[PEN-L:9496] RE: geometric-mean CPI

In what way does utility theory enter into the calculation of the CPI? My understanding is that the issue is empirical: how does the bundle of goods people consume change with price changes. Why do you need utility theory for this? Is it invoked just for ritualist purposes ("hey, look we're

[PEN-L:9498] executive pay

Here is a fun web site with a bunch of info. on executive pay: http://www2.paywatch.org/ceopay/front.html -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail [EMAIL PROTECTED]

[PEN-L:9499] query: uneven development

Does anybody on pen-l know of any good references on (or special insight into) the subject of the Marxian theory of "uneven and combined development." I am specifically thinking of the theory that the Bolsheviks invoked in the early 20th century, rather than the dependency school's "uneven

[PEN-L:9500] Re: query: uneven development

This is Trotsky's theory, not a Bolshevik theory as such. The idea is closely related to his theory of permanent revolution and is explained at length in his "Permanent Revolution" and "History of the Russian Revolution". For a more contemporary analysis, I recommend Michael Lowy's book "Combined

[PEN-L:9507] Robert Reich's imaginary conversation with Alan Greenspan

There's an interesting but self-serving article by Robert Reich in the latest New Yorker. It would appear to be an excerpt from a soon to be published book about his misadventures in the Clinton administration. He describes his dinner with Alan Greenspan to the readers of this degraded

[PEN-L:9508] South Africa

The Globe and Mail Friday, April 11, 1997 DE KLERK NAMED IN SECRET-WAR REPORT Commission hears of third force By Hein Marais A series of revelations corroborates long-held suspicions that the former white- minority government of South Africa

[PEN-L:9511] RE: geometric-mean CPI

On Tuesday, April 15, 1997, at 10:07 AM, Eric Nilsson wrote In what way does utility theory enter into the calculation of the CPI? ... Related to Mark Weisbrot's comments: is utility theory being invoked say that consumer utility stays the same as they move along a single utility curve as

[PEN-L:9510] RE: Geometric mean CPI

The Geomean is an expenditure weighted geometric average of the price relatives. Any price index is expressed as a "typical" ratio of price changes from the base month to, say, the current month. Assume i=1,2,...,N goods with base prices Pib and current prices Pit. The expenditure shares Si

[PEN-L:9513] Re: neo-liberalism question

What is the origin of the word, "neo-liberalism"? Does it refer to a ressurection of classical liberalism (a la Adam Smith) or a revision of modern liberalism (a la Keynes)? The former; I've always assumed the word came from the Latin American debates, in which it's widely used. After

[PEN-L:9514] Re: neo-liberalism question

I've had the same question as Michael. Although I've seen "neoliberal" used in the context of World Bank/IMF policies and Latin American discussions, "neoliberal" has also been used in the U.S. context, e.g., in an article on privatization in the latest Dollars and Sense. How is this paen to

[PEN-L:9515] Re: query: uneven development

Does anybody on pen-l know of any good references on (or special insight into) the subject of the Marxian theory of "uneven and combined development." I am specifically thinking of the theory that the Bolsheviks invoked in the early 20th century, rather than the dependency school's "uneven

[PEN-L:9509] Fw: Re: RE: geometric-mean CPI

--- On Tue, 15 Apr 1997 11:19:57 -0700 (PDT) Richardson_D [EMAIL PROTECTED] wrote: On Monday, April 14, 1997 6:34 PM, Mark Weisbrot wrote Mark also wrote the reporting on the BLS geometric mean experimental index has been very misleading, creating the impression that

[PEN-L:9506] Re: Measurement of inequality

See Ed Wolff's new textbook Economics of Poverty, Inequality Discrimination. Cheers -- Eric Schutz A friend has asked me about alternatives to the Gini coefficient. I seem to remember a paper titled 'On the Measurement of Inequality', but I can't find it in my files. Anyone have

[PEN-L:9505] Re: Walras vs. Sraffa

Robin Hahnel writes: BUT the Sraffian framework is more self-consciously limited. It screams out that something other than the analysis you are being presented goes into determining the wage/profit ratio. This self-conscious limitation is very important. The Walrasian attitude seems to be to

[PEN-L:9503] Santos, Liverpool, Seoul, Amsterdam, the same world, (fwd)

Comments: To: [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED] To: [EMAIL PROTECTED] This report from the Santos port unions, translated by LabourNet, predates the report that the Federal Police had gone in and arrested the workers

[PEN-L:9502] FW: BLS Daily Report

BLS DAILY REPORT, MONDAY, APRIL 14, 1997 Producer prices for finished goods dipped a seasonally adjusted 0.1 percent in March, and the core-rate -- minus volatile food and energy components -- rose 0.4 percent, BLS reports. The sharp 3.4 percent decline in energy prices is partly responsible

[PEN-L:9501] Re: Walras vs. Sraffa

There is a difference between what use people DO make of a theoretical framework and what use COULD BE made of a theoretical framework. And this difference is part of what fuels the Skillman/Ajit debate it seems. But it is also true that certain theoretical frameworks LEND THEMSELVES MORE

[PEN-L:9497] neo-liberalism question and world bank question

What is the origin of the word, "neo-liberalism"? Does it refer to a ressurection of classical liberalism (a la Adam Smith) or a revision of modern liberalism (a la Keynes)? I have heard that the head of the World Bank said that his goal was to change from a world of poor people with no jobs to