Re: [PEN-L] Jesus and the housing bubble

On 07/05/2005 11:00 PM, Michael Perelman wrote: you mean For to everyone who has will more be given, and he will have abundance but from him who has not even what he has will be taken away (Matthew 25:29). what robert merton called the matthew effect...

[PEN-L] Perfect storm?

NY Times, May 8, 2005 The Perfect Storm That Could Drown the Economy By DANIEL GROSS WE seem to be living in apocalyptic times. On NBC's Revelations, Bill Pullman and Natascha McElhone seek signs of the End of Days. In the Senate, gray-haired eminences speak of the nuclear option. The doomsday

Re: [PEN-L] Jesus and the housing bubble

Yes, that is where I first heard it. His son, of course, tried to help enfoce it as on of the principals of Long Term Credit Management. On Sun, May 08, 2005 at 09:47:41AM -0400, ravi wrote: On 07/05/2005 11:00 PM, Michael Perelman wrote: you mean For to everyone who has will more be

Re: [PEN-L] Jesus and the housing bubble

Benoit Mandelbrot would suggest that the Matthew Effect (in its guise of undervalued securities getting more and more undervalued) was what did for Merton fils in the end. dd -Original Message- From: PEN-L list [mailto:[EMAIL PROTECTED] Behalf Of Michael Perelman Sent: 08 May 2005 16:44

Re: [PEN-L] Jesus and the housing bubble

On 08/05/2005 11:43 AM, Michael Perelman wrote: Yes, that is where I first heard it. His son, of course, tried to help enfoce it as on of the principals of Long Term Credit Management. to give credit where due: now that i think about it, i probably came across it first in your book (steal

[PEN-L] Schiavo and Donald Herbet as it implies for social structure

Greetings Economists, I'd like to take a moment to contrast Schiavo with a more recent minor headline in the NY Times to gain a better perspective on the issues Schiavo really raises for a global unified society. See this article in the NY Times here:

[PEN-L] Old Lefty interviewed

PEN-L: I interview a member of the Old Left on page 60 in the May Political Affairs Magazine http://www.politicalaffairs.net/article/articleview/994/1/90/. Seth Sandronsky

[PEN-L] Productivity question

When anyone have any rough ideas or evidence that can help to apportion productivity growth to intensification of work, longer hours, shutting down of less productive plants, and improved technology? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel.

[PEN-L] Kung Fu Hustle

Kung Fu Hustle: http://montages.blogspot.com/2005/05/kung-fu-hustle.html -- Yoshie * Critical Montages: http://montages.blogspot.com/ * Monthly Review: http://monthlyreview.org/ * Greens for Nader: http://greensfornader.net/ * Bring Them Home Now! http://www.bringthemhomenow.org/ * Calendars of

[PEN-L] Swans Release: May 9, 2005

http://www.swans.com/ May 9, 2005 - In this issue: Note from the Editor: In contrast to the recurring auto-flagellation in the main media (mainly caused by the loss of readers and audience -- read $$) and the irrepressible but undeniable and expected co- optation of the blogosphere by commercial

Re: [PEN-L] Productivity question

I would guess that it's impossible to do so. Neoclassicals do this kind of analysis either by doing statistical regression or growth accounting. The latter is bogus, while the former is very weak. and how does one measure the intensification of work? Michael Perelman wrote: When anyone have

Re: [PEN-L] April 28, 2005 Pursuer of Mexican Leader's Opponent Quits Under Fire

Hi Fred, Fred Moseley wrote: Hi Alejandro, thanks for sending this latest news. This looks like a major victory for the left and the Mexican people. Is it really as good as it looks? No I am afraid not. It is a victory of course: Most of 1 million Mexicans demonstrated against the intended coup

Re: [PEN-L] Productivity question

Speedups are important, but I agree that the effect would be different to measure. Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901 -Original Message- From: PEN-L list [mailto:[EMAIL PROTECTED] On

[PEN-L] An injury to one is an injury to all

David Graeber, an anarchist and anthropologist at Yale, has just been fired for political reasons. Although I have quarreled with David in the past, I plan to sign the petition supporting his rights and urge others to do so as well.. http://www.petitiononline.com/dgraeber/

Re: [PEN-L] An injury to one is an injury to all

What happened? On Sun, May 08, 2005 at 10:26:01PM -0400, Louis Proyect wrote: David Graeber, an anarchist and anthropologist at Yale, has just been fired for political reasons. Although I have quarreled with David in the past, I plan to sign the petition supporting his rights and urge others

Re: [PEN-L] An injury to one is an injury to all

What happened? On Sun, May 08, 2005 at 10:26:01PM -0400, Louis Proyect wrote: David Graeber, an anarchist and anthropologist at Yale, has just been fired for political reasons. Although I have quarreled with David in the past, I plan to sign the petition supporting his rights and urge others to

Re: [PEN-L] Productivity question

Maybe accident rates would be a measure of speedup; I seem to remember studies which included these but don't recall if they were being used to measure speed-up./m At 22:21 08/05/2005, you wrote: Speedups are important, but I agree that the effect would be different to measure. Michael Perelman

Re: [PEN-L] Productivity question

I agree with Jim. Impossible. I also think there's another dimension to this impossibility. Productivity has become increasingly a metaphor as work has increasingly less to do with a measurable or even conceivable output. Income doesn't measure output, it is a surrogate for it. What would