[PEN-L:9803] Re: Walras vs. Sraffa

1997-05-02 Thread Ajit Sinha
My response to Gil continues... Gil: Ajit continues: Gil Claims: the claim that "[i]ncomes are determined by...socio-historical factors (including class struggle" can be expressed with equal legitimacy in the Walrasian framework. Reason: in that framework, income distribution depends

[PEN-L:9805] South Korea's Revised Labor Law Condemned: Workers Determined To Stage

1997-05-02 Thread SHAWGI TELL
The National Alliance for Democracy and Reunification, in a statement on March 9, branded the reamendment of the labor law agreed to by the ruling and opposition parties of south Korea as the second retrogressive revision and declared it could not accept it. According to Seoul radio

[PEN-L:9811] Re: Trying to keep focused

1997-05-02 Thread Doug Henwood
D Shniad wrote: Then you apply the coup de grace: "No one disputes that there's lots of furious, pointless, even destructive speculative activity going on. How, precisely, is it malignant, though? Merely describing its magnitude is not to make the case." Forgive me, but aren't we quibbling a

[PEN-L:9813] Re: Globaloney

1997-05-02 Thread Marshall Feldman
From: Doug Henwood [EMAIL PROTECTED] D Shniad wrote: What follows is a response to Doug's call to specify a bit more what we're talking about when we compare the relative magnitude of financial speculation to that of trade and other economic activity. (Caveat: I don't work with or have access

[PEN-L:9814] Re: Rethinking Marxism conference

1997-05-02 Thread Doug Henwood
Antonio Callari wrote: Doug, your reaction to Steve, in addition to being unfair to him--for I don't think he wrote what he did in the sectarian spirit you imputed to him--is unfair and problematic in that it turns into an attack on the journal as a whole. And the level of your critique is

[PEN-L:9815] Re: Keeping on track

1997-05-02 Thread Doug Henwood
Michael Perelman wrote: Whether you agree with RM, postmodernism, Leninist, Trostskyist, or Stalinist politics is not as important as getting something real done when, as in the U.S., Clinton and the Republicans can sit down in a room and negotiate a budget, leaving Dick Gephart to represent the

[PEN-L:9818] Re: RM conference overdetermination

1997-05-02 Thread Marshall Feldman
Jim Devine writes: This fits with an insight that Alan Freeman suggested as one part of a longer paper he presented at the recent ASSA/URPE conference: when Marx (or Freeman) talks about "objective conditions," he is not talking about "the forces of production" (as the technological

[PEN-L:9819] Re: Keeping on track

1997-05-02 Thread Louis Proyect
At 10:57 AM 5/2/97 -0700, you wrote: "And another thing!," he hectored In its mad search for mathematical rigor, economics as a discipline has gotten horribly cut off from the rest of intellectual life. Shouldn't radical economists do something about that? Try to engage with what's going on

[PEN-L:9804] Over 650 Million Children In Extreme Poverty

1997-05-02 Thread SHAWGI TELL
According to the United Nations Children's Fund (UNICEF), over 650 million children are living in conditions of extreme poverty. Releasing the report, UNICEF Executive Director Carol Bellamy said: "Contrary to what the world might expect, the poor are getting poorer, the number of poor is

[PEN-L:9822] Re: US Steel and Finance Capital

1997-05-02 Thread Tavis Barr
Michael-- Your piece on US Steel was interesting. Thanks. It raised a bunch of questions, though: You describe one view of production (unit cost-minimizing) as "industrial" and the other (revenue maximizing through rents) as "financial." While the classification has some aesthetic appeal

[PEN-L:9823] Re: MAI and Foreign Control in Canada

1997-05-02 Thread Bill Burgess
On Fri, 2 May 1997 [EMAIL PROTECTED] wrote (**excerpts only** below): Isn't it important to look at specific sectors of the economy rather than just the overall amount of foreign control? I agree, but the tendency has been to look only at sectors with high foreign control and

[PEN-L:9810] Keeping on track

1997-05-02 Thread Michael Perelman
The thread on globalization seems to be very valuable. Much like the debates about the mode of production in developing countries in the 60s, it has important implications for political action. The Rethinking Marxism debate, in contrast, seems to serve no other purpose other than reopening old

[PEN-L:9808] Re: Rethinking Marxism conference

1997-05-02 Thread Louis Proyect
Antonio Callari: For you to use the example of the plenaries to typecast the journal is simply to give free reign to the instincts you, and orthers, to attack! attack! attack! Attack who? us? for not having had balanced plenaries? Where is the public attack on other conferences that also do not

[PEN-L:9816] Re: Keeping on track

1997-05-02 Thread Doug Henwood
"And another thing!," he hectored In its mad search for mathematical rigor, economics as a discipline has gotten horribly cut off from the rest of intellectual life. Shouldn't radical economists do something about that? Try to engage with what's going on in other social sciences and in

[PEN-L:9817] Re: Globaloney

1997-05-02 Thread Doug Henwood
Marshall Feldman wrote: Perhaps one should go back before 1980. Most arguments re. globalization allude to a transition in the SSA/MSR c. 1969. So comparing 1960 and 1997 might be more to the point. What then becomes the non-globalized Other of this model? The crisis years 1929-45? The period

[PEN-L:9821] Re: Workers' interests

1997-05-02 Thread rakesh bhandari
Question: What are the classic/standard references on the question "What are workers' interests"? (That is, beyond work of Lukacs, Gramsci, Poulantzas) Is there any good recent discussion of this question? Thanks. Eric Revolutionary workers are most interested in the abolition of wage labor

[PEN-L:9806] Workers' interests

1997-05-02 Thread Eric Nilsson
Question: What are the classic/standard references on the question "What are workers' interests"? (That is, beyond work of Lukacs, Gramsci, Poulantzas) Is there any good recent discussion of this question? Thanks. Eric .. Eric Nilsson Department of Economics California State University San

[PEN-L:9812] RM conference overdetermination

1997-05-02 Thread James Devine
I'm sorry that I started a discussion of the Rethinking Marxism conference. Not having been there, I didn't know that people were so sensitive about it. Worse, I didn't realize that it would open the Jerry vs. Louis debate. Anyway, I think that pen-l has said enough about that conference --

[PEN-L:9820] Re: Subscribe

1997-05-02 Thread Richard Weisskoff
At 09:47 AM 4/28/97 -0700, you wrote: subscribe

[PEN-L:9807] Re: Rethinking Marxism conference

1997-05-02 Thread Antonio Callari
There we go again! One of the points Steve Cullenberg made was that we can hardly afford to be fighting about these things. For example, we in RM, both personally and as a group notice when other conferences exclude us, or are not balanced in their plenaries, etc. Yet, as far as I know, none of

[PEN-L:9809] Re: MAI and Foreign Control in Canada

1997-05-02 Thread HANLY
Isn't it important to look at specific sectors of the economy rather than just the overall amount of foreign control? In the late sixties and early seventies there was a concerted effort by the left nationalists such as Watkins and Laxer to call attention to the degree of US and

To Cheryl from Gainsville

1997-05-02 Thread Nathan Henderson-James
I am sorry to clutter the entire list with what is a personal message, but I do not have Cheryl from Ganisville's e-mail address, nor was I smart enough to writer down her last name before I carelessly erased the e-mail message she left me. So Cheryl, I am not ignoring you. I was just

[PEN-L:9831] Re: US Steel and Finance Capital

1997-05-02 Thread Eugene P. Coyle
Michael addressed the 20s and 30s and Tavis jumped to the 80s and 90s. I want to insert the 60s. In the mid 1960s European steel makers, and I think the Japanese, were building capacity with new technology, the BOF. US steel companies -- and as I recall, specifically United States

[PEN-L:9833] Re: US Steel and Finance Capital

1997-05-02 Thread Michael Perelman
I understand that, in part, the steel companies stuck with their old technology to avoid having to scrap existing equipment. I don't think that there were few greenfield investments. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail

[PEN-L:9826] Re: US Steel and Finance Capital

1997-05-02 Thread Michael Perelman
Tavis Barr wrote: Michael-- Your piece on US Steel was interesting. Thanks. It raised a bunch of questions, though: You describe one view of production (unit cost-minimizing) as "industrial" and the other (revenue maximizing through rents) as "financial." While the classification

[PEN-L:9837] whose consumption

1997-05-02 Thread J. Zaccone
I have been wondering why consumption has kept up so well despite stagnant or falling wages for the overwhelming majority of workers. (Of course, rising debt ratios have helped.) An interesting insight comes from the Chase Financial Digest: "Overall, it's the higher-income families that

[PEN-L:9830] Re: US Steel and Finance Capital

1997-05-02 Thread Michael Perelman
D Shniad wrote: Michael, isn't your example a definitive refutation of the notion that tech change is incremental? (Seems that way to me.) This is consistent with my experience. Generally, you are correct. As Doug's old buddy, Larry Summers, noted, at this point in time, technical change

[PEN-L:9840] Re: What are the questions?

1997-05-02 Thread MScoleman
Enough to keep wages down. In a message dated 97-05-02 20:30:44 EDT, you write: What is the correct number of idle workers? It is interesting that in the first year following the raise in minimum wage unemployment is at its lowest level in decades. maggie coleman [EMAIL PROTECTED]

[PEN-L:9836] globalization

1997-05-02 Thread J. Zaccone
It seems to me there are some significant differences in the global economy, though the data are probably somewhat unreliable. For example, the World Bank (1995) reports the following percentages for exports of goods and nonfactor services as a fraction of GDP: 1970 1993

[PEN-L:9827] NAFTA Nightmare, MAI's potential (fwd)

1997-05-02 Thread D Shniad
What follows is a 1600 word briefing paper on the $251 million lawsuit filed by the Ethyl Corporation against the Canadian government. Ethyl used its right to sue national governments established in NAFTA (and included in the proposed Multilateral Agreement on Investment (MAI)) to sue

[PEN-L:9832] What are the questions?

1997-05-02 Thread John Pool
There's an old joke about the professor who always gave the same questions on exams. When asked about this he said "The questions are always the same; it's only the answers that change." My question: What are the questions? Cheers, John Charles Pool PS: For starters the unemployment rate hit

[PEN-L:9838] Re: May Day

1997-05-02 Thread MScoleman
Speaking of which, I went to see "Children of the Revolution" for May Day. Did anyone else see it? If so--what did you think? maggie coleman [EMAIL PROTECTED] In a message dated 97-05-02 04:09:49 EDT, you write: Subj: [PEN-L:9802] May Day Date: 97-05-02 04:09:49 EDT From: [EMAIL

[PEN-L:9834] BOOK PARTY

1997-05-02 Thread mreview
On Wednesday, May 7th, 5:30pm, the editors and staff of Monthly Review Press will host a reception for Doug Dowd to celebrate the publication of his new book, BLUES FOR AMERICA: A CRITIQUE, A LAMENT, AND SOME MEMORIES. Please join us at 122 West 27th Street, 10th floor, NYC, (212) 691-2555.

[PEN-L:9843] Re: MAI and Foreign Control in Canada, Globaloney

1997-05-02 Thread Rosenberg, Bill
Sid Schniad's and Doug Henwood's figures on speculation and foreign investment in the world economy, and Bill Burgess's on Canada were interesting. I'd always had the impression Canada was more neo-colonised than New Zealand. However you might like to consider these figures for New Zealand: A

[PEN-L:9839] Re: Keeping on track

1997-05-02 Thread MScoleman
I agree: (buut): In a message dated 97-05-02 13:57:57 EDT, you write: "And another thing!," he hectored In its mad search for mathematical rigor, economics as a discipline has gotten horribly cut off from the rest of intellectual life. Shouldn't radical economists do something about that?

[PEN-L:9835] Re: US Steel and Finance Capital

1997-05-02 Thread Anthony P D'Costa
This financial and industrial distiction is somewhat simplistic, even though the verdict appears to be the former for US Steel. True US Steel was dominant but there were other big players. True USS led oligopoly was more effective in price stability (upward rigid) and high financial returns,

[PEN-L:9824] Re: Keeping on track

1997-05-02 Thread Michael Perelman
Doug Henwood wrote: Michael, I appreciate your call for comradely amity, but these are serious issues that need to be discussed. Is this "sorry fix" we're in a function, even in part, of a bad set of theories that have led to bad political mistakes? Since a great deal of "postmodernism"

[PEN-L:9842] Canadian unemployment rate question

1997-05-02 Thread tscarth
I seem to remember reading that the official Canadian unemployment statistics do not take into account certain groups; specifically, I believe that either 'status Indians' or people living on reserves are not included in the unemployment rate. Is this true? If it is, why is it done like

[PEN-L:9825] overdetermination -- a sidetrack

1997-05-02 Thread James Devine
after quoting my remark on something Alan Freeman said, Marsh Feldman writes I don't think this gets quite out of the woods. Marsh, I didn't know I was in the woods. More importantly, which woods am I in (or do you think I'm in)? the overdeterminist/pomo woods? the

[PEN-L:9829] ICFTU and Nike

1997-05-02 Thread D Shniad
INTERNATIONAL CONFEDERATION OF FREE TRADE UNIONS (ICFTU) ICFTU ONLINE... 110/970425 INDONESIA AND VIETNAM: MORE ACCUSATIONS AGAINST NIKE Brussels, April 30, 1997 (ICFTU OnLine): In a factory in the outskirts of Jakarta which makes shoes for the US multinational Nike, 10,000