PERSPECTIVES ON ECONOMIC THEORY AND POLICY (M.E. Sharpe, 2000). The
CHALLENGE article (to come) is a revised version of that article, with more
up-to-date data.
Thanks, Jim, that's all I need.
Tom Walker
Sandwichman and Deconsultant
Bowen Island, BC
And by the way, it was Gretchen Morgenson who did the piece in Forbes a few
years back on employee stock options. Louis Proyect just posted a piece by
her on consumer debt. I guess she's another one of those gloom and doom
loving lefties.
Here's a question (and answer) from the final exam for Professor Lutz
Hendricks' Economics 503 course at Arizona State University:
Essay Questions (30 points each). Answer 4 questions.
Question 1. Unemployment and the Work Week
A recent French law intends to shorten the working week from 39
m
behind Grandma's nightgown that should alert Red Riding Hood to the
possibility that the canine-toothed creature in Grandma's bed is not Grandma.
Carrol Cox wrote,
I don't understand the point. Is this an attack on or defense of the
exam questions? It needs more explanation for the non-economists on the
list.
Tom Walker
Bowen Island, BC
604 947 2213
overwork and underemployment is "good
for the economy"? Isn't it about time we buried the bogus lump-of-labor
fallacy alongside the remains of that other scientific hoax, the Piltdown Man?
--
Tom Walker is a social policy analyst and advocate of shorter working
time. Hi
e not
free, if they are not equal before the law or if
they cannot make use of the opportunities open
to them."
Three hours after Mr. Singh's arrest, there was
still no word of where he was being held.
Tom Walker
Bowen Island, BC
604 947 2213
part of it went to feather the beds of
so-called economists and columnists who churn out hoary tales about what a
cracking good deal it all is.
Tom Walker
Bowen Island, BC
604 947 2213
but immature and ill-informed.
Daniel L. Jacobs, a Native of Los Angeles, Is a Sophomore at Williams
College in Williamstown, Mass
Tom Walker
Bowen Island, BC
604 947 2213
Jim Devine wrote,
what is economics, anyway? orthodox economics seems to be a matter of
preaching either free-market philosophy or technocratic superiority, along
with a lot of purely academic stuff.
Or as the Krugman/Jacobs consensus illustrates, purely sophomoric stuff.
Tom Walker
Bowen
pointed at Jeremy Bentham's body, updating images onto the
Internet every five minutes.
http://www.bartlett.ucl.ac.uk/web/Nina/JBentham.html
Tom Walker
Bowen Island, BC
604 947 2213
his social skills: he'd go to his office fridge to get a soda for
himself, not even thinking of offering one to his guest.
Tom Walker
Bowen Island, BC
604 947 2213
-- if they work at a steady pace and make no
mistakes. Given a map that doesn't show the territory, that would be
impossible. In other words, to be blunt, viewed from the bottom of the
division of labour, the 2001 Canada census appears to be a pantomime.
Tom Walker
Bowen Island, BC
604 947 2213
of the restructuring but has it left the industry with a
fundamentally different role, primarily that of leveraged buyer of aircraft
and servicer of debt?
Tom Walker
Bowen Island, BC
604 947 2213
to previous accumulation of surplus value.
[P]roductivity is not what it was cracked up to be. And therein lies one
of the great fallacies of the recent boom and bubble.
Tom Walker
Bowen Island, BC
604 947 2213
before someone
would ask isn't this where we came in? and they would leave. If it was a
tedious movie, someone would ask isn't this where we came in? after about
10 minutes.
Tom Walker
Bowen Island, BC
604 947 2213
A meter is an instrument for measuring and recording the quantity of
something, as of gas, water, miles, or time. Take your pick.
Doug Henwood asked,
Does this have something to do with the length of the workday, or the
lump of entertainment fallacy?
Tom Walker
Bowen Island, BC
604 947 2213
Well, according to Tim Horton's the hole is the Timbit.
Jim Devine writes:
As Baran Sweezy quote Hegel to say, the truth is the whole.
=
According to Paul Diesing, this should actually read the true is the
whole.
Michael K.
Tom Walker
Bowen Island, BC
604 947 2213
one may well expect the metered shit to hit the fan.
Something about all that is solid melts into air; gas again -- greenhouse or
beanhouse.
The METER is running but the cab is parked at the curb with the engine
idling. The meter is RUNNING but does it really count?
Tom Walker wrote:
A meter
Competition is like sex. Whether it is a Good Thing or a Bad Thing very much
depends on who, what, when, where and how.
Doug Henwood asked:
I keep forgetting - is competition a Good Thing or a Bad Thing?
Tom Walker
Bowen Island, BC
604 947 2213
, those ideals are benign compared with the crapulent
social forces that march under that banner.
Doug Henwood wrote,
Yeah, I'm with you on this. But it's a bit odd to see competition
implicitly praised on a Progressive Economists list.
Tom Walker
Bowen Island, BC
604 947 2213
Thing or a Bad Thing very much
depends on who, what, when, where and how.
Tom Walker
Bowen Island, BC
604 947 2213
in a movie by Jessica Tandy was,
When sex is right it can be wonderful;
but when it's wrong it can be wonderful too.
mbs
Competition is like sex. Whether it is a Good Thing or a Bad Thing very much
depends on who, what, when, where and how.
Tom Walker
Bowen Island, BC
604 947 2213
of misinformation and plagiarism creates its own demand.
Tom Walker
http://www.vcn.bc.ca/timework/
nes showed the world that budget deficits could serve as an
instrument for curing depressions, and a quarter of a century after
Nixon declared "We are all Keynsian's now", those who were setting
economic policy for Russia were prescribing ever progressively tighter
monetary and fisca
Devine, James wrote:
speaking of which, I know that size doesn't matter, but how is my font
showing up?
ravi replied,
it could use some viagra.
Or maybe some verdana?
Tom Walker
604 254 0470
As I recall, the stakes were a case of Lagavulin. This payoff comes too
late. I had lunch with Max Monday on his way to Tokyo. If he had already
received the case, maybe I could have mooched a bottle off him. Damn.
Tom Walker
604 254 0470
Rob Schaap wrote:
Doug Henwood wrote:
Michael Perelman wrote:
Is this discussion or the elitism thread going anywhere?
Not really, but does any thread ever go anywhere?
It's the journey, dudes, not the destination.
How about, Is this discussion becoming or going?
Tom Walker
accounting fraud as a boost to global competitiveness? Perhaps he could even
crib a few passages in support of his case (sans acknowledgement, naturally)
from The Protocols of the Elders of Zion.
Tom Walker
604 254 0470
be lubricated by appropriate macroeconomic policies.
Tom Walker
604 254 0470
calibrated to make people forget.
Please be a little more Zen.
Tom Walker
604 254 0470
Jim Devine wrote,
... It's bad for the left for there to be a bunch of
disaffected educated people who can't get decent jobs who join the
obscurantist right. Maybe we can draw them into our camp, but in order to
do
so, we have to pay attention to them.
... we need to increase the demand
is that the economy gravitates
toward the natural rate unless the government or central bank screws things
up.
Tom Walker
604 254 0470
judging figure skating at the Olympics.
Tom Walker
604 255 4812
Jim Devine wrote,
Tom Walker changes the subject...
... and then proceeded to 'counter' my arguments with material that
basically confirmed what I was saying.
What I was saying, distilled to its essence, is that NAIRU is rhetorical and
not scientific in the sense of some disinterested search
to the
seats and whose voices have been polished to a smooth gravel by decades of
tumbling in stale smoke and cheap alcohol.
What if some Indian showed up on 57th street and asked for his land back,
nobody would
take him seriously.
Tom Walker
604 255 4812
This Husqvarnaquistholm sounds like a dangerous fellow. I understand he's
also for clear-cutting old growth forests. Just one point of clarification,
though. Did he actually say condors or condoms? If it was condoms, did he
mean Ireland, not Great Britain?
He argues that if Great Britain
Eugene Coyle wrote,
It is and has been perfectly legal and accepted, for a long time, to use
condoms in Ireland.
You just have to chainsaw the tip off before donning.
Jaysus friggin' Christ, Gene, you wouldn't be needing a condom if you did
that! Unless it was for a tourniquet.
Tom Walker
Can anyone think of what to add to the list?
The way money grows is not the way plants, animals and humans grow. - Gene
Logsdon
Tom Walker
604 255 4812
and Slavery.
The title is self-explanatory.
I expect we'll soon see all conscientious libertarians and consistent social
Darwinists rise up in revulsion against this Bush doctrine.
Tom Walker
604 255 4812
I wrote,
I expect we'll soon see all conscientious libertarians and consistent
social
Darwinists rise up in revulsion against this Bush doctrine.
Mark Jones asked,
Why so?
I was being sarcastic, Mark.
Tom Walker
604 255 4812
Michael Perelman wrote,
We could have an inflatable president, which could be pumped up and
presented at important occasions, and the system would be virtually
unchanged.
Correction: the adjective virtually is unnecessary here. Certainly in some
dimension I am sure there is a flesh and
Michael Perelman wrote,
Ok Walker. You want to challenge my language. How about your ex-drunk?
Smoking gun had a video of a drunk W. and by the looks of it the event was
not too long ago.
You win. I was just trying to show deference to the office of the President.
I mean, who ever heard of
and more to the
innovative and flexible private sector.
http://www.ignitelearning.com/home.htm
Tom Walker
604 255 4812
of the residential and commercial real estate
industries.
Posted July 26, 2002
Tom Walker
604 255 4812
fascist shows a naive faith in the goodness of simple capitalist
democracy.
Doug Henwood wrote,
If capitalist democracy were such a total sham, how come you're not
in jail? Is it just because you're so marginal? Or is the thing
actually a little roommier than Germany in 1938?
Tom Walker
604 255 4812
to grow WEARY of sin?
*Pride, Avarice, Envy, Wrath, Lust, Gluttony, Sloth
Tom Walker
604 255 4812
of Keynesian economics.) And they
can usually be cured by issuing more money--full stop, end of story. An
overall excess of production capacity (compared to what?) has nothing at all
to do with it.
Tom Walker
604 255 4812
And what rough beast, its hour come round at last
Oochs toward Bethlehem to be born
Tom Walker
604 255 4812
Silent Sperm describes the 50% loss in sperm count that has occurred
in men worldwide during the past 40 years.
Yeah, but who's counting?
Tom Walker
604 255 4812
NPR's
broadcasts. Buzenberg
later suggested that Reich's attempt to intimidate people at NPR had been
effective. He recounted in a speech how an editor had asked him, with regard
to one of his stories, 'What would Otto Reich think?'
Tom Walker
604 255 4812
are honest
and well-intentioned.
Doug Henwood wrote,
Well, damn, I only spend my life with this stuff, so I guess I'm at a
disadvantage not having just done a five minute Lexis search.
Tom Walker
604 255 4812
are telling us that employment
is
holding up and remaining robust, suggests that there's something funny
about
that statistic, whether or not it is in fact describing the reality it
purports to describe.
Tom Walker
604 255 4812
that in the forthcoming message I
clear up any possible confusion.
Tom Walker
604 255 4812
Christian Gregory wrote,
So what if you don't get existential intimacy or subjective versimiltitude
from a BLS statistic? Do you keep shoving bread into your VCR and complain
when it doesn't come out toasted?
BLS? VCR? FYAH.
Tom Walker
604 255 4812
who doesn't appreciate being told what you think, you sure are
free and easy with the non sequitur reductio ad absurdums, if you'll pardon
my French.
brevity is the soul of wit.
Shit. Shinola. Remember that, Jim, and you'll be alright.
Tom Walker
604 255 4812
amounts to beating your
head
against the wall.
For your arcane hermeneutics...
Tom Walker
604 255 4812
The work ethic and its discontents
by Tom Walker
Anis Shivani extols Charles Bukowski's _Factotum_ as offering the only
answer that makes sense to the sham that is modern work (The Life of a
Bum: Against the Work Ethic, http://www.counterpunch.org/shivani0925.html).
Henri Chinaski, Bukowski's
.
Louis Proyect asked,
Tom, have you ever read what the autonomists have written about the
refusal to work. I've always thought that it is a crock of shit myself.
Tom Walker
604 255 4812
tried that?
Tom Walker
604 255 4812
Michael Perelman wrote,
As usual, Michael H. is correct. I tried to say something similar a
couple days ago when Doug suggested that the left had a tendency to root
out heretics. I cryptically suggested that it was not some political
tendency but rather it reflected powerlessness.
I
Ad for a credit union in an local weekly:
INVEST SMART
***
this whole
global-economy-
COLLAPSING-THING
might take a while
coastcapital
savings
Tom Walker
604 255 4812
million.
Tom Walker
604 255 4812
?
Consciousness is qualitative. Analysis forms an important part of
consciousness, but consciousness cannot be reduced to analysis.
Tom Walker
604 255 4812
a tax loophole for overtime?
http://www.vcn.bc.ca/timework/loop.htm
Tom Walker
604 255 4812
attitude toward their fellow students who were
wasting their time in the humanities department?
By the way, George W. Bush is the first president with an MBA.
Tom Walker
604 255 4812
Jim Devine wrote,
of course, contrary to scientistic/positivistic propaganda, intuition is
part of science. What was Einstein, if not intuitive? (I'm told that his
math wasn't very good.) Scientists use their intuition all the time. But
then the products of intution that can't be validated
Better: do not send attachments to a list. If you receive attachments do not
open them. Only open attachments if you know who they are coming from and
what they are.
Tom Walker
604 255 4812
Why apologize? Isn't self promotion all there is anyway?
Doug Henwood wrote,
Hi gang. Back for a bit before taking a little trip. Sorry that my
return message is a blast of self-promotion, but it won't happen
again, I swear.
of the commissioners, John H. Biggs, had been too
aggressive a reformer.
Tom Walker
604 255 4812
What I want to know is: is there any money in a correct prediction and if
there is, how does one collect if one is dead?
Tom Walker
604 255 4812
VNS Unable to Deliver Exit Polls
ABC, CBS, NBC and Fox News Channel -- anticipating possible problems with
exit polls -- each did last-minute telephone surveys to gauge voter
attitudes. Fox conducted its survey in 10 states on Monday night and Tuesday
and used some of those findings on the air.
marches on.
Tom Walker
604 255 4812
I wrote,
...shit happens, Doug. And time marches on.
Doug Henwood replied,
Oh, of course. Why didn't I think of that?
Presumably because you have other fish to fry and a hard row to hoe.
Tom Walker
604 255 4812
. To the extent that political economy focuses on the latter and
neglects the former, it is an exercise in mystification.
Tom Walker
604 255 4812
the death of Satan was a tragedy for the imagination
-- Wallace Stevens
Satan is NOT dead, 'e's just pinin' for the fjords.
Tom Walker
604 255 4812
of corruption.
The Government Accounting Office has determined that public-private
competition will save taxpayers 30 percent on each contract.
Ha ha ha ha ha ha ha ha ha! And they charged poor Andy Fastow for pilfering
the petty cash box! Ha ha ha ha ha ha ha ha ha!
Tom Walker
604 255 4812
Joanna Bujes wrote:
well, wouldn't you be?
Joanna
At 05:50 PM 11/14/2002 -0800, you wrote:
the death of Satan was a tragedy for the imagination
-- Wallace Stevens
Satan is NOT dead, 'e's just pinin' for the fjords.
Not really. I'm one hour away from 'em by bus,
.
Arthur manages to delude himself into believing that hawking culture as
if it were furniture is somehow more 'respectible' than hawking furniture,
but other than the delusion, the former comes off as a more profound
humiliation than the former.
Tom Walker
604 255 4812
on the parks
board, the school board, and city council.
http://www.cbc.ca/stories/2002/11/17/vcr_elxn021117
Tom Walker
604 255 4812
So what ever happened to the old custom of the king personally leading the
troops into battle?
Tom Walker
ons can be extremely flexible.
"I never had *sex* with that woman."
Tom Walker
http://www.vcn.bc.ca/timework/
hen shrunk a bit today.
Tom Walker
http://www.vcn.bc.ca/timework/
to notice. What's the market up so
far this year? 5%?
Tom Walker
http://www.vcn.bc.ca/timework/
is camoflagued
by ignoring wage disparities between different countries where the
multinationals operate.
--Nathan Newman
Tom Walker
http://www.vcn.bc.ca/timework/
ld
later become synonymous with Civil Rights, Ebenezer Baptist Church in
Atlanta, Georgia, the home church of Dr. King. I am not sure if the walls
are still the same color as they were years ago, but that church had a
notorious reputation for shunning the darker brothers and sisters."
Tom Walker
http://www.vcn.bc.ca/timework/
hat Walker criticizes.
I remember reading somewhere that the average unemployment rate in the US
in the latter half of the 1800s was probably around 20%. Anyone else seen
this figure? Any comparables for England?
Thanks, Ellen Frank
Tom Walker
http://www.vcn.bc.ca/timework/
Henry C.K. Liu wrote,
Tom Walker wrote:
Although the anomaly is much less bizarre if you consider the role the U.S.
dollar as reserve currency has played in permitting an even more anomalous
balance of payments deficit. In its function as "borrower of last resort",
the U.S.
of payments deficit. In its function as "borrower of last resort",
the U.S. can appear as a kind of cornucopia in reverse.
Tom Walker
http://www.vcn.bc.ca/timework/
event
occasion!" (quoted by Keynes on page 364 of the General Theory of Employment)
Tom Walker
http://www.vcn.bc.ca/timework/
the economic principles of the central planning regime?
regards,
Tom Walker
http://www.vcn.bc.ca/timework/covenant.htm
do know that we must do more to reach out to our children and teach
them to express their anger and to resolve their conflicts with words, not
weapons,"
-- Bill Clinton on the carnage at Columbine High
regards,
Tom Walker
http://www.vcn.bc.ca/timework/covenant.htm
Headlines found, in this order, with no deletions:
13:12 BROWN DONATION TO BUY 1,000 GUN LOCKS TO GIVEAWAY TO GUN OWNERS - AP.
13:11 SINGER JAMES BROWN DONATES $4,000 TO HOMETOWN AUGUSTA, GEORGIA-AP.
13:09 SURGERY ON JUNE 7 AT WWW.CELEBRITYDOCTOR.COM.
13:08 [DIS] BANC AMERICA: RUMORS ABOUT
Michael Perelman wrote
I don't think that there are any "petit-bourgeois scribbler/parlor
dilettante(s)" on pne-l . . .
What am I? Chopped liver? The problem with the subscribers on this list is
they don't know a compliment when they see one.
I wrote,
. . .Weiner schnitzel! Hah-ha! Take that, dude!
I meant to say "wiener" schnitzel. I hope my typo didn't offend any weiners.
Max Sawicky wrote,
And the Emmy for most inscrutable e-mail post of
the year goes to . . .
Gore-Tex (gôr'teks , gohr'-) Trademark . . .
Hey, Max, it's still early in the year. If you think that was inscrutable,
wait 'til you see Chapter 13 of Descending Mount Pelerin!
regards,
Tom Walker
or criticism: a Teflon politician.
regards,
Tom Walker
http://www.vcn.bc.ca/timework/worksite.htm
111 - 1035 Pacific Street
Vancouver, B.C.
V6E 4G7
telephone:
(604) 669-3286
email:
[EMAIL PROTECTED]
web:
http://www.vcn.bc.ca/timework/worksite.htm
regards,
Tom Walker
http://www.vcn.bc.ca/timework/worksite.htm
Further to the despicable and revolting travesty of "employment policy
analysis" by T. Boeri, R. Layard and S. Nickell in their Welfare to Work
report to Prime Ministers Blair and D'Alema and the Council of Europe, I
am forwarding three texts. The first is the central argument of the 1901
London
"'To-Day' has become a mere 'symposium', i.e. a review in which everyone
can write for and against socialism. Next No. a critique of 'Capital'! I
was supposed to reply to this anonymous writer, but declined with
thanks."
-- Engels to Kautsky, Sept. 20, 1884.
The critique in question was titled
Michael Perelman wrote,
As I recall this devastating critique of Marx, Wicksteed concentrated on
Marx's lack of the theory of rent. I suspect that he never saw volume 3.
Volume III was published in 1894, Vol. II in 1885. Therefore, Wicksteed
could only have seen Volume I.
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