Ed,
As always, I enjoy your well-crafted postings. However, I must beg to
differ quite fundamentally from your latest.
You charge people like me with amplifying notions of free-trade,etc, into
an ideology. This seems so from your point of view only because (until
recently anyway) such
Keith,
Your clashes with Ed are always fun. We owe the two of you.
I have argued for some time that even the most inefficient of mixed
economies can survive and prosper because of the incredible productivity we
enjoy.
The job of science is so to untangle the seeming complexity that
Keith:
Ed,
As always, I enjoy your well-crafted postings. However, I must beg to
differ quite fundamentally from your latest.
You charge people like me with amplifying notions of free-trade,etc, into
an ideology. This seems so from your point of view only because (until
recently
My observations on Stiglitz's book has produced a crop of fascinating
replies.
Where Ed says:
There is a tendency to convert intuitive or analytical observations into
truisms and ideologies and then project them into vast supersystems.
and Arthur says:
Gee, maybe economics is like a
. Interesting.
arthur cordell
-Original Message-
From: Oliver,Geoffrey [NCR]
Sent: Monday, July 29, 2002 4:10 PM
To: Cordell, Arthur: ECOM
Subject: RE: Joe Stiglitz's book
A friend at the IMF (whom I rarely agree with) sent me this reference.
Not
surprisingly, Jo hit a nerve!
http
]
Subject: FW: Joe Stiglitz's book
Internal critique of Stiglitz' book. Interesting.
arthur cordell
-Original Message-
From: Oliver,Geoffrey [NCR]
Sent: Monday, July 29, 2002 4:10 PM
To: Cordell, Arthur: ECOM
Subject: RE: Joe Stiglitz's book
A friend at the IMF (whom I rarely agree
Keith Hudson wrote:
My observations on Stiglitz's book has produced a crop of fascinating
replies.
Where Ed says:
There is a tendency to convert intuitive or analytical observations into
truisms and ideologies and then project them into vast supersystems.
and Arthur says:
Gee,
There is a tendency to convert intuitive or analytical observations into
truisms and ideologies and then project them into vast supersystems. The
huge institutional and metaphysical superstructure of the organized
Christian church is built on the simple words that Christ may or may not
have
. A series of statements based on
unproven and unprovable assumptions.
arthur cordell
-Original Message-
From: Ed Weick [mailto:[EMAIL PROTECTED]]
Sent: Monday, July 29, 2002 9:39 AM
To: [EMAIL PROTECTED]; Keith Hudson
Subject: Re: Joe Stiglitz's book
There is a tendency to convert
Thanks for the exceptional comments on Russia in the mid-nineties, Ed.
ED:
I'm not sure of what else might have been done.
LAWRY:
What might have been done was:
1. Recognize that the threat of hyper-inflation was the number one issue in
transforming the Soviet/Russian economy
2. recognize that
-Original Message-
From: Ed Weick [mailto:[EMAIL PROTECTED]]
Sent: Monday, July 29, 2002 9:39 AM
To: [EMAIL PROTECTED]; Keith Hudson
Subject: Re: Joe Stiglitz's book
There is a tendency to convert intuitive or analytical observations into
truisms and ideologies and then project them into vast
Keith,
I fear that Stiglitz missed something that is under his nose, or perhaps
better, under his feet. This leads him to his discussion of the imperfect
market that works better with government intervention.
I'd like to set out the case for a free market - also the reasons for its
failure.
Lawry,
I, too, enjoyed Ed's post.
I think that your suggestions might have worked.
Harry
-
Lawrence wrote:
Thanks for the exceptional comments on Russia in the mid-nineties, Ed.
ED:
I'm not sure of what else might have been done.
LAWRY:
What might
ED: I'm not sure of what else might have been done.
LAWRY: What might have been done was: 1. Recognize that
the threat of hyper-inflation was the number one issue in transforming
the Soviet/Russian economy 2. recognize that the hyperinflation threat
arose from the 'ruble overhang' - a
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