arthur
From: [email protected]
[mailto:[email protected]] On Behalf Of Ray Harrell
Sent: Tuesday, January 01, 2013 9:33 PM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
My father had a Doctor's degree in psychometrics
and my mother was an accountant who taught in
the local high school. When they both retired,
they had to beat the market vultures off with a
stick. Even with the stick they were stuck it
by their religion with Jimmy Baker, the preacher
felon, and Heritage Village as well as the
deluge of "free" junk to try to trick them into
"investing" their retirement. My mother was
smart but when she was infirm, with us on the
East coast, she was vulnerable until we
realized. "Entrepreneurs" vultures feeding on
the defenseless and the elderly. Theft is theft and a con is a con.
REH
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Tuesday, January 01, 2013 3:18 PM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
Not to be too Clintonesque but it depends on what you mean by steal.
arthur
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of Ray Harrell
Sent: Tuesday, January 01, 2013 2:51 PM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
How is that different from a man who uses his
gifts and expertise to steal from the poor through market cycles?
REH
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Tuesday, January 01, 2013 1:16 PM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
No I mean like having power in one area and
exploiting it in another. E.g. the policeman
who takes an apple from the corner grocer or the
president who exploits an intern or the senator who accepts gifts etc.
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of Ray Harrell
Sent: Tuesday, January 01, 2013 1:05 AM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
You mean like virtue = wealth production or
You can't be a good businessman and pay taxes or
You owe your loyalty to your shareholders not to
the poor of America or..........
REH
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Monday, December 31, 2012 1:25 PM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
Of course we all have biases. But those who
trumpet the truth while pretending that they are
not biased are those that I avoid.
arthur
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of michael gurstein
Sent: Monday, December 31, 2012 10:47 AM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
So who isn't "biased"
M
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Monday, December 31, 2012 6:39 AM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'; 'Keith Hudson'
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
I used to read Buckley for the same reason. A
very interesting conservative thinker.
Krugmans biases sometimes get in the way, as
did Buckleys. Both interesting. Both biased.
arthur
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of Ed Weick
Sent: Monday, December 31, 2012 6:53 AM
To: RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION; Keith Hudson
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
Not sure of why people on this list are going
after Krugman. Personally, I think he writes a
very good, very readable column on a diverse
range of topics. In today's column, he deals
with a very relevant topic, the hidden influence
of big money on politics, a very important but
largely ignored topic. OK, so he got the Nobel
prize because he pointed something in an
academic field that Henry Ford already knew as a
practical person and the Japanese already knew
as well. However, what he said wasn't
recognized in the field of economics until he
said it. I did my undergrad work back in the
1950s, and the Ricardian idea of comparative and
absolute advantage is what we had to learn and
how we had to view the economic world. I did a
graduate degree in the late 1960s and things
were still very much the same. What Krugman did
to get his Nobel was open economics up and make
us see that while Ricardian theory may still
apply to growing grapes and oranges, it may only
very partially apply to the modern industrial
and increasingly cybernetic economy, if it
applies there at all. I for one will continue
to read Krugman's columns not because he is an
economist but because I find him an interesting liberal thinker.
Ed
----- Original Message -----
From: <mailto:[email protected]>Keith Hudson
To:
<mailto:[email protected]>RE-DESIGNING
WORK, INCOME DISTRIBUTION, EDUCATION ; <mailto:[email protected]>Ed Weick
Sent: Monday, December 31, 2012 3:38 AM
Subject: Re: [Futurework] Nobel Prize -- was Re:
[Ottawadissenters] Hey, you gotta watch dem machines...
At 16:26 30/12/2012, you wrote:
(EW) Not sure of where all of this is
going. Prior to Krugman, the theory of
international trade was based on the Ricardian
notion of comparative advantage. Countries
would produce those products in which in which
they had an advantage, given their resources,
and then trade with each other. From what
little I know, Krugman brought in the idea that,
given a certain level of technological
development, resource advantage didn't really matter very much.
(KH) But that idea didn't need Krugman! Or
anyone else for that matter. The Japanese had
been importing resources ('cos they had none of
their own) for decades before Krugman was even
born. I believe those who say that Krugman got a
Nobel for the same reason as Paul Samuelson (who
only copied Marshall's ideas of Sale and Demand
curves) -- that he was an economist very much in the public's eye.
(EW) Any advanced country could, and would,
produce cars and, given consumer willingness to
buy, these cars would be shipped to markets all
over the world. As others have pointed out,
economies of scale were very important in
this. The more cars that could be produced, the
lower the unit costs; the more cars that could
be shipped, the lower the costs of shipment.
(KH) And Henry Ford had known that decades before Krugman was born!
----------
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