º
º http://www.freenet.hamilton.on.ca/~ab975/Profile.html  º
ȼ




[PEN-L:705] Re: capital good exports

1995-10-09 Thread Alan Freeman

Dear Anthony

Catching  up  on  the brief PEN-L discussion  on  capital  goods
markets  I was extremely interested in the facts which  you  and
others  report.  My  view, which I think can  be  well-supported
mathematically,  is  that a principal source  of  inequality  in
relations between nations is the monopolisation of technological
rents by the North.

I want to find out if it is supported by empirical evidence.

It  can  be  shown  theoretically, I think,  that  regional  and
national monopolies of technical rents arises automatically from
the  operation  of  the market; it is not  necessary  to  assume
special   or   'non-market'  conditions  such  as   specifically
monopolistic  behaviour or manipulation  by  multinationals;  or
historical   precapitalist  backwardness  in  the   'developing'
countries. This does not mean such conditions do not  exist;  it
does  mean that abolishing them will not cure the problem.  Just
as   abolishing  unfair  labour  practices  will   not   abolish
inequality between capitalists and labourers.

The only assumption necessary for the theorem is that capitalism
is  universal  (a 'pure market economy') and labour productivity
is   rising  through  technical  progress.  The  market   itself
endogenously generates inequality between regions. This  can  be
extended  to  nations,  nations being for  the  purpose  of  the
theorem  defined  as regions with a single money  which  bar  or
limit immigration (Uniform market within nations, no free market
in  labour  between nations, otherwise uniform world market).  I
want to test this theorem against observed reality.

The   analysis  depends  on  the  behaviour  over  time  of  the
introduction  of  new technology, that is, it is path-dependent.
Static analysis therefore does not reveal it. I believe this  is
the  foundation  of  the  errors of the standard  trade  theory.
Naturally, if this could be demonstrated both theoretically  and
empirically,  it  would punch a gigantic hole  in  the  standard
theory.

Endogenous inequality would arise if the 'advanced' regions  and
nations  specialised in those branches of the world  economy  in
which  the  productivity of labour is rising in  use-value  (so-
called  physical) terms (the unit value of these  outputs  would
therefore be falling). However, unless input costs change, value
output   and  hence  money  receipts  per  worker  would  remain
unchanged.  Typically,  this  would apply  for  example  in  the
manufacture of capital goods where the first version  of  a  new
machine (or item of software) is generally produced with a  high
labour  intensity, often handicraft labour, which  then  rapidly
falls  as  the  method  of production gets standardised  and  as
standard  components become generally available. The  production
of computers is typical in this respect.

This  is not symmetrical with producers who purchase the outputs
of  the  sectors described above. Relative Surplus Value is  not
symmetrical and its benefits are therefore not universal,  which
stands  in  contrast to the general view that  the  benefits  of
technical progress are universal. Such producers will experience
falling material costs which will reduce output prices, but  the
'physical' productivity of labour will not necessarily change as
a  result since the technology has not altered, merely the costs
of  its elements. Such producers experience a falling output  of
gross value per worker, i.e. falling gross receipts per worker.

Thus  the  labour of the second type of producer, compared  with
the  labour  of  the first type of worker, is  productive  of  a
constantly falling amount of value (in money terms).

Neoclassical theory has it that capital transfers to the regions
containing  the  second type of producer should equilibriate  or
average out these differences over time.

However  I  believe this theory can be disproved  rigorously  by
considering  the  process of capital movement  under  continuous
technical change.

It  can  be  shown  that through the operation  of  the  market,
producers  of the second type wil *also* experience a lower  net
value  product per worker. The labour of workers in such sectors
appears  less  productive  of value. A  worker  in  an  advanced
country  may cost more but appears to create more value, because
the value-creating capacity of her or his labour is enhanced  by
disguised value transfers from the 'backward' countries.

It   has  always  been  considered  that  differences  in  value
productivity  in  the  'developing' nations  is  the  result  of
backward  conditions.  But  the  market  itself  generates  this
'backwardness':the   'development   ofunderdevelopment'.
'Backwardness' is merely an initial condition; the  question  is
how it becomes institutionalised. If it is institutionalised  by
the  market, then the market is not a solution, as I think  many
people in the world are discovering.

These  value losses I believe are transferred in 

[PEN-L:706] Re: Assassination of Martin Luther King

1995-10-09 Thread Jim Jaszewski


On Thu, 28 Sep 1995, D Shniad wrote:

 Martin Luther King Jr.
 
 CIVIL RIGHTS LEADER 'KILLED BY U.S. AGENTS,' NEW
 BOOK CHARGES
 
 Andrew Billen
 Observer News Service
 
 LONDON -- Civil rights leader Martin Luther King
 Jr. was assassinated by America's secret services,
 a book about to be published in the United States
 claims.

Gee...  the silence on this one is DEAFENING.

Or is it just apathy?

(maybe fear of ridicule for even acknowledging the possibility?)

In that case I hope Shniad doesn't post anything on the Kennedy 
brothers..!  :


É»
º    stop the execution of Mumia Abu-Jamal   º
º   + if you agree copy these 3 sentences in your own sig +  º
º    more info: http://www.xs4all.nl/~tank/spg-l/sigaction.htm   º
̹
º"Although it is not true that all conservatives are stupid people...º
º   it is true that most stupid people are conservative" º
º   - John Stuart Mill   º
̹
º Jim Jaszewski [EMAIL PROTECTED] PGP Public Key available. º
º http://www.freenet.hamilton.on.ca/~ab975/Profile.html  º
ȼ



[PEN-L:707] Japanese Heterodox Economics

1995-10-09 Thread Eric Nilsson

 ANNOUNCEMENT

PKT (csf.colorado.edu/econ) now has a link to a web
site intended for Japanese heterodox economists.

This is the home page of Hironori Tohyama at Shizuoka 
University in Japan:
http://hlpc2.jcle.shizuoka.ac.jp/
The link is found toward the bottom of the pkt page.

Currently, this web site is only 10% in English (the rest are characters that, 
when read by the proper software, becomes Japanese characters).

Hironori might be revising this web site so that it becomes more of
a link between Japanese heterodox economists and heterodox
economists elsewhere in the world.

You might check it out now and also in a month or so when Hironori
might have added more material to it.

Thanks.

Eric

..

Eric Nilsson
Department of Economics
California State University
San Bernardino, CA 92407
[EMAIL PROTECTED]



[PEN-L:708] Re: Assassination of Martin Luther King

1995-10-09 Thread Gilbert Skillman

"Although it is not true that all conservatives are stupid people...o
 o   it is true that most stupid people are conservative" o
 o   - John Stuart Mill   o

Jim, what's the citation on this quote?  Gil Skillman



[PEN-L:709] mike lebowitz's address

1995-10-09 Thread John L Gulick

Sorry to interrupt public postings on this list, but I was wondering if
anyone could zap me Mike Lebowitz's e-mail address. Please send it directly
to me at [EMAIL PROTECTED] so as to avoid rude interventions
such as that which I just regrettably made.

Thanks,

John Gulick
UC-Santa Cruz Sociology
research: eco-Marxist sociology of the built environment 



Conservative and stupid

1995-10-09 Thread Robert Peter Burns

Among many British academics the Conservative Party is often
referred to as the Stupid Party--perhaps this has some historical
link to the quote below, but I don't know.  The last poll I saw
on the subject put voting support among university lecturers
for the Tories in the single figures.

Peter Burns SJ
[EMAIL PROTECTED]


 
 "Although it is not true that all conservatives are stupid people...o
  o   it is true that most stupid people are conservative" o
  o   - John Stuart Mill   o
 
 Jim, what's the citation on this quote?  Gil Skillman
 



[PEN-L:711] Dock Strike In Liverpool - Urgent Support needed (fwd)

1995-10-09 Thread D Shniad

Forwarded message:
 From @UBVM.CC.BUFFALO.EDU:[EMAIL PROTECTED] Mon Oct  9 02:27 PDT 1995
 Message-Id: [EMAIL PROTECTED]
 Date: Mon, 9 Oct 1995 10:21:00 BST-1
 Reply-To: [EMAIL PROTECTED]
 Sender: Forum on Labor in the Global Economy 
[EMAIL PROTECTED]
 From: Gregory Coyne [EMAIL PROTECTED]
 Subject:  Dock Strike In Liverpool  - Urgent Support needed
 X-To: [EMAIL PROTECTED]
 To: Multiple recipients of list LABOR-L [EMAIL PROTECTED]
 Content-Type: text
 Content-Length: 3710
 
 Please circulate this message widely.
 
 Over 400 dock workers have been dismissed by the Mersey Dock and Harbour
 Company and associated companies. These men were amongst the last port
 workers in Britain to maintain trade union recognition at their place of
 work. Virtually every other port in the country has been de recognised
 and  activists have been bought off, intimidated or victimised.
 
 It is now apparent that the Mersey Dock and Harbour Company intends to do
 the same in Liverpool. The struggle started over the dismisal of men from
 a related company  and has escalated into a battle against dreaded casual
 labour systems.
 
 In ports like Liverpool the style of casual labour employment where
 employees were hired and fired on the whim of foremen, where union
 organisers were always overlooked, where wages were paid by the foremen
 to the hired men in local pubs and where kickbacks to the foremen were
 universally expected, was widespread. The system spread to many other
 port related industries like transport, and continued in Liverpool until
 relatively recently. There is widespread resentment and fear about its
 return.
 
 The dock workers took srtike action immediately after the sacking of
 colleagues who refused to work without overtime payments. The Company
 responded by sacking the whole workforce. In Britain, such immediate
 strike action, particularly when no secret ballot has taken place to
 endorse the action, is illegal. If the dock workers union, the TGWU, are
 seen to support the men then the union is held liable to pay substantial
 damages until it desists from such support.
 
 The men are now caught in a trap. They cannot return to work since they
 are dismissed and the company is setting about the hiring of new workers.
 If they are not in work they cannot complete the complicated legal
 procedure that has to be undergone to make a strike legal in Britain
 today. It is therefore likely that they cannot receive any material aid
 from their union since the union would then itself be broken by the
 financial penalties that the courts would impose.
 
 They are therefore mounting a struggle themselves and they need lots of
 support.
 
 In particular they need you
 
 1. To affect the trading in the port of Liverpool in any way that you can.
 
 2. To raise support and cash. Speakers will travel to address meetings in
 Britain and cheques should be made payable to Jimmy Davis, Secretary to
 the Port Shop Stewards Committee, CO TGWU, Transport House, Islington,
 Liverpool. Tel: 0151 207 3388 Fax: 0151 298 1044
 
 3. To raise the case with politicians, particulalry European Union
 politicians since the Mersey Dock and Harbour Company is set to receive
 major European cash as a result of Merseyside having Objective 1 status.
 
 4. To pass on information to the dockers about any activities of the
 Mersey Dock and Harbour Company that you know of.
 
 5. To give examples of campaign activities against a company that could
 be undertaken, particularly activities that will undermine the financial
 viability of the company but which are not in themselves legal.
 
 Such campaigns have not been too common in Britain and there is little
 experience in the leadership of unions about running a war of attrition,
 other than through the use of strike action. So examples from other
 countries could be really helpful in allowing us to overcome the legal
 minefield that ensnares trade union activity in Britain. Any ideas would
 be welcome on how to go about a campaign and examples and contacts would
 be helpful.
 
 You can contact the dockers on the address in point 1 above. Or if it is
 easier I will pass on email messages to them as and when I can.
 
 Thanks in advance.
 
 Regards Greg
 [EMAIL PROTECTED]
 



[PEN-L:712] Slave culture and industry WAS Time's Re...

1995-10-09 Thread GC-ETCHISON, MICHAEL

Eric Nilsson writes 10/6:

Those who claim slavery and industry are incompatible are not aware of 
this large literature: this speaks badly for their historical research 
and knowledge.

A riposte to a point I did not make.  Of course slaves can be made to 
work in factories.  Of course factory work as such does not automatically 
bring out the best in folks.  Of course it would be hard _in some 
factories_  to distinguish between slave and non-slave working 
conditions.

He points to

econometric evidence [showing] SLAVEHOLDER culture as holding  back 
investment in industry. 

Leaving aside the persuasiveness of econometric evidence when, apart 
from theoretical issues, the data are so spotty, this does not undercut 
either Cox/DeSouza or my comments on (not necessarily endorsement of) 
them.  Does a Marxist have difficulty understanding that when an employer 
thinks of "employment" as being an essentially command operation, that 
employer is likely to be less alert to opportunities to invest in 
industrialization?



Maggie Coleman writes 10/6 to point out that not only were there slaves 
working in factories, but many felt that the non-slaves who worked in 
factories were not much better off.  Even if we look only at conditions 
actually on the job (and, to a lesser extent, in the company towns), she 
has a good point there.  Which she overstates.

Constricted though the millhand's scope was while at the spindle, there 
was more to life than that.  I recognize that Ms. Coleman and I are 
looking at different aspects of the factory experience -- roughly, she 
looks for/at oppression, I, at opportunity -- but there is, I think, 
common ground available.  The "free" hand's choices were constrained at 
best, far more (I think she would agree) than a modern worker would find 
comfortable, but they were obviously greater than a slave's.  To make a 
case that "free" hands were _significantly_ freer than slaves one need 
not show that each mill hand became a mill-owner, or a freeholder, or 
anything but a factory worker.  My impression is that many got out of the 
factories into what they (and, presumably, we) would take to be better 
lives.  More, those so inclined (subject, of course, to the overhanging 
fatalism which factory drudgery can impose) had at the very least the 
formal opportunity to improve themselves, inside the factory or out -- 
relatively few of the industrializing entrepreneurs were born to silk, 
and far fewer of the skilled craftsmen who formed the essential body of 
expertise necessary to support industrial progress in technology and 
organization.  Those paths were altogether closed to slaves.  (As she 
does not mention, female "free" workers had far more opportunities to 
choose both their work and their spouse than did slaves.)

If one works in a setting in which escape is absolutely impossible, is 
one not likely to have a different set of attitudes/beliefs/behaviors 
than is one who, at least abstractly, is not foreclosed from improving 
his station?  Not every "free" worker would become a master craftsman or 
a foreman, let alone an independent entrepreneur; indeed, not every one 
aspired to.  But such aspirations were not preposterous, and some dreams 
did come true.  It was because they _could_ come true, Cox and DeSouza 
appear to agree, that "free" workers developed a culture in which hard 
work, ambition, punctuality, and so on were encouraged.  The 
possibilities open to slaves were monstrously slimmer.  In a rush to 
deplore the working and living conditions or "free" hands, or the 
honorable impulse to recognize the accomplishments-against-odds of which 
slaves proved themselves capable from the beginning, it ought not be 
necessary to undervalue the harm done slaves.  

Please note that I am not saying that any of the data referred to by Ms. 
Coleman are incorrect -- only that the conclusions she draws are not 
quite apposite to the Cox/DeSouza reasoning.  It appears, from her 
summaries of the sources she cites, that reliance on indentured workers 
was decreasing significantly by the time of the civil war; she certainly 
does not argue that the conditions in which slaves worked -- and the 
futures they could reasonably imagine -- had improved significantly for 
those (relatively few) slaves working in factories.  Nor do her summaries 
mention what must surely have been a significant number of "escapes" from 
indentures, which must have been infinitely easier to make good than 
slave escapes.  At bottom, what matters is what the actors can visualize 
themselves being.  Does Ms. Coleman or Mr. Nilsson hold that slaves' and 
"free" workers' visions of the possibilities open to them (or their 
children) were indistinguishable?  

Michael Etchison

[opinions mine, not the PUCT's]





[PEN-L:713] Re: Slave culture and industry WAS Time's Re...

1995-10-09 Thread Eric Nilsson

Michael Etchison wrote,
Leaving aside the persuasiveness of econometric evidence when, apart 
 from theoretical issues, the data are so spotty, this does not undercut 
 either Cox/DeSouza or my comments on (not necessarily endorsement of) 
 them. 
and
 Does Ms. Coleman or Mr. Nilsson hold that slaves' and "free" workers' 
 visions of the possibilities open to them (or their children) were 
 indistinguishable?

Mr. Etchison's  comments reveal (again) a lack of familiarity with
the existing literature on slavery. There is a large literature 
(econometric and noneconometric) on Black slave and White
slaveholder culture and its relationship to economic development.
A simple statement that the data is "spotty" fails to destroy
this literature. In any case, I bet Mr. Etchison is not aware of
what data has been used in the study of US slavery.

Of course the options available to slaves and nonslaves were very 
different. This has been written about. But the leap between
this fact and the claim that Blacks must accept White culture is
a pretty large leap.

There is a large literature very consistent with Mr. Etchison's 
claims: that of White Southerner's trying to justify
slavery (and of the attempt to bring Blacks "to civilization") 
and of other historians writing in the early part of this century who
were very upfront in stating their beliefs that Blacks (and
their culture) were inferior to Whites (and their culture). They were
also interested in justifying the enslavement of Blacks (and the
then current discrimination for Blacks in US society). But at least,
unlike DeSouza, they were honest about this.

Eric
..

Eric Nilsson
Department of Economics
California State University
San Bernardino, CA 92407
[EMAIL PROTECTED]



[PEN-L:714] Crisis, style and rescue

1995-10-09 Thread Tom Walker

A TOUR OF AMERICAN DECLINE

Doug Henwood's apt warning, "Never ever expect that things have gone too 
far. Things can always go farther." reminds me of Walter Benjamin's comment 
that, "for the suffering of individuals and communities there is only one 
limit beyond which things cannot go: annihilation." Benjamin was writing 
about the German Inflation of the 1920s and was commenting on the stupidity 
and cowardice of the German bourgeoisie, particularly on their cliched 
reaction to economic decline that "things can't go on like this."

As Benjamin pointed out (rightly), the situation of crisis and decline had 
quite remarkable stability, even if that stability was of an entirely new 
kind, and even if it was unpleasant. Far from seeing decline as 
extraordinary, Benjamin pointed out (again, rightly) that *rescue* from the 
situation had to be perceived as "extraordinary, verging on the marvelous 
and incomprehensible."

With the benefit of hindsight, we know that there *was* no extraordinary 
rescue. Instead "things went on" to Nazism, war and holocaust. And for 
Benjamin, exile and death (not to mention incomprehension). Would that 
someone on this list could assure me that civilization has progressed so far 
in the last half century that such barbarities are no longer thinkable.

INCOMPREHENSIBLE RESCUE

Again, a quote from Benjamin's "Tour of German Inflation": "A curious 
paradox: people have only the narrowest private interest in mind when they 
act, yet they are at the same time more than ever determined by the 
instincts of the mass. And more than ever mass instincts have become 
confused and estranged from life. Whereas the obscure impulse of the animal 
detects, as danger approaches, a way of escape that still seems invisible, 
this society, each of whose members cares only for his own abject 
well-being, falls victim, as a blind mass, to even the most obvious danger."

Wherein lies that invisible, *incomprehensible* way of escape? Benjamin 
instructs us, in typical, elliptical fashion: 

"The earliest customs of peoples seem to send us a warning that in accepting 
what we receive so abundantly from nature we should guard against a gesture 
of avarice. For we are able to make Mother Earth no gift of our own. It is 
therefore fitting to show respect in taking, by returning a part of all we 
receive before laying hands on our share..."

"What?" you ask, "That's it? That's all there is to it?"

Well, no, there's more, but I hesitate to go on. I can only continue if I 
KNOW that someone is listening, that they have paid attention to what I have 
reported so far and that they want to hear the rest of the "tale". 
Otherwise, I will have to assume that my "style" is too incomprehensible and 
that, as Bob Dylan sang, "the answer my friend is blowin' in the wind. The 
answer is blowin' in the wind." 
Regards,

Tom Walker
knoW Ware Communications
[EMAIL PROTECTED]
http://mindlink.net/knoWWare/



[PEN-L:715] Apology

1995-10-09 Thread Eric Glynn

Pen-l'ers:

Apologies for cluttering the list with business completely irrelevant to
it, earlier today. My Eudora nicknames file was somehow corrupted, an
embarrassing by-product of advanced technology.

Yours,

Eric Glynn




[PEN-L:717] Jobs Organizing Workers

1995-10-09 Thread Eric Nilsson

Below is information that is perhaps of interest to some
of your students. 

   A Different Kind of Job
Employer:Labor Unions affiliated with the AFL-CIO
Job Title:  Union Organizer
Pay:  Depends on union and location. The starting salary range
 is $20,000 to $30,000 with additional benefits.

Union organizers assist workers in gaining union representation. 
Whether they are working with university clerical employees or 
Southern textile workers, the goal of an organizer is to assist 
workers in forming a union at their workplace. This requires them
to develop leadership, educate people about their rights, explain
the process, and run a campaign for union recognition.

While there are no specific educational requirements, union 
organizing is extremely challenging and is not for everyone. To
success as an organizer, an applicant should have the following
strengths: excellent communication skills, leadership ability, 
commitment to building a stronger labor movement, maturity and
flexibility, ability to handle stress and responsibility, and 
strategic thinking.

Pay: depends on union and location. The starting salary range
is $20,000 to $30,000 with additional benefits.

The AFL-CIO Organizing Institute recruits and trains potential
organizers from a variety of backgrounds. WOMEN, PEOPLE OF
COLOR, and MULTILINGUAL individuals are encouraged
to apply. 

For more information contact: 1-800-848-3021 or 
[EMAIL PROTECTED]

..

Eric Nilsson
Department of Economics
California State University
San Bernardino, CA 92407
[EMAIL PROTECTED]



[PEN-L:716] Jobs available! (fwd)

1995-10-09 Thread Michael Perelman

Forwarded message:
From [EMAIL PROTECTED] Mon Oct  9 12:24:24 1995
Date: Mon, 9 Oct 1995 14:24:14 -0500
From: rashid salim [EMAIL PROTECTED]
To: Michael Perelman [EMAIL PROTECTED]
Subject: Jobs available! 
Message-Id: [EMAIL PROTECTED]
Mime-Version: 1.0
Content-Type: TEXT/PLAIN; charset=US-ASCII



---
Professor Salim Rashid
Dept. of Economics, Room # 309
Commerce West Bldg., 1206 South Sixth St.,
Champaign, IL 61820 : Tel. (217)333-7388
e-mail : [EMAIL PROTECTED]
---




First private University in Bangladesh needs faculty to teach courses 
listed below. Experience and professional record preferable. Competitive 
salaries offered. Fax CV to Mr. M. Ahmad, president, North-South 
University, Dhaka, Bangladesh. Fax number: 880-2-883030 and e-mail: 
[EMAIL PROTECTED] and copy to professor Salim Rashid, Economics, 
UIUC, fax: 217-244-6678 and e-mail: [EMAIL PROTECTED]

a) Marketing (Lower and Higher level)
b) Human Research Development
c) Legal Environment
d) General Management/International Management
e) Production Management/Management Science
f) Finance and Accounting




-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail [EMAIL PROTECTED]



[PEN-L:718] Empowerment Zones references

1995-10-09 Thread Lynn.Duggan

I'm posting this request for an undergraduate student who is writing a paper
on the "Empowerment Zone" (alias enterprise zone) that is planned for Detroit.
Can anyone recommend references either on zones in the US or on zones
elsewhere that contain analysis that might be applied to the particularities
of this phenomenon in the US?  (We have the Challenge article by Levitan and
Miller that is in Susan Feiner's book, Race and Gender in the American
Economy.) Any other ideas would be much appreciated.
  Thanks,
  Lynn Duggan
  [EMAIL PROTECTED]



[PEN-L:719] Re: mike lebowitz's address

1995-10-09 Thread Fikret Ceyhun

Here is his e-mail address: [EMAIL PROTECTED]

Fikret Ceyhun
Dept. of Economics  e-mail: [EMAIL PROTECTED]
Univ. of North Dakota   voice:  (701)777-3348   office
University Station, Box 8369(701)772-5135   home
Grand Forks, ND 58202   fax:(701)777-5099


On Mon, 9 Oct 1995, John L Gulick wrote:

 Sorry to interrupt public postings on this list, but I was wondering if
 anyone could zap me Mike Lebowitz's e-mail address. Please send it directly
 to me at [EMAIL PROTECTED] so as to avoid rude interventions
 such as that which I just regrettably made.
 
 Thanks,
 
 John Gulick
 UC-Santa Cruz Sociology
 research: eco-Marxist sociology of the built environment 
 



[PEN-L:721] Re: capital good exports

1995-10-09 Thread Paul Cockshott

I can accept much of your argument Alan, but how
to you claim that actual value transfers occur from
the low to the high productivity regions, if the former
have a lower rate of value production?



[PEN-L:724] Re: Slave culture...

1995-10-09 Thread MScoleman

What is PUCT?  maggie



[PEN-L:725] Re: Slave cul...

1995-10-09 Thread MScoleman

Sorry for three postings on the same thing -- just one more point in
reference to the issue of "Yankee values."  The values referred to,
especially 'punctuality' were the values of the capitalists building the
factories, not necessarily the values of the population in the factories.
 Further, the almshouses built throughout the northeast to accomodate growing
armies of the indigent were the insitutions which inculcated those work
values in the work house populations because they were needed by the new
capitalists.  See Michael Katz "In the Shadow of the Poorhouse."

maggie coleman [EMAIL PROTECTED]



[PEN-L:722] Re: the mighty greenspan

1995-10-09 Thread DICKENS

Jim Devine suggests that "the normal tendencies of capitalism," not
Greenspan, control nominal interest rates.  Name one.  The profit
rate establishes an upper limit in the long run, and the administrative
costs of intermediation establishes a lower limit, but that leaves
Greenspan with plenty of room to maneuver, especially in the short
run when such limits don't apply.

Michael Perelman suggests that internationalization limits the Fed.
Why?  There is an external constraint on the Fed's ability to lower
interest rates, but it can be removed at any time by implementing
exchange controls.  Even without exchange controls, there is not
limit on the Fed's ability to raise interest rates.  All it has to 
do is slow down its net purchases during the Treasury's refunding
operations.  There may be some capital inflow, but that would force
foreign interest rates up, not U.S. interest rates down.  So Michael's
original point still stands:  Greenspan has the power to kill people.

Edwin Dickens