Re: [PEN-L] A New Economy?

2008-01-28 Thread Simon Ward
Carrol decleared: Total mishmash So I'll shutup.

Re: [PEN-L] A New Economy?

2008-01-28 Thread Jim Devine
Shane Mage wrote: Marx makes it quite clear that the wages of socially necessary but unproductive labor are paid out of [the circulating portion of] constant capital. While to the individual capitalist they appear to be a deduction from surplus value, to the capitalist system as a whole they are

[PEN-L] Leo Panitch: do stimulus packages work?

2008-01-28 Thread Louis Proyect
http://www.zcommunications.org/zvideo/2484

[PEN-L] total mismash

2008-01-28 Thread Michael Perelman
People should be more respectful here. You can disagree, but there is no need to reprimand others for their ideas. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com

Re: [PEN-L] A New Economy?

2008-01-28 Thread Leigh Meyers
On Jan 28, 2008 2:08 AM, Simon Ward [EMAIL PROTECTED] wrote: Carrol decleared: Total mishmash So I'll shutup. Ignore him... He'll go away.

Re: [PEN-L] A New Economy?

2008-01-28 Thread Charles Brown
guards and dealers definitely produce use-values; otherwise no-one would pay them. But, at least in Marxian political economy, they do not produce surplus-value. The guard simply preserves property rights, while the cashier transfers them. The worker who produces surplus-value -- who might be a

Re: [PEN-L] A New Economy?

2008-01-28 Thread Charles Brown
What is the Marxist take on this new economy? Do most of the service sector jobs fall in the category of unproductive labor? After all security guards and cashiers do not create any use value. (Blackjack dealers arguably do create use value though of a dubious kind.) -raghu. ^^^ CB: Most of the

[PEN-L] A New Economy ?

2008-01-28 Thread Charles Brown
By the way, the commodity produced by a teacher is labor power. CB ^^^ No -- only a _commodity_ can have exchange value, and there is a great deal of highly useful labor in any society which does not create any sort of commodity (product or service) and thus produces no exchange value. Teachers

Re: [PEN-L] A New Economy?

2008-01-28 Thread Charles Brown
No -- only a _commodity_ can have exchange value, and there is a great deal of highly useful labor in any society which does not create any sort of commodity (product or service) and thus produces no exchange value. Teachers produce workers but they do not produce a commodity, CB; Actually,

Re: [PEN-L] A New Economy ?

2008-01-28 Thread Paul Phillips
Charles Brown wrote: By the way, the commodity produced by a teacher is labor power. CB Not necessarily. There is a huge adult education industry out there with teachers instructing in everything from foreign languages for tourists to music appreciation to craft welding all designed for the

Re: [PEN-L] A New Economy?

2008-01-28 Thread Simon Ward
I really don't mind the disagreement and I'm not afraid of being wrong, but, as Michael later indicates, I think it's disrespectful for someone to dismiss an idea in two words without pointing out where the error(s) lie(s). I'd rather remain as a lurker rather than engage in such a conversation.

Re: [PEN-L] Cockburn contrarianism

2008-01-28 Thread Brian McKenna
Alex Cockburn is, arguably, the premier radical journalist of our time. Has been for decades. His influence on the left continues to be enormous. Since his salad days scribbling in 1960's Britain to his mature writings in CounterPunch, the daily web newsletter edited with Jeffrey St. Clair, the

[PEN-L] Top Ten Reasons Bush is NOT Responsible for the (a) Recession

2008-01-28 Thread Leigh Meyers
Top Ten Reasons Bush is NOT Responsible for the Recession by neuroscott http://www.bigbrassblog.com/index.php?itemid=1430 10 — Since when has George ever been responsible for anything. -- Barbara Bush 9 — There's still 11 months time for wealthy benefactors to bail out U.S. economy, just like

[PEN-L] Cockburn contrarianism

2008-01-28 Thread Louis Proyect
As many of you are no doubt aware, Alexander Cockburn has cultivated the image of contrarian for many years now. This is the stock-in-trade of both Cockburn and Christopher Hitchens, at least when he was part of the left. To outrage a reader serves the same purpose as a shock jock steaming up

Re: [PEN-L] A New Economy?

2008-01-28 Thread Carrol Cox
Charles Brown wrote: guards and dealers definitely produce use-values; otherwise no-one would pay them. But, at least in Marxian political economy, they do not produce surplus-value. The guard simply preserves property rights, while the cashier transfers them. The worker who produces

Re: [PEN-L] A New Economy?

2008-01-28 Thread Leigh Meyers
From Cooks and Liars, for Simon Ward: Don't feed the Trolls from Crooks and Liars by John Amato With the primaries upon us—there is no shortage of trolls. Atrios: I cannot make anyone stop responding to pointless or nuisance comments. You have to want to restrain yourself, because you

Re: [PEN-L] A New Economy?

2008-01-28 Thread Paul Phillips
raghu wrote: Wow this is a bit overwhelming. Jim, Louis, Thanks for the correction: I should have said surplus-value instead of use-value. re: security guards there is still a difference between a mall security guard who stops shop-lifters and a security guard who keeps trespassers out of a

[PEN-L] two related tales

2008-01-28 Thread raghu
http://latimesblogs.latimes.com/laland/2008/01/a-tipping-point.html ---snip A homeowner who can't sell his house tells the L.A.Times, Foreclose me. ... I'll live in the house for free for 12 months, and I'll save my money and I'll move on. Banks and lenders fear this

Re: [PEN-L] A New Economy?

2008-01-28 Thread David B. Shemano
Paul Philips writes: I think one of the problems that many have with the concept of productive/unproductive labour is that many workers are both at the same time and the productive/unproductive aspects of their labour can not be separated or quantified independently. Take for instance the

Re: [PEN-L] A New Economy?

2008-01-28 Thread Leigh Meyers
On Jan 28, 2008 3:44 PM, David B. Shemano [EMAIL PROTECTED] wrote: Perhaps not relevant, but this reminds me of a law school exam on secured transactions which tests the student's understanding that a truck is inventory in the hands of the dealer, equipment in the hands of a business

[PEN-L] Swans Release, January 28, 2008

2008-01-28 Thread Louis Proyect
https://outlook.cuit.columbia.edu/exchweb/bin/redir.asp?URL=http://www.swans.comhttp://www.swans.com January 28, 2008 In this issue: Note from the Editors: The world economy, suffering the ripple effects of the sinking dollar, the subprime lending scandal, and other financial shenanigans, is

[PEN-L] Thoughts on Credit in the United States Economy

2008-01-28 Thread Michael Perelman
I'm far from an expert on credit, so I'm posting this, hoping that some of you may contribute to my education. My understanding is that most families avoided borrowing for consumer goods, except for pianos and encyclopedias, which were considered moral consumption. Then in the 1920s, the

[PEN-L] Daniel Davies on International Debt

2008-01-28 Thread Michael Perelman
Shane Taylor posted an alert on LBO about Daniel's latest. It is, as usual, a dandy one. Of Development and Debt by Daniel Davies http://crookedtimber.org/2008/01/25/of-development-and-debt/ -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321