Chris wrote: > Whatever the measures, which can proliferate, > and interact in complex ways, > they are related to labor and the productivity of labor. > In the world.
That relation is highly mediated, but you're right it's good to see through the mediations. I described in a recent post an exercise I used to conduct with my international finance students at Ramapo on the first day of class. That first day was my only chance to help the students see that producing wealth "the hard way" underlay the financial superstructure. After that, we'd go into arbitrage-derived parity conditions, forex derivatives, exposure, etc. So, without this discussion, the students would just take the trees for the forest. I just posted an edited version of this story on my blog: http://juliohuato.wordpress.com/2008/10/04/on-life-and-financial-markets/ _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
