Dear Ajit,
You may not remember my friend ela from D. school, Sanjoy Ghose is
her brother and an old acquaintance of mine. Can you please circulate
this message on your various discussion groups? regards,
sanjay
An Appeal
For the Release of Sanjoy Ghose
We the undersigned are deeply
I must admit I am a little suprised that Pen-l-ers would be
debating this issue in terms of neoclassical marginal
productivity. This is the equivalent of arguing, what is
the marginal productivity of a mugger? (i.e. someone who has
market power because of some non-market force.)
The moment one
Yesterday, I mentioned an event study approach, looking at the
executives who get higher pay while their companies perform more poorly.
Today, I would like to take note of another perversity. Now that
universities are becoming more like other corporations, university
presidents are commanding
At 08:47 AM 7/9/97 -0700, James Michael Craven wrote: [SNIP]
purported CEO "marginal productivity" or MRP. Often, behind the slick
suits, executive penthouses and the trappings of executive power, one
finds individuals who might best be described as fluff n' puff,
predatory,
While some interesting points have been made concerning the relationship
of CEOs salaries to performance, there is a ceteris paribus problem.
Marginal productivity theory posits that other factors are held constant.
That is, there may be a multitude of other factors which are affecting
Doug writes:
In the higher rentier consciousness, the product of a CEO is, or should be,
a higher stock price, which may be the same as reported profits, but hardly
always. To that end, compensation packages have been refashioned to depend
more on stock options and less on straight salaries.
On the first day of all of my classes, when introducing various
concepts of "efficiency" (technological, economic, productive,
consumer, exchange and allocative), I hand out the following:
Rentabilitatsberechnung der SS uber Ausnutzung
der Haftlinge in den
Yes, addenDUMB: I got so hung up with the idea of execs being paid a
scarcity rent that I lost sight of what they get paid when they don't
receive a scarcity rent, i.e., when they're paid their "Marginal physical
product."
Since corporate execs are, strictly speaking, unproductive workers --
A concrete "experiment" in relation to this question is the executive
salaries in the British utility privatizations. In all cases, CEO
salaries rose substantially after privatization. This is interesting
because the neoclassical maximum competitive market value of these
individuals had
Gil Skillman wrote:
So the claim that executives do not typically receive rents depends on
pretty strenuous conditions. How to prove that they in fact receive rents?
Ask first who has proved that they receive _no_ rents--I'd love to see the
study claiming to do this. As a first pass, the
Friends, Is Dave Richardson of the BLS Daily Reports off the list. I'm trying
to get in touch with him.
Michael Yates
At 08:47 AM 7/9/97 -0700, James Michael Craven wrote:
[SNIP]
purported CEO "marginal productivity" or MRP. Often, behind the slick
suits, executive penthouses and the trappings of executive power, one
finds individuals who might best be described as fluff n' puff,
predatory, machiavellian,
From: Nicaragua Network [EMAIL PROTECTED]
[The information for this alert was provided on July 9, 1997, by the
U.S./Guatemala Labor Education Project, P.O. Box 268-290, Chicago, IL
60626; Tel: (773) 262-6502; e-mail: [EMAIL PROTECTED]]
URGENT!!! PLEASE ACT ON THIS ALERT:
House Tax Bill
Bill Burgess writes: US hegemony partially functioned during the long
post WW2 boom;
those days are over. The military fact of the USSR blunted open rivalry
between imperialist powers for awhile, but its (partial) demise opens more
room for fighting over profit potentials. We're leaving off the
Bill B wonders if competitive austerity and the "high productivity"
strategy could be different forms of national capitalist competition.
The problem with this is that they are more evidently different forms
of competition between national working classes.
Nevertheless Bill's emphasis on the
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