G'day Rod,
Ormerod is one who makes much of the power of Economics 101 to close the
mind. By the end of this crucial year, it seems, students have internalised
the homo oekonomicus view of self and others to the degree it has altered
their behaviour in games. A third-year introduction to
NY Times, September 1, 1999
2 Suffolk County Boys Contract Malaria at Local Scout Camp
By JOHN T. McQUISTON
HAUPPAUGE, N.Y. -- Two 11-year-old boys who attended a Boy Scout camp in
Calverton on the North Shore of Suffolk County this month have come down
with malaria, state and county officials
-Original Message-
From: [EMAIL PROTECTED]
From The Nation, September 20, 1999 (http://www.thenation.com/)
Buchanan Breaks Ranks
It is impossible
because Americans won't tolerate "another Vietnam" and don't intend to
provide the military resources to make good on global
Book review from the Economist on Line
The morality of warfare
Is closer necessarily worse?
AN INTIMATE HISTORY OF KILLING.
By Joanna Bourke.
Granta; 564 pages; £25
I have heard Phil Harvey of Rutgers Law School use this story on more than
one occasion in public presentations. No matter how much dogs are trained
to be good bone gatherers, as long as the number of bones remain fixed,
there will still be dogs left without bones. Even if all dogs had
First of all, if you read my post, I in no way said training and education
programs are a "scam", nor did I say that Phil Harvey said so. What I said
was that any policy program to reduce joblessness that did not address the
issue of job creation was insufficient. It does not mean that I am
Brad is correct that the number of raw jobs has increased, but so has the labor
force participation rate. Could we say that Greenspan raised rates to maintain
a "natural level of bonelessness"?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel.
Ajit Sinha wrote:
Michael, your firm must have a market value today. How do you arrive at the market
value of your firm?
Why? Is it reflected in the stock market value? The value of a firm cannot be known.
The market is too thin
to know the price in advance of its sale on the market,
The cost to the seller only has some relation to what it can be sold for depends on
whether the capital good has
been suceeded by new technology and whether the output of the machine is still
desired. If technology has moved
on, a machine which cost $500 million might now be scrap. Right now,
Of course. Everyone knows that politically-enforced unemployment has
been/is used to maintain price stability, as well as to discipline labor and
so on. I would argue that Marx's theory is not the same as either the
natural rate of unemployment or NAIRU (and the natural rate of unemployment
and
BLS DAILY REPORT, TUESDAY, AUGUST 31, 1999
RELEASED TODAY: In June 1999, there were 1,141 mass layoff actions by
employers as measured by new filings for unemployment insurance benefits
during the month, according to BLS. Each action involved at least 50
persons from a single establishment,
An op-ed by PETER ROSSET
There is no relationship between the prevalence of hunger in a given
country and its population. The real problems are poverty and inequality.
Too many people are too poor to buy the food that is available or lack land
on which to grow it themselves. . .
First of all, if you read my post, I in no way said training and education
programs are a "scam", nor did I say that Phil Harvey said so. What I said
was that any policy program to reduce joblessness that did not address the
issue of job creation was insufficient. It does not mean that I am
Michael Perelman wrote:
The problem that Ajit ignores is that most capital goods do not have a *price*. For
example, a
specialized piece of capital goods may be specific to my firm. It might have a very
low value for any
other firm or have to be sold for scrap. If an accident destroyed
From The Nation, September 20, 1999 (http://www.thenation.com/)
Buchanan Breaks Ranks
In Washington, a city in which (to borrow a phrase from Virginia Woolf) all
is gossip, corruption and chatter, the end-of-summer buzz has been about
Pat Buchanan and whether he'll bolt the Republicans to seek
At 06:48 AM 9/1/99 -0700, Brad deLong wrote:
I have heard Phil Harvey of Rutgers Law School use this story on more than
one occasion in public presentations. No matter how much dogs are trained
to be good bone gatherers, as long as the number of bones remain fixed,
there will still be dogs left
Look, the metaphor is not *against* education and training. Can't you see
the difference between something being *wrong* and something being
*incomplete*? Mat
-Original Message-
From: Brad De Long [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Wednesday, September 01,
Training dogs to be better bone gatherers and increasing the supply of bones
are not mutually exclusive.
-Original Message-
From: Mathew Forstater [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Wednesday, September 01, 1999 12:06 PM
Subject: [PEN-L:10534] Re: Re: Re: Re:
NY Times, September 1, 1999
To Professors' Dismay, Ratings by Students Go Online
By IAN ZACK
John Moriarty, a 21-year-old business major at the University of Texas, was
eager to enroll in a marketing course whose "syllabus sounded really
intriguing."
But first, like many collegians, he sat
Louis Proyect wrote:
NY Times, September 1, 1999
To Professors' Dismay, Ratings by Students Go Online
By IAN ZACK
John Moriarty, a 21-year-old business major at the University of Texas, was
eager to enroll in a marketing course whose "syllabus sounded really
intriguing."
But first,
Training dogs to be better bone gatherers and increasing the supply of bones
are not mutually exclusive.
Enough poop has been scooped.
I would say it's time to put this metaphor to sleep.
Clifford the Big Red Dog
That sounds like a good recipe for popularity contest and hollywoodization
of teaching - idiots who cannot act/teach being propelled to the status of
celebrity by popularity ratings and ticket sales.
Some possibilities of this pseudo-democratic idiocy:
- religious right or republicans organize
Re Rod's remark: Micro seems counter-intuitive to most students because it
flies in the face of all they have observed.
It is only some of them who are willing to accept that stuff. Those few
go on to be economists!
Gene Coyle
Ellen Frank wrote:
Rod wrote:
I find it hard enough getting
If "modern science" is the only "science", then why is it that Incas,
Aztecs, Mayans, Mississippians and other Indigenous cultures were able to
construct cities and structures that, in terms of scale and precision, could
not be duplicated with the most advanced measurement and engineering methods
WB Devt News 9/1/99
NATION-WIDE STRIKE BRINGS COLOMBIA TO A STANDSTILL. Colombia yesterday woke up
to virtual silence yesterday, as the country?s labor unions began the first
day
of an indefinite national strike in protest at the government?s political,
social, and economic agenda, reports
Brad writes: Do y'all [sic] allow your students to learn that employment
in the United States has risen from 66 million in 1960 to 133 million today?
That the population and the employment/population ratio have risen, partly
as more and more families had both adults working for pay (if they have
All merit systems, whether based on peer review, administrative
review, student review, or some combination have one ultimate
effect: they increase the power of management. Can you imagine
what student reviews of a progressive professor would have looked
like in the early 1950s?
it's important
-Original Message-
From: [EMAIL PROTECTED]
All merit systems, whether based on peer review, administrative
review, student review, or some combination have one ultimate
effect: they increase the power of management. Can you imagine
what student reviews of a progressive professor
At 11:50 AM 9/1/99 -0700, Jim C. wrote:
If "modern science" is the only "science", then why is it that Incas,
Aztecs, Mayans, Mississippians and other Indigenous cultures were able to
construct cities and structures that, in terms of scale and precision, could
not be duplicated with the most
Not quite yet. Capitalism engenders a dog-eat-dog, bone- to- pick mentality.
Snoop Doggy Dogg
Max Sawicky [EMAIL PROTECTED] 09/01/99 02:06PM
Training dogs to be better bone gatherers and increasing the supply of bones
are not mutually exclusive.
Enough poop has been scooped.
I would say
Jim wrote:
This is part of Thurow's story (as I interpret it). There's a queue of
job-seekers trying to get at the limited number of "good jobs" offered by
the primary sector. If an individual gets more training, he or she can move
closer to the front of the queue, but (given the supply of
Dear friends,
The following was sent out to advisory editors of Historical Materialism
but I believe it deserves wide circulation among Marxist theorists. In
particular, I think you will find the symposium on Brenner and crisis an
essential addition to your and your university library.
in
"Craven, Jim" [EMAIL PROTECTED] 09/01/99 02:50PM
Why is it that Indigenous cultures have
traditionally employed non-linear and non-reductionistic paradigms that
"modern science" seeks today after the failures and irrelevance of the
ultra-reductionistic, positivist and linear paradigms and
-Original Message-
From: Wojtek Sokolowski [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, September 01, 1999 12:25 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:10550] Re: RE: "MODERN SCIENCE is a product of
capitalism"
At 11:50 AM 9/1/99 -0700, Jim C. wrote:
If "modern science" is the only
Where I live here on the Oregon/Washington border, we have all sorts of
physicists, geologists, anthropologists, economists etc claiming as "new
discoveries", fundamental facts and relationships about "nature" and
"society" that were explicitly or implicitly alluded to in Indian Lodge
Tales going
evaluations are important, but not in the form of anonymous spamming or
popularity contest. I'd rather see evaluations by students who graduated
(thus have no ax to grind) . . .
Au contraire, mon ami, someone could easily have an axe to
grind, and after graduating might be the best time to
Yea, and I point out that the first big entrepreneurs in modern European history made
their primitive accumulation of wealth based on cutthroat gangsters on ships who
kidnapped people into slavery.
The movie/novel _The Godfather_ is noteworthy not as an exception,but as a typical
method that
Over the years, my teaching evaluations have varied from the top to the
bottom of the scale. It seems to have little to do with what I do in the
class room. (although it does depend on which course I am teaching). I have
also found that the better the class the better I do (positive
(This announcement is available in a PDF document from [EMAIL PROTECTED])
Call for Papers:
Reengineering the Federal Reserve System
The Financial Markets Center sponsors an annual contest for papers on the
subject of central bank reform. The winning entry receives a cash award of
$2,500
BTW, I forgot to mention that as a result of the hype given before her
speech, a large number of administrators were present and also rated her 5s
on a scale of 1 to 5 for her presentation, general knowledge, stature, role
model qualities etc.
I planning to replicate the experiment someday as
At 12:35 PM 9/1/99 -0700, Jim C. wrote:
deductions and applications, then it is obvious from the products, that
Indigenous cultures have been employing "scientific method" for a long long
time--even in non-Indigenous terms.
I never doubted that. I read Levi-Strauss as an antidote to my
"Craven, Jim" [EMAIL PROTECTED] 09/01/99 03:56PM
-clip-
For Effective Citizenship I use a film, "The Rise and Fall of the Third
Reich" narrated by William Shirer as a conversation starter. For Critical
Thinking, I use the infamous Milgram-Yale experiments (grad students
following orders and
Yes, I am assuming that the capital good, or commodity, still has a currently valid
socially determined use-value. To have exchange-value , a commoidty must have
use-value. Without current use-value, there is no exchange-value to relate to price.
The costs to the current seller which are
Yea, and I point out that the first big entrepreneurs in modern European history made
their primitive accumulation of wealth based on cutthroat gangsters on ships who
kidnapped people into slavery.
The movie/novel _The Godfather_ is noteworthy ,not as an exception,but as a typical
method by
A friend of mine years ago hired a hooker friend (a real hooker) to come to
his class (she was obviously well trained in acting as part of her
profession). He gave a big build-up that a Dr. Celia Hooker, former top
advisor to the World Bank and IMF, Harvard Ph.D, in various "Who's Whos",
At my institution, we have plaques (put up in each classroom two days before
an accreditation visit) that mandate teaching the following 6 campus-wide
abilities: Effective Citizenship; Critical Thinking and Problem Solving;
Information Technology Awareness and Use; Global/ Multicultural
At 11:40 AM 9/1/99 -0700, Jim Devine wrote:
All merit systems, whether based on peer review, administrative
review, student review, or some combination have one ultimate
effect: they increase the power of management. Can you imagine
what student reviews of a progressive professor would have
see also: _Blacks in Science: Ancient and Modern_ edited by Ivan Van
Sertima, incorporating April and November 1983 (vols. 5, nos. 1 2) issues
of _Journal of African Civilizations_.
-Original Message-
From: Wojtek Sokolowski [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Profits rates are measured over a period of time, usually one year. So
depreciation and inflation are considerations, in addition to the concern
about the lack of a market for capital goods.
Rod Hay
[EMAIL PROTECTED]
The History of Economic Thought Archives
At 03:47 PM 9/1/99 -0400, Louis P. wrote:
Besides claiming to have found Big Foot tracks all across North America, Dr
KRANTZ, like his colleagues, says the grainy film shot in 1967 as ultimate
proof. "When I saw the film I was sure it was just a man in a suit," he
said. "But we've studied that
Jim Devine:
I think the key question is _who_ management is. I think universities
should be worker cooperatives, in which case the management would be the
faculty as a whole. But student evals would still be needed, to prevent
excessively protective in-group mentality. (There's a book review in
At 03:28 PM 9/1/99 -0400, Max S. wrote:
My impression of alumni associations is they are, in
the case of undergrads, for people too involved in
college football, or for graduate school, those
dedicated to continue sucking up to faculty till
the end of time.
true. but what i was proposing would
I can't agree with the position that teaching evaluations
are mere popularity contests and/or used by administrators
to punish dissident teaching. I have had the experience of
getting bad evaluations because of ideological conflict with
students, but by and large I have found that
Wojtek to Brad:
Brad, I do not think that 'fixed' job supply - as you claim - is the moral
of the story. It is labor market segmentation (if you recall that
institutionalist argument of 1970s and 1980s) - that is, white purebread
male dogs getting the prime choice bones, whereas the female and
Charles Brown wrote:
>Yea, and I point out that the first big entrepreneurs in modern European history made their primitive accumulation of wealth based on cutthroat gangsters on ships who kidnapped people into slavery.
>
>The movie/novel _The Godfather_ is noteworthy, not as an exception, but as
=46rom Peter Starr's _Logics of Failed Revolt: French Theory After May '68_ (Stanford: Stanford UP, 1995):
* The purpose of this book (_Logics of Failed Revolt_) is to explore the effects of this fascination [with revolution _as_ repetition] on a significant portion of that body of
Dear PEN-L,
Thanks to everyone who replied to my questions about the practices that
people use in their teaching. I'm not an economist or a college teacher, but
I wanted to respond a little bit and to pose a few additional questions.
I'm curious about whether or not people have read any of the
"Technological Change and Wages: An Interindustry Analysis"
Journal of Political Economy, Vol. 107, No. 2, April 1999
BY: ANN P. BARTEL
Columbia Business School
Department of Finance and Economics
National Bureau of Economic Research (NBER)
The best evaluations I saw in my department came from a young student
who had just completed his MBA. He knew little about economics, but
taught a highly structured class. Students knew exactly what they
needed to do to get an A. He did nothing to create any doubts about
whether the text might
"Craven, Jim" [EMAIL PROTECTED] 09/01/99 03:35PM Where I live here on the
Oregon/Washington border, we have all sorts of
physicists, geologists, anthropologists, economists etc claiming as "new
discoveries", fundamental facts and relationships about "nature" and
"society" that were explicitly
surprise, surprise, it's all politics. i agree with ellen's remarks. if they
want to get you, if you get good evals they say it's because you are too easy,
if you get bad evals they say "see s/he got bad evals, s/he's a bad teacher."
if they get bad evals, it's because they are so "rigorous";
Hi Marty,
Long time, no see. I think I'll apply for this one. Is hot air from
administrators and politicians one of the global warming determinants to be
discussed? I'll drop over and say hello. By September 15th eh?
Jim C
James Craven
Clark College, 1800 E. McLoughlin Blvd.
Vancouver, WA.
Carrol Cox [EMAIL PROTECTED] 09/01/99 01:58PM
Incidentally, the Detroit teachers' strike is at core a resistance to
merit ratings. This should be seen in the same light as the struggle
of Italian auto workers in 1969 against small variations in pay
for a multitude of different jobs.
I was asked by Eban Goodstein to share the following with members of this
list. For more information please write him directly at [EMAIL PROTECTED]
Marty Hart-Landsberg
-- Forwarded message --
Date: Wed, 1 Sep 1999 07:15:25 -0700 (PDT)
From: Eban Goodstein [EMAIL PROTECTED]
From "Chaotic Dynamics: Theory and Applications to Economics" by Alfredo
Medio, Cambridge, 1993:
"An Intuitive Definition of Chaos
Although a universally accepted and comprehensive characterization of chaos
is still lacking,...we shall adopt the definition suggested in a recent
conference on
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