Hi All, The argument that the relation of Greece, Spain, and Italy, and to some extent France, to Germany and Holland within the EU is analogous to that of the southern-agrarian states to the northern-industrial states in the US since the revolutionary war is one that I remember first seeing by Paul Krugman long ago, I think in the book of lectures "Geography and Trade".
http://www.amazon.com/Geography-Trade-Gaston-Eyskens-Lectures/dp/0262610868/ref=la_B000APS32M_1_33?s=books&ie=UTF8&qid=1436270724&sr=1-33&refinements=p_82%3AB000APS32M The initial form of the argument, if I remember correctly, had more to do with development economics, production of real goods, and market power and ability to dictate the terms of trade. Krugman argued that if the US South had not been at a disadvantage to the US North, they would have instead been at a disadvantage to England (had the secession succeeded), and no better off or really even much different than they wound up after the secession failed. There are still brief snippets of this view that come up in Krugman's NYT column, but the modern versions that I hear from him have much more to do with the specifics of monetary mechanisms such as deliberate currency devaluation to keep balances of payments within manageable levels. I would not be able to say that Krugman's position on this today is the same as it was coming into the 1990s. Nor do I have enough of a sense of macroeconomics to have an opinion of my own whether he is right. But a more systematic layout of the argument than brief columns and emails is something I have found helpful. This was the book that first got me reading Krugman, when a physics-professor friend recommended it to me as one of the few economics sources for the layman that he thought he could understand. Eric On Jul 6, 2015, at 8:43 PM, Gary Schiltz wrote: > The term “states' rights” refers to the fervent belief, especially among > conservatives in the USA, that US states are granted by the US Constitution a > large amount of autonomy from the US federal government. A corrolary to this > is that the US federal government should have very limited powers, and that > the majority of power is vested in the individual states. This type of > conservatism has a large hold over the American South, thus my earlier > tongue-in-cheek message about Mississippi and Alabama printing their own > money with confederate flags on them. I have assumed that whoever started > this thread was drawing a parallel between the (states as part of the USA) > and (Greece as part of the European Union). Greece has basically told the EU > to go screw itself, as it can’t make its loan repayments on time. > > Come on Nick, I know this stuff and I live in a South American country. Y’all > need to get out more, maybe go to a square dance or do a little cow tipping. > JUST KIDDING > > On Mon, Jul 6, 2015 at 9:06 PM, Nick Thompson <[email protected]> > wrote: > To be absolutely honest, I don’t know what The EU now faces "state's rights". > Means. Can somebody explain? > > > > N > > > > Nicholas S. Thompson > > Emeritus Professor of Psychology and Biology > > Clark University > > http://home.earthlink.net/~nickthompson/naturaldesigns/ > > > > From: Friam [mailto:[email protected]] On Behalf Of Alfredo Covaleda > Vélez > Sent: Monday, July 06, 2015 1:04 PM > To: The Friday Morning Applied Complexity Coffee Group > Subject: Re: [FRIAM] Greek Crisis & Philosophy > > > > > > > > 2015-07-06 11:46 GMT-05:00 Owen Densmore <[email protected]>: > > I love the No vote. The EU now faces "state's rights". > > > > > > Where I have seen this before? > > > > Just fill the blank: The __________ now faces "state's rights". > > > > > > > > > > -- Owen > > > > On Sun, Jul 5, 2015 at 7:23 PM, Marcus Daniels <[email protected]> wrote: > > When it comes to U.S. revenue vs. spending, perhaps some states in the red > (as opposed to red states!) should worry about getting cut off by Washington? > Now, New Mexico has a certain amount of visibility to Washington, but what > about Mississippi, Alabama and Kentucky? One might imagine North Dakota > could turn it around with fracking tax revenue. One can imagine that > Greeks probably don’t like being treated like Kentucky. I’m sure Kentucky > is nice, and they wouldn’t like to switch to their own currency. Or maybe > they would! > > > > https://en.wikipedia.org/wiki/Federal_taxation_and_spending_by_state > > > > From: Friam [mailto:[email protected]] On Behalf Of Robert J. > Cordingley > Sent: Sunday, July 05, 2015 5:06 PM > To: The Friday Morning Applied Complexity Coffee Group > Subject: [FRIAM] Greek Crisis & Philosophy > > > > As part of my continuing search for understanding how the world works and the > role of philosophy... > > 1st question: It's been pointed out in a recent Washington Post article that > the fundamental problem in the current Greek crisis was epitomized in Monty > Python's the Philosopher's Football Match (Wikipedia / Youtube) between > Greece and Germany. Is it true? > > 2nd question, why does it seem that such a sketch works in the UK but never > in the US? > > Robert C > > -- > Cirrillian Web Development > Santa Fe, NM > http://cirrillian.com > 281-989-6272 (cell) > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com > > > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com > > > > > > > -- > > Agrónomo, IT, Candidato a MSc en Desarrollo Sostenible y Medio Ambiente > +57 3154531383 > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
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