ley Rosser
-Original Message-
From: Forstater, Mathew [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Friday, February 02, 2001 6:08 PM
Subject: [PEN-L:7719] RE: Re: RE: Re: Re: Re: Re: recent economic trends
from Hagemann's piece in the Lowe volume:
"Bouniatian a
le in 1998 in Structural
Change and Economic Dynamics.
Barkley Rosser
-Original Message-
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Thursday, February 01, 2001 5:10 PM
Subject: [PEN-L:7681] Re: Re: Re: recent economic trends
Marx suggested some
: Re: Re: recent economic trends
Michael,
Fair enough.
Anybody out there know who was the first to identify
bunching specifically with technologically related investment
waves? Schumpeter did it in his 1911 Theorie der
Wirtschaftlichen Entwicklung (English translation, 1934,
The Theory
heory of industrial depressions" QJE,
17, pp497ff.
-Original Message-
From: J. Barkley Rosser, Jr. [mailto:[EMAIL PROTECTED]]
Sent: Friday, February 02, 2001 12:54 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:7711] Re: RE: Re: Re: Re: Re: recent economic trends
Mat,
So, sinc
I am not sure about this, but keynes and hayek in some
correspondence seemed to be in agreement on the causes
of the cycle but not on the remedy. It is true that
Hayek's use is wrong not only for this but also for
methodological reasons. I probably meant that
intervention of the usual kind is not
That was my reading of Smith.
Jim Devine wrote:
Michael Perelman wrote:
The actual conspiracy that I was accused suggesting was that Adam Smith
wrote in such a way as to intentionally mislead his readers. In that
case, the conspiracy consisted of Adams Smith alone. So he must have
At 06:10 AM 2/1/01 -0800, you wrote:
Here one must introduce political
economy, i.e. War, and a New World order in which
immediate re-division and even the old dream of
re-colonizing the newly independent states may not be
ruled out although highly unlikely since many of these
have already
PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Wednesday, January 31, 2001 5:17 PM
Subject: [PEN-L:7614] Re: Re: Re: Re: Re: recent economic trends
At 01:29 PM 1/31/01 -0500, you wrote:
Marx had a bunching theory tied to replacement
wave cycles a la the sort of thing now advocated
ss someone comes up with one first.
Barkley Rosser
-Original Message-
From: Jim Devine [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Wednesday, January 31, 2001 5:17 PM
Subject: [PEN-L:7614] Re: Re: Re: Re: Re: recent economic trends
At 01:29 PM 1/31/01 -0500, you wrote:
Marx suggested something like an echo cycle occurring every ten years, but
he never gave a reason for the original bunching.
On Thu, Feb 01, 2001 at 03:44:41PM -0500, J. Barkley Rosser, Jr. wrote:
Michael,
We are all in full agreement on this business of
the replacement cycles and
The investment bunching business cycle theory begins with Marx. Robertson
picked it up from him, making it respectable. Hayek got his theory of
bunching from Mises. Incidentally, David Laidler's Fabricating the
Keynesian Revolution does a good job of telling this story -- without
mentioning
001 12:05 PM
Subject: [PEN-L:7587] Re: Re: Re: recent economic trends
The investment bunching business cycle theory begins with Marx. Robertson
picked it up from him, making it respectable. Hayek got his theory of
bunching from Mises. Incidentally, David Laidler's Fabricating the
Keynesian Re
Although nobody has asked, the title will be
(according to the galley proofs),
"Failure of the Washington Consensus on
Inequality and Underground Transition Economies."
A version with a slightly different title is available
on my website. It is coauthored with my wife, Marina.
Barkley
Jr. wrote
Ali,
It may be Schumpeterian, but it is probably not
Hayekian. In the Hayekian case, the overinvestment
occurs because monetary policy was "too easy"
and pushed the "market rate of interest below the
natural rate of interest." Maybe one can argue that
the Fed should not
Lisa Ian Murray [EMAIL PROTECTED]
To: [EMAIL PROTECTED] [EMAIL PROTECTED]
Date: Wednesday, January 31, 2001 2:09 PM
Subject: [PEN-L:7601] RE: Re: Re: recent economic trends
Jr. wrote
Ali,
It may be Schumpeterian, but it is probably not
Hayekian. In the Hayekian case, the overinvestme
.
Sent: Wednesday, January 31, 2001 11:31 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:7603] Re: RE: Re: Re: recent economic trends
Ian,
Exactly the point. There is no patience. In
a true boom there is a mania for the quick return
that takes over, and that is seen (rightly at least
At 01:29 PM 1/31/01 -0500, you wrote:
Marx had a bunching theory tied to replacement
wave cycles a la the sort of thing now advocated
by Kydland and Prescott ("real business cycles").
The latter even attribute their beginnings to "technology
shocks."
But Marx emphasized the demand side
17 matches
Mail list logo
