On Thu, 25 Apr 1996 [EMAIL PROTECTED] wrote:
Going further back, didn't Luxemburg see military spending as a
solution to capitalism's underconsumption problems? Malthus saw
There's also a nice bit on this in Walter Benjamin's "The Work of Art in
the Age of Mechanical Reproduction": "War
BLS DAILY REPORT, WEDNESDAY, APRIL 24, 1996
_Sharply higher petroleum prices boosted prices of goods imported into
the United States by 0.5 percent during March, while export prices edged
down 0.1 percent, BLS reports. It was the largest monthly rise in import
prices since May 1995, when
Jim Devine touches upon one of the problems I see as primary with all macro
indicators when he points out that even if the real wage is rising, the gap
between high and low income is widening.
The CPI and all the other macro indicators hide the differential
ability of different segments
When looking at the moves of the 'baby' bells to link up, a little history is
probably appropriate at this moment. In 1952 (I think it was 52, it might
have been 56) WECO owned the bell system as a whole and A.T.T. Long Lines was
a (relatively small) department within the holding corporation.
it is very clear that the us health care systme has great technical ability to
provide high tech medical care. but we are terrible at preventing illness,
especially for some groups (the poor and other marginalized peoples) and in
providing health care to those who are sick if they do not
At 8:02 on Apr 23 Doug Henwood wrote
If you look at workhours rather than using a price index, you get a much
darker picture of wages. I haven't updated these stats in a while, but
between 1973 and 1993, the number of hours required for a U.S. worker paid
the average wage to cover a household's
Another point about the poverty line is that it has increased much less
rapidly than living costs. The poverty line is based on a family budget in
which food counts for a certain percentage, housing a certain percentage,
etc. To compute the budget food is priced and then the cost is
This is a good point (below). Airline quality may well have deteriorated.
Certainly the food has. What has happened to accidents however? And how
about timeliness?
There may be a real opportunity for a contribution here, in terms of
documenting goods and services whose quality has
Thank you too. I find that my understanding of these issues has been
enhanced every time I have commented on one of these messages.
Dave Richardson
--
From: pen-l
Subject: [PEN-L:3956] RE: the CPI
Date: Thursday, April 25, 1996 11:06AM
I want to thank Dave for his willingness to
Eric, thank you for your interesting example (below). In the case you
mention people's real income has clearly gone up, unlike that which has
confronted most of us lately. How do we know this? The quantities, 10 of
each good, which were purchased in Year 1 could have been purchased for
At 1:51 PM 4/26/96, Richardson_D wrote:
The CES reports what the average family spent on various items over the
year. These expenditures then form the basis for the weights used in the
CPI. As far as I can see, the point of Doug's post is that property income
is going up much faster than wages
I haven't been following this thread, but I look at what Mr. Henwood
mentioned as items in the CPI -- the average new car, the average new
house, a year at Yale -- and I have to wonder whether the CPI is any use.
either as
o a measure of the cost of normal folks' lives (in
The News
Mexico City, April 24 1996.
WORLD BANK SEES LATAM ECONOMIC RECOVERY BY '97
By PETER BATE
Reuters
WASHINGTON -- Latin America's economic growth should recover by 1997 to the
pace it had before
The News
Mexico City, April 24 1996.
TALKS CONTINUE ON WHO WILL PAY FOR DEBT RELIEF
The News Staff and Wire Services
Industrialized and developing nations on Tuesday tried to mend their
differences over a
Is this consistent with the terms of NAFTA?
The News
Mexico City, April 24 1996.
ZEDILLO LAUNCHES BASIC GRAIN PROGRAM
By ALEJANDRO ANGELES JIMENEZ
The News Staff Reporter
President Ernesto Zedillo Ponce
Dave Richardson wrote,
Presumably they are better off with their actual purchases than
by continuing with their previous pattern of purchasing equal quantities of
each.
I didn't intend my example to say anything about the standard of
living of consumers.
I understood your theoretical
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