Funny that Doug and Harry both remarked on the strangeness of capitalism.
I am discussing that subject just now in my latest project. I am off to
the library to look at Polanyi's "Aristotle disovers the economy" again.
If buying and selling is so natural, why are drugs, prostitution and child
Peter Burns writes: The willingness of the population to
accept highly progressive taxation is tied to the range
and quality of public services which they receive in
return.
There's a lot of truth to that, especially in Western Europe back
when social democracy ruled. But here in the US,
In a recent post Doug Henwood mentioned the likes of "swaptions",
"Butterflies" and a couple of other rare money species. Could you explain
what these are?
Bill Burgess
Vancouver
Robin,
'Fraid so. Actually in the old USSR they had labor
markets. If someone wanted to quit a job and work
somewhere else, they could, subject to restrictions on
migration (the "Moscow Does Not Believe in Tears"
syndrome). Only if people are assigned a job and can't
quit, a la the
At 11:27 AM -0800 2/17/97, Bill Burgess wrote:
In a recent post Doug Henwood mentioned the likes of "swaptions",
"Butterflies" and a couple of other rare money species. Could you explain
what these are?
Swaptions are options on swaps. A butterfly spread involves simultaneous
purchase and sale
Michael Perelman wrote,
Funny that Doug and Harry both remarked on the strangeness of capitalism.
I am discussing that subject just now in my latest project. I am off to
the library to look at Polanyi's "Aristotle disovers the economy" again.
BUT, lest we get carried away with only the
I have a student who is doing a paper for another class on how the World Bank,
IMF, etc. policies impact on indigenous businesses and restrict the growth of
the local economy. I know that the "50 years is enough" group has done a lot
of work in this area, but I can find their e-mail or web addr.
DOUG ORR wrote:
One final question on this topic. I remember someone who has done a lot of
work on this topic is a woman named Cheryl P. Anyone would can help me
with her last name would be appreciated.
Payer
Jerry
Date: Mon, 17 Feb 1997 00:27:08 +
Subject: Salinas + Narcos (news)
Reply-to: [EMAIL PROTECTED]
From: rc whalen [EMAIL PROTECTED]
Subject: Salinas + Narcos (news)
Listeros:
Remember who told you first.
Un gran abrazo a todos!
Diablito
MEXICO CITY,
I watched a 60 minutes segment Sunday about the financial collapse of the
Russian army. The part that really caught my attention, though, is the fact
that by not paying their bills, the Russian nuclear submarines are in danger
of melting down because the equipment which keeps the temperatures
I'm too sick to do "real" work (except the stuff that _really_ needs
to be done) and I'm stuck in the office because my wife has my car,
so here's the continuing saga of the NAIRU/MERU...
In response to my question of whether or not we can "say
_definitely_ that unemployment in the US is lower
From: Lawrence, Elizabeth
To: 'CAN-LABOR '; LABOR-L, trade-unions-he; work-at-edu
Subject: Strike to Protest Victimisation of Union Branch Secretary
Date: 17 February 1997 12:14
Strike to Protest Victimisation of Union Branch Secretary in Accrington,
Lancashire, England.
(Please cross
The name is: Cheryl Payer
Her book on the IMF was called "The Debt Trap". I think the one
one of the World Bank was called just that.
Her address is: Carmine St. No. 10, New York
On Mon, 17 Feb 1997, DOUG ORR wrote:
I have a student who is doing a paper
I have a second request for help with sources. I have another student who
is in the MBA program who wants to do a 5-credit independent study on
"green capitalism." Specifically she is somewhat interested in "green
investing," but is more intereseted in firms that focus on doing environmentally
Anders writes Someone could argue that only by having a clear
vision of the future we want can we hope to make progress. But
I've been in plenty of meetings with lefties who have such a
vision, and it doesn't seem to do much in helping
to figure out what we do right now. As often as not,
it
At 12:10 PM -0800 2/17/97, Tom Walker wrote:
BUT, lest we get carried away with only the _strangeness_ of capitalism,
there is the infamous other side: it works. It doesn't achieve a just
distribution of wealth, but it does sustain a remarkable generation and
accumulation of wealth,
Jerry Levy quoted everyone else and then wrote,
To say that capitalism is "odd", by itself, is not a very meaningful
statement. For Marx, the object was to discover the _logic_ of capitalism
("the economic law of motion of modern society"), rather than mere
oddities. It is easy enough to talk
At 10:06 AM 2/17/97 -0800, Max wrote:
Maybe we differ in that one impulse is devoted to
creating a legacy of a vision which future
generations will find illuminating and useful,
and frankly I'm interested in work whose
beneficial, tangible effects I will live to see,
not least because I would
At 09:45 AM 2/17/97 -0800, Jim wrote:
In addition to the issue of external costs benefits, Robin
Hahnel is onto something that Kenneth Arrow noted a long time
ago:
"Under the system of a free market, such feelings [social values,
the ordering of social states according to moral standards]
Tom Walker wrote:
I wrote,
Probably no more
than one in twenty "marxian economists" would see commodity production as
odd. That doesn't mean it's _not_ odd.
And Max Sawicky replied
This gives an unexpected meaning to the word
'odd.'
It may be unexpected, but it's not original. The idea
In a message dated 97-02-16 16:47:03 EST, you write:
In a message dated 97-02-15 09:06:43 EST, you write:
man hours
sigh. they just don't get it. maggie coleman [EMAIL PROTECTED]
Maggie,
Did I write this? I hope not - I have to pay thrice in my household for such
words!!
How are
Please excuse my ignorance, but I don't follow, "follow the bananas" or "J.
Fred Max." I'd appreciate some enlightenment on these burning questions.
I don't think ignorance is at issue, just a taste
for my jokes and a certain amount of aging. My
point was that if human history is two
When you let your mailboxes fill up and your system begins to reject your
mail, it all bounces back to me. I get about 100 such bounces every day.
I may need to start removing such accounts from pen-l.
Sorry.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
About a Hahnel Albert-type socialism, Justin S writes:
Politicization of the whole economy will mean that each group
will try to put the burdens and costs on other groups while
reapin[g] advantages for themselves.
Wait a sec, Justin! that's _exactly_ the way a capitalist market
works (see,
On Mon, 17 Feb 1997, Doug Henwood wrote:
This is an important point. In a time when so many of the dwindling band of
radical political economists are in hot pursuit of respectability - math,
suits and/or stockings, and everything - it's easy to lose the sense that
capitalism is a really
At 8:21 AM -0800 2/17/97, Tom Walker wrote:
I wrote,
Probably no more
than one in twenty "marxian economists" would see commodity production as
odd. That doesn't mean it's _not_ odd.
And Max Sawicky replied
This gives an unexpected meaning to the word
'odd.'
It may be unexpected, but it's
I agree with Robin Hahnel that externalities are pervasive
in market economies and that a great deal of mispricing
occurs as a result. The question that needs addressing,
though, is how to calculate externalities accurately
enough without a decentralized, flexible price system. To
Reply-to: [EMAIL PROTECTED]
Subject: [PEN-L:8639] Re: market socialism, planned socialism
And what's your time horizon for
"new-fangled"? Since the death of Christ?
. . .
Even "since the death of Christ" is only 2000 years -- of 2 million years
of human beings. This is
From February 3-7, a Conference on Education took place in
Havana, Cuba with the participation of over 6,000 teachers,
professors and specialists in the field of education. The topic
was: "Forum for the Unity of Latin-American Educators" and
delegates came from over twenty countries, including
Doug Henwood [EMAIL PROTECTED] 14/February/1997
06:16pm
He was succeeded by Lewis Preston, who has since died, and
then by James Wolfensohn, who is very much alive, and a walking
example of
the bourgeoisie at its cleverest.
Wolfie was banqueting in Cape Town last Friday and Maputo on
Saturday.
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