At 21:30 18/10/00 -0500, Paul P wrote:
Louis, I think both you and Chris are somewhat off base on this.
Being one sided, is inevitable and to some extent stimulating in a
discussion list.
Getting things *all* wrong is rather more difficult.
But Paul gave a lot of detailed analysis which
The celebrations of the Nobel prize for the South Korean President on the
occasion of the 3rd Europe-Asia Economic Meeting, are being protected by
30,000 troops.
This sort of spectacle is becoming routine.
Could international meetings of capitalism be held more economically on a
small
Justin Schwartz said on 10/19/00 9:41 PM
Tell it to Rolando Cruz here in Illinois, who is now free, off death row,
and won a substantial settlement for having been framed. Point is, depends
on which lawyers and what job they do. --jks
It's refreshing to witness for the exceptions to the
There are people's lawyers who do this sort of thing for a living. The
NAtional Lawyers Guild is only one of the groups who do it. Sometimes we
win. In fact, only a small fraction of lawyers are corporate lawyers who
fight the class war on behalf of capital. Most do stuff like small
BLS DAILY REPORT, THURSDAY, OCTOBER 19, 2000
RELEASED TODAY: Median weekly earrings of the nation's 101.5 million
full-time wage and salary workers were $575 in the third quarter of 2000.
This was 5.3 percent higher than a year earlier, compared with a gain of 3.5
percent in the Consumer Price
And here's the full report:
http://www.ctj.org/itep/corp00pr.htm
mbs
http://www.nytimes.com/2000/10/20/business/20TAX.html
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
I didn't realize that neo-classicals assume that what exists is efficient.
Do you have a reference?
If what exists is efficient then no existing system could be ineffecient.
Therefore neo-classicals could not complain about the ineffeciency of the
former Soviet System or any other existing
Michael wrote,
Eric, isn't your critique true of a good deal of econometric work?
Yes. But some econometric work is more flawed (in obvious ways) than others.
The NC work on slavery is more obviously flawed than other econometric work.
Eric
Ken wrote,
I didn't realize that neo-classicals assume that what exists is efficient.
Do you have a reference?
If what exists is efficient then no existing system could be ineffecient.
Therefore neo-classicals could not complain about the ineffeciency of the
former Soviet System or any
I haven't read his 1964 Reappraisal of Marxisn Economics in many years,
although I have my copy on my desk just now. I recall being impressed with
it. He argues that Marx does not make good on an inevitable collapse
thesis, but otherwise is pretty good as an analyst of capitalism, and
can't
[was: Fwd: [PEN-L:3302] Re: Re: Fwd: BIG Ithaca HOUR News!]
Tell it to Rolando Cruz here in Illinois, who is now free, off death row,
and won a substantial settlement for having been framed. Point is, depends
on which lawyers and what job they do. --jks
The value of lawyers depends primarily
At 07:44 AM 10/20/00 +0100, you wrote:
The celebrations of the Nobel prize for the South Korean President on the
occasion of the 3rd Europe-Asia Economic Meeting, are being protected by
30,000 troops.
why isn't Kim Jong Il sharing the Nobel? it takes two to tango!
Jim Devine [EMAIL PROTECTED]
At 10:20 AM 10/20/00 -0500, you wrote:
I didn't realize that neo-classicals assume that what exists is efficient.
Do you have a reference?
I'd say that it's only the Chicago school that makes that assumption, but
they assume that the state is an exception to that rule. The clearest
example of
Ken, Friedman is especially clear on this. If it weren't efficient, competition
would have eliminated it.
Your note would require that they modify their assumption to "everything that [I
like that] exists is efficient."
Ken Hanly wrote:
I didn't realize that neo-classicals assume that what
In person, he is openly hostile to Marx. Maybe his position had hardened
between 1964 and when I met him in the 70s.
Justin Schwartz wrote:
Jim asks:
Murray
Wolfson of California State University, Fullerton.
isn't he the author of a worthless screed against Marxian economics?
Jim
what's wrong with the theory of tax incidence that says that when they are
officially "paying" the tax, the corporations are really shifting the tax
to consumers or to workers (rather than the stockholders)? It seems to me
that the only exception to the corporations' ability to do this kind of
In 1980, the federal government contributed 18% of
cities' budgets, but in 1990 that figure was 6%, he said.
Said Johnson, "If you've listened to the presidential debates, you hear
very little about cities."
For the full story, see:
http://www.latimes.com/news/state/20001020/t000
At 12:07 PM 10/20/00 -0400, you wrote:
The other tendency represented by Engerman and Fogel is to characterize the
slavocracy as capitalist, but using neoclassical economics rather than
Marxism.
If I remember correctly, Fogel was an old Leftist (CP?), while Engerman was
a new Leftist, once seen
From Ellen Taylor of OMB Watch:
Yesterday evening, the House passed the Debt Relief Lock-Box
Reconciliation Act for FY 2001 (HR 5173) almost unanimously,
with well more than the required two-thirds majority (381 to 3).
. . .
Finally, no official statement, publication or material of any Federal
Well, both of those are things that I have been accused of misunderstanding
myself, not least by you, so I am inclined to give W a large margin of error
in his readings. There is room for difference of opinion on these topics. I
thought the book was good and useful, and his main point, that
Shakespeare's slogan "first
let's
hang all the lawyers" (especially since old Will didn't endorse it but put
it in the mouth of someone he perceived as a bad guy, the leader of the
"rabble from Kent," whose name I've forgotten).
Jack Cade, 2 Henry VI 3 (I believe)
JD:
what's wrong with the theory of tax incidence that says that when they are
officially "paying" the tax, the corporations are really shifting the tax
to consumers or to workers (rather than the stockholders)? It seems to me
that the only exception to the corporations' ability to do this
From AlterNet.org
http://www.alternet.org/story.html?StoryID=9926
Maximizing Ralph: The Free Nader Vote
Don Hazen, AlterNet
October 10, 2000
Viewed on October 16, 2000
---
For liberals and progressives (and any radicals or
This "classic (marginal) utilitarian defence of equality" is precisely
the invideous "comparison" that the mathematically obsessed wunderkinder
of the 1930s (e.g. Bergson, Samuelson) banished from the social welfare
function and replaced with Pareto optimality as the "ethical test".
There is a
This was the problem NC faced with Becker's original theory of discrimination.
Markets should have "cleansed" the world of discrimination. So they had to
either give up perfect competition or they had to give up the assumption that
blacks and whites were equally productive. Some went the first
Well, both of those are things that I have been accused of
misunderstanding myself, not least by you, so I am inclined to give
W a large margin of error in his readings. There is room for
difference of opinion on these topics...
There is room here for much more than a mere difference of
[was: Re: [PEN-L:3324] Re: Re: Re: Re: WSJ on teaching economics]
Justin wrote:I haven't read [Wolfson's] 1964 Reappraisal of Marxisn
Economics in many years, although I have my copy on my desk just now. I
recall being impressed with it. He argues that Marx does not make good on
an inevitable
FAIR-L
Fairness Accuracy in Reporting
Media analysis, critiques and news reports
ACTION ALERT:
"DEMOCRACY NOW!" IN DANGER:
Pacifica management turns against free speech
October 19, 2000
According to a leaked October 18 memo from "Democracy Now!" host Amy
Goodman to the Pacifica Radio
Brad, isn't it fair to say that there are different types of
interpretations. I do not think that a Chicago economist would accept my
interpretation of what Friedman's work means. I would not necessarily be
wrong, but my interpretation would not be in the spirit of Friedman's.
On the other
There is room here for much more than a mere difference of opinion. For
someone to claim that they have the *correct* interpretation of a book
others have misunderstood because of "...Hegelian language... his refusal
to give a summary" or say "what levels of abstraction he's going to be
Justin wrote:I haven't read [Wolfson's] 1964 Reappraisal of Marxisn
Economics in many years, although I have my copy on my desk just now. I
recall being impressed with it. He argues that Marx does not make good on
an inevitable collapse thesis,
-clip-
Justin ripostes: I thought
Comment from historian Mark Solomon.
Charles:
Just a very quick, undigested response to this interesting dialogue with Lou
Proyect.
First, an attempt was made to conjoin Jewish concentration camp slave labor
with slavery in the US. It was done in what I consider a vile, racist (and
How come economists such as Milton Friedman are constantly criticizing
existing economies throughout the world for over-regulation, rent controls,
minimum wages, most welfare programs, etc.etc. if what exists is efficient?
His criticism is often that present economies are not efficient and he has
At 02:39 PM 10/20/00 -0500, you wrote:
How come economists such as Milton Friedman are constantly criticizing
existing economies throughout the world for over-regulation, rent controls,
minimum wages, most welfare programs, etc.etc. if what exists is efficient?
His criticism is often that present
Several of these points are not so obvious:
three points: (1) Marx didn't predict or even try to "prove" the "breakdown
of capitalism."
Rosa Luxemburg, for anyone, disagreed. She might not have been right, but
that she thought so indicates that the view is not wacko.
But I
remember
very
[EMAIL PROTECTED] 10/20/00 04:03PM
At 02:39 PM 10/20/00 -0500, you wrote:
How come economists such as Milton Friedman are constantly criticizing
existing economies throughout the world for over-regulation, rent controls,
minimum wages, most welfare programs, etc.etc. if what exists is
Justin wrote:
Sure, that view is ideological, but my recollection of the book, which is
hazy as yours, was that it was useful. Course if I am any kind of Marxist,
I am an AM, so my standards are probably more tolerant towards Wolfson's
sort of thing than yours are.
As you know, I've published
This time, what we're looking for is a book that provides a detailed
analysis of a modern social movement, preferably one with at least some
success. The purpose is to incorporate it in a course on political
economy, so that students have an opportunity to analyze the strategies
available to
Poor Peoples Movements.
Cloward and Piven.
This time, what we're looking for is a book that provides a detailed
analysis of a modern social movement, preferably one with at least some
success. The purpose is to incorporate it in a course on political
economy, so that students have an
The best book I know on the nitty gritty of organizing is Taylor Branch's
Parting the Waters, about King's early years. Thomas Powers has a pretty
good book on the Vietnam war movement, The War at Home. --jks
From: Peter Dorman [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]
To: [EMAIL
from SLATE:
If you never got very far in Econ 101, the [Wall Street JOURNAL] front
says help is on the way, in the form of the hot trend of econ textbooks
that use pop, even pulp, fiction to teach the Dismal Science. For example,
there's the "Life, Love Economics" definition of "opportunity
Here is an excellent example of organizing for Peter
D.
LA TRANSIT STRIKE FORGES A NEW POLITICAL ALLIANCE By
David Bacon
LOS ANGELES (10/19/00) - For decades, Los Angeles'
bus drivers and bus riders have looked at each other
across the fare box with suspicion and distrust.
Riders have been
[was: Re: [PEN-L:3350] model of organizing]
thanks for this story by David Bacon. Yesterday, the LA TIMES had a
headline that says a lot: "Strike That Nobody Noticed Hit 450,000 Transit
Riders Hard" The "Nobody" who didn't notice was the white middle-class
folks on the West Side (unless their
The OSCE has recently published a report on the criminal justice in Kosovo.
According to an OSCE press release these are the key findings:
- some provisions of applicable law may conflict with human rights
standards;
- the report finds clear and compelling evidence of actual bias by the
courts
I just read about this website in the latest Lingua Franca. It is a rant
against Columbia University by a young Economics professor who says that
"he suffered a fate. . . as something out of Goodfella" when he was passed
over for tenure. His tale is almost identical to the one I heard from John
In the _Capitalist World Economy_, the section on "American Slavery and the
Capitalist World Economy" (Inequalities of Class, Race and Ethnicity).
Wallerstein discusses two major theoretical frameworks of American black
slavery in depth.He criticizes both Fogel and Engerman's neo-classial
theory
The Guardian of London October 20, 2000
It's Time America Woke Up To The Rest Of The Planet
The US acts internationally according to its own rules and accepts
only partially and reluctantly rules made by others.
by Martin Woollacott
When the young Walter Lippmann, later to become the foremost
I just had to go through the process of determining which $4000 worth of
economic journals would be cut from our library because of the enormous
inflation in journal costs.
Here it is a URL for those of you who are interested of this study on
impact of consolidation on journal prices. It seems
W argues that slavery is one of the "varieties of
economic roles for the peripheral areas of the world economy, which have
different modes of labor control (raw material cash crops based on slave
labor
for the US South contrasted with food cash cops based on small freeholds
in the
US--West)".
Anthony D'Costa wrote:
This is functionalism at its best.
Could you explain?
Carrol
A Study Says I.M.F.'s Hand Often Heavy
By JOSEPH KAHN
ASHINGTON, Oct. 20 The photo captured what
Kipling might have called the financial man's
burden: Michel Camdessus, head of the
International Monetary Fund, towered over
President Suharto of Indonesia as Mr. Suharto
agreed to terms for
Charles Brown wrote:
Comment from historian Mark Solomon.
Charles:
Just a very quick, undigested response to this interesting dialogue with Lou
Proyect.
First, an attempt was made to conjoin Jewish concentration camp slave labor
with slavery in the US. It was done in what I consider a
From what I've seen, the choice between these two and Genovese is Hobson in
nature. I am more familiar with Genovese based on discussion and reading
over the years, but from this evidence turned up on Lexis-Nexis, the
Engerman-Fogel stuff is even more reactionary. What both sides in the
debate
CB: I just mailed some of the exchange Lou started on this to Aptheker. We
have regular correspondence, so he may give some reply on it.
LP: Charles, all of this controversy is kind of new to me, so please excuse
me if I misrepresent anybody's views, most especially Aptheker's who I have
the
(From In Defense of Marxism website: http://www.marxist.com)
From bulls to bears
In the last month or so, the world's stock markets have taken a huge
tumble, down about 20% on average. Of course, prices of shares in most
markets are still way above where they were five years ago and even still
While I am not yet persuaded that this debate is entirely settled, it
is worth noting that the debate over this particular Williams thesis
depends on an especially narrow reading of Williams. 18 Stanley
Engerman, who led the attack on the notion that the profits of the
slave trade were
Louis Proyect wrote:
the notion that the profits of the
slave trade were crucial to England's industrialization,
I can't claim any familiarity with the details of this debate. It is worth
being aware of an analytical possibility, however. It is altogether possible
that the slave trade could
Lou posted what Mine Aysen Doyran says is Wallerstein's criticism of
Fogel Engerman as well as of Genovese:
In the _Capitalist World Economy_, the section on "American Slavery and the
Capitalist World Economy" (Inequalities of Class, Race and Ethnicity).
Wallerstein discusses two major
The more time I spend
researching this type of garbage, the more convinced I am that the academy
generates reactionary ideology, no matter the idealism that young scholars
start out with. Both Engerman and Genovese started out as new leftists.
What turned them into such pigs? Tenure? McLaren
Exactly. My friend, Phil Levine, who also lost tenure because he spent too much
time teaching and teaching well, wrote a good critique of them. I don't recall the
book in which it appeared.
Yoshie Furuhashi wrote:
Fogel Engerman claim that the
American slaves, having internalized the
NY Times, Oct. 20, 2000
Giorgio Armani: Where Ego Sashays in Style
By HERBERT MUSCHAMP
Historical amnesia, intellectual pretension, cronyism, promotion, delusion,
sycophancy, bribery, betrayal, all wrapped up in press releases passed off
as journalism: these are some of the lubricants that make
* Callaloo 20.4 (1997) 791-799
Reckoning with Williams:
Capitalism and Slavery and the Reconstruction of Early American History
Russell R. Menard
As is the case with, I suspect, many American historians of my
generation, my introduction to Eric Williams was through his critics.
I
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