I have seen good articles in Z and in Dollars and Sense (and The
Ecologist) on this in the past; though they were not elaborate empirical
studies, they referred to real world cases and problems. Mat
I think the link you want is here:
http://www.frontpagemag.com/Articles/Printable.asp?ID=8358
Unless there is another one?
Looking for it, I found another one that says that ethnic studies and
Black Studies programs are all racist and unknowingly followers of
Hitler etc.
Outrageous stuff.
Actually, that one I sent is a different one. Here is the one on the
Labor Studies:
http://www.frontpagemag.com/Articles/Printable.asp?ID=9057
I'm surprised there is no mention of either PRE-CAPITALIST MODES OF
PRODUCTION or MODE OF PRODUCTION AND SOCIAL FORMATION, both co-authored
with Barry Hindess. They were very influential works contributing to the
mode of production debates of the 70s and 80s. Mat
Marc Lavoie at U. of Ottawa has written on sports in Canada, some of it
on discrimination against French-Canadians. A friend of mine from the
New School did his dissertation on political economy of baseball under
the late David M. Gordon's supervision. A U Mass grad student also did a
political
If this is what the guy looked like, one really does have to wonder
about security, or perhaps what is meant by fancy dress...
http://www.ananova.com/news/story/sm_792983.html
Title: RE: [PEN-L] market competition fails again
Just picked up a copy of Joe Saccos Palestine (the complete collection
of all the previously issued comics in this series, with an Introduction by
Edward Said). Cant recall it being
discussed here. Anyone else checked it out? Mat
At the recent (and first ever) ICAPE (international confederation for
the advancement of pluralism in economics) conference here at UMKC, an
Austrian economist on a panel on Rethinking (Post-)Capitalism said he
would not use the word capitalism because it was created by people who
were critical of
Ellen, I asked someone who does stuff in this area and he said that
trade with the colonies was counted as foreign trade in all the cases he
knows of, but some of the European countries in their statistical
yearbooks that he has seen divided foreign trade into intra-empire trade
and other trade.
I nominate Barkley to edit the JEL. Btw, Heilbroner use to say that the
only thing the Journal of Economic Perspectives lacks is...perspectives.
mf
-Original Message-
From: Barkley Rosser [mailto:[EMAIL PROTECTED]
Sent: Monday, June 16, 2003 3:21 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L]
Title: query: Levy Profits equation
Jim Sorry, didnt see this
when it first came through. First, you should check out:
Profits and the future
of American society by S. Jay Levy and David A. Levy; New
York :
Harper Row,
I refused to pledge allegiance to the flag in 4th grade. It was the
1970-71 school year and I was 9 or 10 years old. The teacher kept me and
a friend I had convinced to go along after class and asked us why. Our
answer: Because there isn't liberty and justice for all. Nobody had
told us to do
Its insane that those of us who are
anti-war have to say we are not against the troops or that we are not fans of Saddam. The level of discourse in this country is
pretty embarrassing.
We have been through this before, progressive
nationalism vs. reactionary nationalism. Some nationalism can be consistent
with progressive politics, when it is on behalf of a nation fighting a liberation
struggle against (neo)colonialism or imperialism. This
might be thought of as an
The insane aspect of this, which I suppose is obvious to everyone here,
is that they are celebrating a world in which people hold on stubbornly
to fantasies of material prosperity, even though it is clear that for
the vast majority the dreams will never be fulfilled. What's to
celebrate?
Title: RE: [PEN-L:35056] Re: [Fwd: ROBERT K. MERTON, SOCIOLOGICAL GIANTON WHOSE
SHOULDER WE ALL STAND]
Been around this before I think, but anyway:
analyzing functionality need not carry the baggage of functionalism, we must
all agree with that? An importance difference between Marxs
CENTER FOR FULL EMPLOYMENT AND PRICE
STABILITY
Special Report 03/01 February,
2003
OPPOSITION TO THE BUSH TAX CUTS
Recently, a group of economists (including at
least 10 Nobel laureates) has been circulating a statement opposing the tax
cuts proposed by President Bush. Their
Title: Re: What is wrong with the mainstream economics?
The critique that I couldnt recall
in an earlier post is called the Sonnenschein-Mantel-Debreu
theorem. It is not something that
can easily be summarized for a popular audience, but it is an overlooked major
problem with mainstream
You mean poetry is not commensurable with
pushpin?
-Original Message-
From: andie nachgeborenen
[mailto:[EMAIL PROTECTED]]
Sent: Thursday, February 13, 2003
10:06 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:34730] Re: re:
What is wrong with the mainstream economics?
This brings up a side issue that I have not been able to decide on: is
an empirical critique part of an internal critique, external critique,
or neither. I have been treating it as neither--something sort of
halfway between the two. Internal critique has always meant to me to be
about internal
' statement opposing
the Bush tax cuts
Forstater, Mathew wrote:
I don't think anyone argues that no taxes are necessary?
Several years ago, I had an argument with a New School grad student
who claimed just that - that the gov could just print money to pay
its expenses. It was like no real resources were
One way to go about addressing the question
would be to divide your criticisms into internal critiques, external critiques,
and empirical (in)validity.
The internal could mention the problems in
capital theory and other logical inconsistencies (Marc Lavoie does a good job
of summarizing
This statement is so frustrating--chronic deficits exacerbating the
long term budget outlook reduce the capacity of the government to
finance... Just keep backing yourselves further an further into the
corner, so you can never support common sense budgetary policy again, or
only do so at the risk
Title: RE: [PEN-L:34696] re: What is wrong with the mainstream economics?
Perhaps one of the most easily expressed
and understandable critiques of mainstream economics is that so many of its
results rely on the full employment assumption (trade theory again is a great
example). As Shaikh
,
Jim Devine [EMAIL PROTECTED]
http://bellarmine.lmu.edu/~jdevine
-Original Message-
From: Forstater, Mathew [mailto:[EMAIL PROTECTED]]
Sent: Thursday, February 13,
2003 3:06 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:34704] FW:
Economists' statement opposing the Bush tax
' statement opposing the Bush
tax cuts
Cuz then the signatories would be limited to
the members of this list!
mbs
-Original Message-
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Forstater, Mathew
Sent: Thursday, February 13, 2003 6:06 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L
Eric - I wouldn't spend a lot of time on the capital critique, but it is
worth a mention. The fact that the 'other side' conceded defeat
(Samuelson 1966) and it still didn't stop the theory from being used can
support the argument that the continued dominance of mainstream
economics may be due to
By the way, the argument that the capital critique is so 60s/70s which
I generally consider to be a compliment, to me is similar to the one
that peace is so 60s/70s. By the way way, Syed Ahmad's Capital in
economic theory: neo-classical, Cambridge, and chaos; Elgar, c1991,
received some good
Henwood [mailto:[EMAIL PROTECTED]]
Sent: Thursday, February 13, 2003 7:01 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:34718] Re: FW: Economists' statement opposing the Bush
tax cuts
Forstater, Mathew wrote:
This statement is so frustrating--chronic deficits exacerbating the
long term budget outlook
Any work supporting the economic stimulus benefits of
extended or increased unemployment insurance? Theres a bill coming up in
Kansas some of us are working on drafting some letters and testimony, any
empirical work showing positive effects, that kind of thing? tyhanks
Who said:
Of course the people don't want war. But after all, it's the leaders of
the country who determine the policy, and it's always a simple matter to
drag the people along whether it's a democracy, a fascist dictatorship,
or a parliament, or a communist dictatorship. Voice or no voice, the
Goering is right. Is it that well-known or is it going around the net?
Or are you guys really, really smart?
/~jdevine
-Original Message-
From: Forstater, Mathew [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, February 12,
2003 8:35 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:34607] RE: Re:
Today's quiz
Goering is right. Is it that
well-known or is it going around the net?
Or are you
Jim wanted the source. Apparently it was from the Nuremburg trials,
although a very similar statement is in In War. Since you guys think
you are so hot, try this one:
Now I am prowling through the backyard and I am hiding under the car
and I've gotten out of everything I've gotten into so far
Sorry of these have already
been dug out:
The state is a machine for
maintaining the rule of one class over another. Lenin, The State, 1975, p. 11.
The state is a product and manifestation
of the *irreconcilability* of class contradictions. Lenin, The State and Revolution, 1976, p.
Alois wrote:
I look at PEN-L and all I see are a bunch of LIBERALS from universities
whose economic schemes all seem to involve big government coming in to
enact their redistributionist schemes.
At this point I was sure we were going to be told we should stop being
so reformist.
From Neva Goodwin, in
response to Jims question about the availability of their text. She is also working on a macro book.
-Original Message-
From: Neva Goodwin
[mailto:[EMAIL PROTECTED]]
Sent: Friday, January 24, 2003 9:42 AM
To: Forstater, Mathew
Our textbook is now
More
on the in context text:
Instructors
can order an exam copy of Microeconomics in Context, Preliminary Edition over
the web at http://college.hmco.com/cgi-bin/SaCGI.cgi/college/catalog.class?FNC=titleSea
rch__Asearch_Results_html___3306
(Or,
go to www.hmco.com, select College
Entire texts now exist on line, or can be pieced together from places
on-line. There are also course notes and slides from lectures that can
be used to cover most or all of the topics in a principles course. Why
make your students buy a $100 book? You would think the profs are
getting the 18
Hyman Minsky used to say there were 57 varieties of capitalism.
I think it is getting to the point where more people have said Minsky
said it than he actually said it himself. He always said it was 57
pickles. I thought it was ketchup. In any case, I always wondered, are
there really so many
Yoshie had asked about the BRC; apparently alive and well.
-
-
This is a Press Release/Statement from the Black Radical Congress
There were a few Zed books that were good on various related issues. You
might check their website. M
Nationalism and Class Struggles in the Arab World by Ahmad El Kodsy (I
recall hearing this was a pen name of Samir Amin?) is dated but very
useful still. It was included in the Monthly Review book THE ARAB WORLD
AND ISRAEL, and the other piece in that by Eli Lobel may also be useful.
Arie Bober's
Title: RE: [PEN-L:33652] quesion from Michael Yates
You might want to check out Edward Nell, Prosperity and Public Spending, and also some of the
contributions in another book edited by Nell, Free Market Conservatism. I also
vaguely recall there being something in one of the URPE readers,
Tuesday, December 24,
2002
In Defense of Scrooge
by Michael Levin, professor of
philosophy, City University of New York
It's Christmas
again, time to celebrate the transformation of
Ebenezer
Scrooge. You know the ritual: boo the curmudgeon
initially encountered in Charles
This kind of thing has done been done, of course, both specifically Marx
and Whitehead, and generally Marx and ___, where the blank is your
favorite philosopher or philosophical tradition (that fills in or
elaborates something missing or underemphasized in Marx, according to
the author). See,
Title: FW: base-superstructure model
Jim D. says:
Reductionism here means trying to explain everything
in the
superstructure by reference to the base. It's silly.
Are you looking to get drawn and quartered? (is that having your four limbs tied by ropes to four horses that
get set
A student wants to read some novels to compare the views on capitalism
they portray. Any suggestions? (something more contemporary than, say,
Dickens' Hard Times). Post-WWII or thereabouts. Thanks, Mat
For related issues in Kenya, see (great title!):
Gîthînji, Mwangi wa. 2000. Ten Millionaires and Ten Million Beggars: A Study of
Dualism, Income Inequality, Households, Class and Development in Kenya. Aldershot,
England: Ashgate Publishing.
also my own:
Bones for Sale: 'Development',
From the Znet interview with Robin Hahnel:
I have long been convinced that we can
retain and expand upon the radical insights of Marxism without clinging
to outdated and illogical theories. I believe The ABCs of Political
Economy offers the non-professional audience a modern replacement for
The cite for those not traveling to Chico in the near future is:
Mage, Shane H., 1963, The Law of the Falling Tendency of the Rate of
Profit: Its Place in the Marxian Theoretical System and Relevance to the
United States, Ph.D. Dissertation, Department of Economics, Columbia
University, New York.
Title: RE: [PEN-L:31670] Re: separated at birth?
Well, we all probably know a dozen people
who look as much like that as they resemble one another.
-Original Message-
From: Devine, James
[mailto:[EMAIL PROTECTED]]
Sent: Tuesday, October 29, 2002
1:29 PM
To: '[EMAIL PROTECTED]'
The organic composition of capital (occ)
is usually defined as c/v. With
this definition, it is easy to show that the value rate of profit, s/(c+v), depends on the rate of surplus value, s/v, and the occ, because s/(c+v) = (s/v)/[(c/v) + 1].
Why does Sweezy define the occ as c/(c+v) in
, 2002 at 11:32:02AM -0600, Forstater, Mathew wrote:
The organic composition of capital (occ) is usually defined as c/v.
With this definition, it is easy to show that the value rate of
profit,
s/(c+v), depends on the rate of surplus value, s/v, and the occ,
because
s/(c+v) = (s/v)/[(c/v) + 1
at 11:32:02AM -0600, Forstater, Mathew wrote:
The organic composition of capital (occ) is usually defined as c/v.
With this definition, it is easy to show that the value rate of
profit,
s/(c+v), depends on the rate of surplus value, s/v, and the occ,
because
s/(c+v) = (s/v)/[(c/v) + 1
Who is Marcella Perelman (or Doug Fernwood for that matter)??
-Original Message-
Hi -- I am writing to encourage everyone on this list to go to the
following web site and sign the letter opposing a war against the Iraqi
people.
www.noiraqattack.org
As you will see -- it is an open letter from the academic community
opposing a US invasion of
PENSION
BLOWUP IS NEXT
http://www.nypost.com/business/55304.htm
Title: Armey honors economics
Hey, I take issue that economics is not an
occupation of the heart! Samuelson had a book Economics from the Heart, Blinder had one Hard Heads, Soft Hearts. I think they
are both even Jewish.
Of course, Nancy Folbre
has The Invisible Heart, which sounds
Michael - There are mixed signals. Some officials said they would use
reserves to make payments, some said they would under certain
conditions, some said they would make their September payment, but not
October, etc. See, e.g.,:
http://www.upi.com/view.cfm?StoryID=20020924-033746-5194r
If you
One of the problems in Argentina is that there is no Lula (not to say
that that is all they need). Unless something is going to change, none
of the Argentine Presidential candidates is really proposing to tell the
IMF to take a hike. They may give some lip service to the IMF policies
causing
I'm trying to collect a list of arguments for raising the minimum wage,
especially those that apply in 'developing' nation contexts. Fairness,
equity, social justice arguments and/or efficiency/economic/macro
arguments are all fine. Do people know of any good articles, books,
websites that
Title: RE: [PEN-L:29890] Re: Re: Bushies say NAIRU is 4.9
My understanding has always been that the natural rate of unemployment and the NAIRU
are technically different, though looking like and supporting some similar
conclusions. Mat
At an Economics and Sociology conference at Stanford a couple years ago,
a grad student had written a paper on the Bahamas that argued that the
contemporary Bahamian economy should be viewed as a continuation of the
piracy economy of its past. Afterward in a small group chatting about
it with
Louis writes:
even though I believe he is way off the mark on the question of
export-based economies in places like Brazil.
Excellent point, and also valid for Argentina, whose exports are
dominated by 'primary products' that still suffer in global markets from
declining terms of trade a la
The Friedman/Nell exchange in NYRB, linked from the BF on Stiglitz page,
also has BF in the position of deficit hawk. Nell gets in some good
points. Unfortunately, NYRB is charging for peeking at their archives
now, is that right?
-Original Message-
From: Michael Perelman [mailto:[EMAIL
So I pose the same question I asked others to Hari (I may have missed it
but saw no response from others--perhaps some people aren't familiar
with the Greenbelt movement in Kenya--apologize if I missed any
responses):
Is Wangari Mathai subject to similar critique?
Again, I think there are
Some of the criticisms seem well-informed and at least partly valid, but
I have to admit that I think there are bigger enemies out there than
Vandana Shiva, and a lot of what she has written seems to have merit to
me.
Vikash, Ulhas, and others--would Wangari Mathai be subject to similar
Doug wrote:
I thought the problem was capitalist farming, not industrial farming.
I think this is something that needs to be thought through carefully.
There is a long debate between those who take the position that
technology itself is for the most part neutral with the problem being
only what
Title: RE: [PEN-L:28553] RE: RE: Baker and Kar on SS
I assume he is opposed to IMF policy, Jim.. I usually find
myself in agreement with most everything Dean Baker writes. But that is the point of my surprise to read
his words:
the increase in the government deficit, due to the loss of
Title: RE: [PEN-L:28486] Baker and Kar on SS
Argentinas problem was not budget deficits, but the currency board
(among other things). I agree that
external debt (debt denominated in another countrys currency) is a
problem. And I am certainly not
arguing for SS privatization! But havent
we
Pardon if others have already seen this, but I am shocked that their
argument partly includes the position that However, the increase in the
government deficit, due to the loss of Social Security tax revenues
during a transition period, can lead to serious financial problems.
They argue that if
A while back I forwarded a message concerning this subject to Anwar
Shaikh. Here is his reply--better late than never! Mat
-Original Message-
From: Anwar Shaikh [mailto:[EMAIL PROTECTED]]
Sent: Tuesday, July 09, 2002 5:12 PM
Response to Eric Nilsson
Dear Eric
The issue you raise is
Title: Rogoff letter
How about:
Karl Marx by David McLellan, Viking Press, 1975.
See Downgrading Japan, C-FEPS Policy Note 02/01
It is no secret that the Japanese economy remains moribund, facing its
third recession in a decade and with rising unemployment, price
deflation, and persistently stagnant growth. And in spite of near-zero
interest rates, large fiscal deficits, and
From Hamza Alavi
What is specific and central to the capitalist mode of
production (in agricultural capitalism as well as industrial) is the
separation of the producer from the means of production. As Marx
himself put it, 'This separation of labour from the conditions of
labour is the
I read it as a derivation of perpetuate or perpetuity perpetuance?
Perpetuant? A truant pet? A pet per to chance? Pet purr to nuance?
-Original Message-
From: Timework Web [mailto:[EMAIL PROTECTED]]
Sent: Friday, May 31, 2002 3:19 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:26479] re:
But this is why Oliver C. Cox's distinction between racism (and
race) and race antagonism (or racial oppression) is so important.
For Cox, the former is ideological/superstructural, but the latter is
very much a part of material reality, soaked with blood.
We have all come across some perhaps
Harry Chang is very good on this. See his Toward
a Marxist Theory of Racism (two essays by Harry Chang), edited by Paul Liem and Eric Montague in Review of Radical Political
Economics, Vol. 17, No. 3, Fall, 1985, pp. 34-45. (Special Issue: The Political
Economy of Race and Class, Gary
Both 'purely' natural (biological) and social theories of race are wrong
(though if they are the only available the social is certainly
preferable, imo). The reason why the purely social theory is incomplete
is because of the physiognomic rule -- physiognomic traits are
biologically inherited.
Chang, following
Marx, also uses the Gemeinschaft vs. Gesellschaft distinction to demonstrate that a race or
a racial group cannot be a class in the strictly economic-relational sense of
classes. While, in the U.S. prior to the Civil
War it was true that all slaves were Black and all
to
the concepts of Gemeinschaft vs. Gesellschaft and reification, Chang uses
the concept of objectification to try to sort out the issues.
-Original Message-
From: Forstater, Mathew
Sent: Wednesday, May 29, 2002 3:10
PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:26432] RE: Re:Text
File Capitalist
New Schoolers have been notoriously famous for taking 'forever'--ten
years not unusual at all, with some coming in for 'extensions' after the
time limit has been reached. There have been some notable
exceptions--e.g., George Argyrous, Stephanie Bell, Jim Stanford--but all
came in with an M.A.
For a good piece on related issues and a great example from a NY
restaurant menu, see Bruce Pietrykowski, Consuming Culture in
Rethinking Marxism from a the mid nineties.
I admire both Galbraith and Heilbroner, but it always seemed clear to me
that Heilbroner (save maybe his New Yorker articles or whatever) was
writing at a more complex, deeper level (even in NYRB--articles on
Schumpeter, Keynes, etc.). One may differ with, e.g., his
interpretation of dialectics
-power didn't exist _as a
commodity_. I
don't insist that everything I read agree with either Marx or me, but
his
avoidance of basic Marxian concepts seems to encourage fuzzy thinking.
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
-Original Message-
From: Forstater
I don't know how many pen-lers are on this kapital gang list, I don't
think I even subscribed to it, so maybe we are all on there. Anyway,
there was just an announcement of Joel Kovel's new book, with the great
title The Enemy of Nature: The End of Capitalism or the End of the
World. The
Center for Full Employment and
Price Stability
workshop on
The State of the World
Economy
Analysis and
Prospects
with
William F. Mitchell
Center of Full Employment and
Equity, University of Newcastle
Warren Mosler
AVM, Ltd.
Stephanie Bell
Center for Full
Sven Larson (Post Keynesian) is at Roskilde. CBS actually has a bunch of
people interested in non-neoclassical stuff, but they are in something
like the Organizational Learning dept. I was there a year or two ago for
a conference--it was held in the King's former summer home on the Black
Dickinson College in Carlisle PA, has a Marxist (Sinan Koont, phd from
UMass-Amherst), a neo-Marxists/radical political economist (Chuck
Barone, Phd from American) an institutionalist (Gordon Bergsten, Phd
from UCB), and a non-neoclassical Austrian (Bill Bellinger). Their
visiting people are
Cal State San Bernardino has Nancy Rose, Mayo Torunyo, Eric Nilsson (on
pen-l I believe).
Listen, one hetero economist does not a hetero dept make. That's called
a marginalized token.
I say either there has to be a concentration of non-mainstream people
(not all, maybe not even half, but a
Sorry, sent my note before I saw Eric's post. Wow, Eric, thousands of
dollars from alums to fund scholarships in econ--cool!
Colorado State - Fort Collins still has a bunch of institutionalists and
a program or concentration in institutional or political economy. Ron
Stanfield, Ronnie Phillips, etc.
University of Denver has Post Keynesians and institutionalists like
Peter Ho, Tracy Mott, Robert Urquhart, etc.
Wright
Kalamazoo has two New Schoolers, Louis-Philippe Rochon (who has a name
chair) and Matias Vernengo, and they have their own institute, hold
conferences, etc.
Hey, just about the whole world is heterodox!
Michael, I heartily disagree that for Smith profits were wages of
supervision. In WN, Smith states that:
The profits of stock, it may perhaps be thought, are only a different
name for the wages of a particular sort of labour, the labour of
inspection and direction. They are, however,
One of the best on real and nominal interest rates was the late great
George Brockway. See his latest edition of THE END OF ECONOMIC MAN,
Norton. For a brief summary and commentary (and tribute to George) see
http://www.cfeps.org/pubs/pn/pn0203/pn0203.html
University of Southern Maine
If you are including smaller undergrad schools:
Franklin and Marshall College
Dickinson College (University?)
(both in Penna.)
There are lots more little ones.
UM Lowell? Who's there? Tufts? What's the criteria here?
-Original Message-
From: Max B. Sawicky [mailto:[EMAIL PROTECTED]]
Sent: Sunday, May 12, 2002 5:59 PM
To: Pen-L
Subject: [PEN-L:25931] Hetero Depts
I want to put a list of heterodox econ depts
(loosely defined) on my web site.
Hicks?
-Original Message-
From: Ian Murray [mailto:[EMAIL PROTECTED]]
Sent: Friday, May 10, 2002 4:00 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:25863] pop quiz time
[who said it?]
...confusion forces practical economists to explain the determination
of
interest by opportunity cost
This is probably old for many others, but I didn't recall ever seeing
this.
You may seen a rare beardless photo of Marx between 15 and 16 years old
at
http://br.groups.yahoo.com/group/attacorg/
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