[PEN-L] Time as a stabilization policy tool

2008-01-26 Thread Charles Brown
David B. Shemano wrote: ... Play along. I find it ironic somebody just posted another article about the stupidity of the Laffer Curve (lower rates, more revenues), while the topic under discussion seems to be a Laffer Curve analog: less hours, more productivity. If you find my post

[PEN-L] Time as a stabilization policy tool

2008-01-26 Thread Charles Brown
From: Michael Perelman [EMAIL PROTECTED] Kenneth C. Griffin, who received more than $1 billion last year as chairman of a hedge fund, the Citadel Investment Group, declared: The money is a byproduct of a passionate endeavor. Mr. Griffin, 38, argued that those who focus on the money -- and there

Re: [PEN-L] Time as a stabilization policy tool

2008-01-23 Thread David B. Shemano
Eugene Coyle writes: David, The problem is that those decisions cannot be made at an individual level in the US economy. One reason is that the employer decides for most what the working hours will be. A more powerful one is that we cannot make individual

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread raghu
On Jan 21, 2008 9:31 PM, Sandwichman [EMAIL PROTECTED] wrote: As Mark Twain DIDN'T say (but it is nevertheless widely attributed to him), 't ain't what people don't know that hurts 'em; it's what they think they know that just ain't so. What I am constantly trying to call attention to is not

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Leigh Meyers
On Jan 22, 2008 9:44 AM, raghu [EMAIL PROTECTED] wrote: The idea that robots will someday replace human labor is silly: who is going to service the bloody robots? It is not even true in general that robots replace unpleasant, difficult work with pleasant, easy work. Can anyone point to any

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread David B. Shemano
Sandwichman writes: As for Shemano: David, there are moments at work when there is nowhere else I would rather be, moments when I can share joyous laughter with an almost complete stranger. Those moments happen more frequently when I have enough time outside of work to accomplish the

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Sandwichman
There are three strands of argument against shorter working time in mainstream teaching. None of them is viable by itself. And their core assumptions are inconsistent with each other. But the threesome are routinely deployed tactically as if they were compatible. The first, perhaps best argument

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread raghu
On Jan 22, 2008 10:01 AM, Leigh Meyers [EMAIL PROTECTED] wrote: On Jan 22, 2008 9:44 AM, raghu [EMAIL PROTECTED] wrote: The idea that robots will someday replace human labor is silly: who is going to service the bloody robots? It is not even true in general that robots replace unpleasant,

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Eugene Coyle
David, The problem is that those decisions cannot be made at an individual level in the US economy. One reason is that the employer decides for most what the working hours will be. A more powerful one is that we cannot make individual consumption decisions, thus are forced

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Jim Devine
moi: Lowering hours by having the Korean workforce organize a large number of strikes is not the same as government policy doing it. The Korean working class had to fight hard to win such victories. They were not handed down by the government because the latter was nice, but because the

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread g.a.s.
The future 's t'here: http://www.follow-me-now.de/assets/images/Moderne_Zeiten-Am_Fliessband.jpg http://tinyurl.com/33gtn9 http://tinyurl.com/382bz9 and and and and and and and and and and and . raghu [EMAIL PROTECTED] wrote: Oh no doubt. The modern semiconductor and

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Sandwichman
David, You raise what to me is THE key question, namely how much is enough? It's the Goldilocks question -- not too hot and not too cold but just right. Theory can't answer that question because it depends on technology and it depends on subjective judgement. Both of those elements change over

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Sandwichman
Gosh, Jim, for someone who has so little faith in the ability of programs to motivate the masses, you sure want a lot of minute concrete detail (from your interlocuters) about the hypothetical programs you have no faith in!! My suggestion is that many of your question may be excellent ones to both

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Jim Devine
me: I study policy proposals as a way of understanding (1) what currently-influential politicians are advocating and (2) what options are open to the capitalist class. Tom Walker, a.k.a. Sandwichman writes That is funny. My research on the question of shorter working time arose initially

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Jim Devine
Sandwichman wrote: There are three strands of argument against shorter working time in mainstream teaching. None of them is viable by itself. And their core assumptions are inconsistent with each other. But the threesome are routinely deployed tactically as if they were compatible. The

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Sandwichman
On 1/22/08, Jim Devine [EMAIL PROTECTED] wrote: The fact that this request came from above should tell you either that (1) the New Democratic Party (in its more social democratic incarnation, with a more organic connection to the labor movement) was having an effect or (2) maybe this reform

Re: [PEN-L] Time as a stabilization policy tool

2008-01-22 Thread Sandwichman
On 1/22/08, Jim Devine [EMAIL PROTECTED] wrote: Alas, actual businesspeople -- especially ones with small businesses -- actually think in short-term terms and from the point of view of their own firms and act on both the political and economic levels based on this thinking. (It's not an

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Jim Devine
me: Sure, I'm in favor of fewer hours per week, but I don't think slogans or programs organize people well. (Some of my old friends were Trotskyists who believed that a well-crafted slogan or a new (improved!) version of the transitional program could spark a prairie fire -- though I

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread David B. Shemano
Jim Devine writes: hey, let's reduce the mandatory time to 6 hours per day (4 days a week, with mandatory 4 weeks of paid vacation)! there, I've said it. Why aren't all the people in the media and the business world listening, and then obeying me? perhaps it's because it goes against their

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Jim Devine
me: hey, let's reduce the mandatory time to 6 hours per day (4 days a week, with mandatory 4 weeks of paid vacation)! David B. Shemano wrote: Why so reactionary? I raise you to 3 hours per day, 2 days a week, and 8 weeks of vacation. Wait, why am I so reactionary? I raise me to no work,

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread David B. Shemano
Jim Devine writes: Why so reactionary? I raise you to 3 hours per day, 2 days a week, and 8 weeks of vacation. Wait, why am I so reactionary? I raise me to no work, period, plus 52 weeks paid vacation. Let the robots do all the work. There's an example of the small-business

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Jim Devine
David B. Shemano wrote: ... Play along. I find it ironic somebody just posted another article about the stupidity of the Laffer Curve (lower rates, more revenues), while the topic under discussion seems to be a Laffer Curve analog: less hours, more productivity. If you find my post

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread raghu
On Jan 21, 2008 11:57 AM, David B. Shemano [EMAIL PROTECTED] wrote: Why so reactionary? I raise you to 3 hours per day, 2 days a week, and 8 weeks of vacation. Wait, why am I so reactionary? I raise me to no work, period, plus 52 weeks paid vacation. Let the robots do all the work. Oh

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Michael Perelman
David's comment about supply side economics made me rummage through my notes. Here is John Edwards' employer on taxes. The last line, as they say, is priceless. Griffin is an exception, since he is not interested in money, but in creating wealth for the community and the sheer joy of working.

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Eugene Coyle
These posts by Shemano and Devine seem even more ignoraznt and superficial than many of my own. 1. Devine calls cutting hours utopian which I read as a synonym for unattainable. Yet hours have repeatedly been cut in the USA, from 60 or more to fifty, to forty. From the six day week to

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Jim Devine
Eugene Coyle wrote: 1. Devine [i.e., yours truly] calls cutting hours utopian which I read as a synonym for unattainable. NO! I'm sorry if my prose isn't crystal-clear, but I said that the democratic determination of how many hours of work people do every year (or month or week) was utopian.

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Eugene Coyle
Jim, Just addressing your remark re Korea, it doesn't look as if you are current with practice there. On Jan 21, 2008, at 5:17 PM, Jim Devine wrote: Lowering hours by having the Korean workforce organize a large number of strikes is not the same as government policy doing it. The

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Sandwichman
On 1/21/08, Jim Devine [EMAIL PROTECTED] wrote: I study policy proposals as a way of understanding (1) what currently-influential politicians are advocating and (2) what options are open to the capitalist class. That is funny. My research on the question of shorter working time arose initially

Re: [PEN-L] Time as a stabilization policy tool

2008-01-21 Thread Sandwichman
As I write this, the Nikkei index is down 4.4 percent after dropping 3.9 percent Monday. The Hang Seng index is down a total of 10.7 percent for the two days. Dow Jones futures are down 436 points or 3.6 percent, the SP 500 futures are down 4.3 percent. It seems, pardon the expression, somewhat

Re: [PEN-L] Time as a stabilization policy tool

2008-01-20 Thread Laurent GUERBY
On Sat, 2008-01-19 at 22:25 -0800, Sandwichman wrote: Where, for example, do you get the notion that shorter working time goes against the profit motives of people in the media and the business world? Show me the empirical beef. There is none. There's nothing about reducing the hours of work

Re: [PEN-L] Time as a stabilization policy tool

2008-01-20 Thread g.a.s.
http://tinyurl.com/28kbcu Carrol Cox [EMAIL PROTECTED] wrote: == It was Mao who wrote an essay, A little spark can start a prairie fire. And it was from studying the Chinese Revolution that I caught on - Looking for last minute shopping deals? Find them fast

Re: [PEN-L] Time as a stabilization policy tool

2008-01-20 Thread Sandwichman
Thanks, Gene. Another book by a Cambridge-educated Italian I found very worthwhile reading both for its historical perspective and it theoretical contribution is Ugo Pagano's Work and Welfare in Economic Theory. On 1/19/08, Eugene Coyle [EMAIL PROTECTED] wrote: Tom, Some months ago you

[PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Sandwichman
What do Keynes, Luigi Pasinetti, John R. Commons, Sydney Chapman and Samuel Gompers have in common with Karl Marx (and, incidentally, Charles Wentworth Dilke)? They all presented rationales for the use of work time reduction as a vital economic policy tool. Their arguments are virtually forgotten

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Jim Devine
hey, let's reduce the mandatory time to 6 hours per day (4 days a week, with mandatory 4 weeks of paid vacation)! there, I've said it. Why aren't all the people in the media and the business world listening, and then obeying me? perhaps it's because it goes against their profit motives? Even if I

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread g.a.s.
The beauty(beast) of work_ing_ing_ing_ _ _ : http://tinyurl.com/34575r Jim Devine [EMAIL PROTECTED] wrote: hey, let's reduce the mandatory time to 6 hours per day (4 days a week, with mandatory 4 weeks of paid vacation)! there, I've said it. Why aren't all the people in the media and the

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Sandwichman
it's only when... Well, you know Jim, a well-articulated strategy could be a useful tool for focusing the energies of a labor movement so that it may become well organized. The ten-hour movement in England in the early 19th century and the campaign for the eight-hour day in the late 19th and

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Eugene Coyle
Tom, Some months ago you mentioned Luigi Pasinetti's book STRUCTURAL CHANGE AND ECONOMIC GROWTH. I thank you for that. I've been studying the book ever since. The introduction (Chapter 1) is the best work I've ever read on the history of economic thought. And Pasinetti does it in a few

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Jim Devine
Sandwichman wrote: Well, you know Jim, a well-articulated strategy could be a useful tool for focusing the energies of a labor movement so that it may become well organized. The ten-hour movement in England in the early 19th century and the campaign for the eight-hour day in the late 19th and

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Carrol Cox
Jim Devine wrote: Sure, I'm in favor of fewer hours per week, but I don't think slogans or programs organize people well. (Some of my old friends were Trotskyists who believed that a well-crafted slogan or a new (improved!) version of the transitional program could spark a prairie fire --

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Sandwichman
By the construction of your sentence, you imply that I am offering slogans. Nothing of the sort. I offer an analysis in which I point to major contributions to that analysis, including Pasinetti as mentioned above by Gene Coyle. Now if you refuse to engage that analysis because you judge