Characteristically weak article on the Afghan economy perpetuating the
patronising myth of neo-liberal economics that it is starting from scratch.
Compare the sneering about former socialist countries being basket cases
throughout the 90's.
http://www.iht.com/articles/43022.htm
Dismissively
It is good to see Brookings noting the problems with the Boskin approach. But
they are somewhat behind the curve on this topic.
Most of the criticisms of Boskin noted by Brookings, and more, are discussed
in my article,
Trends in Compensation for Production Workers: 1948-1995, Review of
Well, in the case of Argentina, I think it is quite clear when it stopped
developing: March 24, 1976. That was the date of the military coup that
introduced neoliberalism for good into the country
(it is also not a coincidence that this was the bloodiest coup in the
country's history, as
From: michael perelman [EMAIL PROTECTED]
... the NYT reports that ObL looks gaunt in the new tape.
The NYT also says that the tape was apparently made in late November or
early December -- in other words, at the end of Ramadan with all its
fasting. Since ObL doesn't appear to do things by
Gene writes: I
put "subsidy" in quotation marks because I think of farm payments as covering
the overhead costs, while proceeds from crop sales cover the out-of-pocket costs
of getting a crop.
I don't understand
this. Whydo you see "subsidies" as covering overhead costs? it seems to me
Enron Moves Money to Democrats
By Larry Margasak
Associated Press Writer
Thursday, December 27, 2001; 8:02 AM
A week before filing for bankruptcy protection, Enron Corp.
contributed $100,000 to Democrats after giving nearly all its prior
donations this year to Republicans.
The money went to
Jeff Madrick writes: Certainly quality improvements have to be taken into
account. But so must many other factors that affect the standard of living,
including the quality of public goods, like transportation and the
environment.
The Schultze panel concludes that such an index is inherently too
- Original Message -
From: michael perelman [EMAIL PROTECTED]
The main contention of the Boskin report was that the Labor
Department's
statistical experts did not
fully take into account the improved quality of many products. You
may
pay $1 for a razor, but if you
get twice as many
I just re-read the David Felix Foreign Policy in Focus article and realized
it was from September 2001, so of course he doesn't mention events in
December!!
My apologies,
Alan
At 10:57 AM 12/27/2001 -0400, you wrote:
Well, in the case of Argentina, I think it is quite clear when it stopped
Still no news of the US investigation of the convoy bombing. How long will
it take? Or will the issue just disappear--a more likely scenario. Already
media almost entirely ignore the issue even though the basic US story seems
quite unlikely to put it mildly. And it has not changed. I am sure that
For those of you who want to hear what Alan says about Argentina on Democracy
Now, tune in to
http://www.webactive.com/pacifica/exile/dn20011221.html
Alan Cibils wrote:
Well, in the case of Argentina, I think it is quite clear when it stopped
developing: March 24, 1976. That was the date of
thanks. I don't expect to resolve any debates
about Marx, or even to engage them. I don't
know anything about that stuff. All I could
hope to do is fairly evaluate JOC's theory
in light of subsequent experience. I don't
have a horse in the marx interpretation
contest, so in that sense I may
I would say the relevant test in this context is whether
the product kept flowing to customers at prices that
covered production costs. The California crisis is
clearly an example of consumptis interruptis, but no
role of Enron's bankruptcy in that crisis has been
raised, as far as I know. So I
My argument is that selling an undifferentiated commodity on the market
-- like many farm commodities -- actually results in prices that only cover
marginal costs, not average costs. The difference has to be made
up somehow. That is what I see as the idea behind farm subsidies.
I agree with you
Max, I read the big push to define the Enron affair as criminal as an effort to
suggest that there is nothing wrong with the functioning of the market, just
some bad apples who everybody thought were good apples.
Which is not to say that pushing the criminal investigation high into the
Bush
Gene, I have been pushing the idea that the economy breaks into two
different sectors. 1 consists of the undifferentiated commodities, and
the other, those sectors protected by intellectual property rights. The
former will remain in trouble while the latter will prosper as long as it
is backed
You could read it that way, but whether or not
the affair does point to an inherent problem with
markets is another matter. Choice and imperfect
law creation/enforcement make illegal acts possible;
that doesn't mean the underlying arrangement isn't
the best available.mbs
Max, I read the
That's a useful distinction, but I would say it is the
commodity sector that 'works' as far as markets
go, and the other one that doesn't. The stability
of the intellectual-prop sector preserves its
inefficiency and unfairness. Market functionality
travels over the dead bodies of failed
[was: RE: [PEN-L:20847] Re: RE: jim d? doug?]
Rakesh writes:
as i am writing on the state, mixed economy, etc presently, i would
appreciate it if you could point me to the quote in which Marx
accepts Ricardo's view of fiscal policy.
In the volume III, chapter 29, there's a reference to
[was: RE:
[PEN-L:20964] Re: RE: Farm "subsidy" data base]
Gene
writes:My argument is that selling an undifferentiated
commodity on the market -- like many farm commodities -- actually results in
prices that only cover marginal costs, not average costs. The difference
has to be made up
Gene writes:
Max, I read the big push to define the Enron affair as
criminal as an effort to
suggest that there is nothing wrong with the functioning of
the market, just
some bad apples who everybody thought were good apples...
Max writes:
You could read it that way, but whether or not
Jim writes:
In a footnote in the latter, Marx quotes
Sismondi, a deviant Ricardian.
jim, you're joking right? sismondi a deviant ricardian? sismondi
criticized ricardo root and branch for failure to theorize
possibility of a general glut which failure he traced back to the
faulty
An old nemesis who runs marxmail.org was kind enough to send this to
me this morning:
http://www.nytimes.com/2001/12/27/opinion/27BRAI.html
Doug and Liza, have USAS said anything about all this yet? It's not a
cynical question.
Rakesh
Wasn't the textile industry cave in the key to getting fast track passed
in the house?
On Thu, Dec 27, 2001 at 10:48:05AM -0800, Rakesh Bhandari wrote:
An old nemesis who runs marxmail.org was kind enough to send this to
me this morning:
Wasn't the textile industry cave in the key to getting fast track passed
in the house?
the nyt reporter at the time suggested that it was indeed quite important.
rb
Yesterday on NPR it was said that 75,000 textile jobs have
been lost in the last yr. in the U.S. Compared to 15,000 in steel.
Michael Pugliese P.S. If Roger Milliken, a major bankroller of
the Birch Society and a textile tycoon is in that textile industry
association, how much noise did he
RE
What about tubes of toothpaste that go from 6.5 ounces to 6 ounces yet
charge the same price? Has anyone watched the price of, say, pet
supplies over the past 5-10 years?
The BLS does attempt to take these sort of things into account. It is a near
impossible task to come up with a
I'm looking forward to your book.
Gene
Michael Perelman wrote:
Gene, I have been pushing the idea that the economy breaks into two
different sectors. 1 consists of the undifferentiated commodities, and
the other, those sectors protected by intellectual property rights. The
former will
michael pugliese wrote:
Yesterday on NPR it was said that 75,000 textile jobs have
been lost in the last yr.
lost due to national and global recession? loss of jobs that would
have been added if not for recession? lost due to automation? lost to
specifically defensive automation in the
For those interested, I recently gave a talk at the Marxist School in
Sacramento, California, suggesting that the recent recession is connected
with the trend rise of the rate of profit. My notes are available at:
http://bellarmine.lmu.edu/faculty/jdevine/FROP/sacramento.htm
Jim Devine [EMAIL
Rakesh, the speaker was not identified but he did not sound like
someone with academic credentials, probably got the stat from
his shop steward in UNITE! On the Iraq #ers, that was from The
Nation and the background stuff I added about David Cortright
was a fyi in the interests of just saying in
michael pugliese wrote:
On the Iraq #ers, that was from The
Nation and the background stuff I added about David Cortright
was a fyi in the interests of just saying in effect this not
some guy like Anthony Cordesman from the Georgetown CSIS or some
such.
well i found this article pretty
Jim doesn't want our very civil offlist exchange on the list so i'm
just sending my reply especially because i want to share the quote
with which i end:
Constatin Pecquer, 1839:
One fact is certain, general...it is the silent but very decisive
struggle of the workers against their masters
Title: Re: [PEN-L:20980] the profit rate
recession
For those interested, I recently gave a
talk at the Marxist School in
Sacramento, California, suggesting that the recent recession is
connected
with the trend rise of the rate of profit. My notes are available
at:
Some queries and remarks:
1) What does 'works' mean. Farm commodities are not sold as free market
commodities since they are subsidized. THe only sense I can see to works
here is that consumers pay low prices. But in market theological terms arent
they artificiallly low?
2) Why is the
Title: Re: [PEN-L:20980] the profit rate & recession
concerning
mynotes that I posted on-line (at http://bellarmine.lmu.edu/faculty/jdevine/FROP/sacramento.htm),Rakesh
writes:1. you have confused changes in vcc
with changes in occ.
I don't care,
since what's important is the change in K/Y
Title: Re: [PEN-L:20980] the profit rate & recession
Rakesh writes:
Doug H and Fred M have both argued that spike of profit rate (as
conventionally measured) especially in the 90s was a result influx of foreign
capital, which reduced borrowing costs.
I missed this. I
don't know what Doug
The following is an archived copy of a message sent to a Discussion
List run by the Campaign Against Sanctions on Iraq.
[Re: can we trust Iraqi sources?
From: farbuthnot [EMAIL PROTECTED]
Subject: Re: can we
The following is an archived copy of a message sent to a Discussion
List run by the Campaign Against Sanctions on Iraq.
[Re: can we trust Iraqi sources?
are you implying that I said that we could? Wow! I speak to the lack
of reasoned analysis in the Nation coverage (double meaning of
coverage
Title: Re: [PEN-L:20986] RE: Re: the profit rate
recession
concerning mynotes that I posted
on-line (at http://bellarmine.lmu.edu/faculty/jdevine/FROP/sacramento.htm),Rakesh
writes:
1. you have confused changes in vcc with changes in
occ.
I don't care, since what's important is
the change in
Yes, I did find your talk interesting. Do you have any similar numbers for
other countries, or when you compare your trends for the US with profit
trends in other countries, what are the differences?
I generally agree with your focus on fixed capital and using 'conventional'
profits rates,
oY VeY! No, Rakesh, I know you aren't pimping for the Ba'athist
regime! (And, neither, am i neo-conservative!! [Heh, some may
say different!]
That fwd. went to the Numbers debate, from folks that know
the issues quite well. Follow the URL's. I know we lefties can
really get defensive...I'm
Michael, you know better than to get into this sort of thing. Rakesh
should not have made it personal either.
On Thu, Dec 27, 2001 at 03:14:36PM -0800, michael pugliese wrote:
oY VeY! No, Rakesh, I know you aren't pimping for the Ba'athist
regime! (And, neither, am i neo-conservative!!
Excellent questions, Ken.
Ken Hanly wrote:
2) Why is the sector involving intellectually protected sector
differentiated? When the protection runs out are the commodities
undifferentiated as the now competing types of glysophate? They are
differentiated only because they are protected
from a friend:
WHY DO DEATHS FIGURES IN THE THIRD WORLD MATTER TO THE
FIRST. they never did before, and even if it did to
the peace movement that was small and ineffective.
take Algerias death toll in the war of independence:
was it one million take or add one half!
or any other war in the
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