With some deft repartee, the film was criticized on this list for
the alternative it offers. Something having to do with Hawaiian shirts. The
film actually critiques the now mainstream solutions of more or less
Keynesian vintage, the reregulation nostrums now also fast becoming
mainstream, etc. It makes the following simple two points: (1) that these
mainstream solutions (like those of their predecessors in the New Deal) all
leave in tact corporate structures with their decision-making boards of
directors responsible to the tiny numbers of major shareholders, and (2)
that such boards have the incentives to evade, weaken, or undo those
solutions when and where they constrain profits and also the resources
(corporate profits) to realize those incentives. Perhaps, the film aims to
suggest, the failure to control let alone prevent capitalism's instability
as expressed in crises large and small (and the immense social costs
thereof) has something to do with exempting that structure of enterprise
from question, let alone radical transformation. The film offers a brief
sketch of an alternative structure of enterprise and reasons why it would
not have made key decisions leading to this latest capitalist crash.
Granted, there is not much about Hawaiian
Shirts, but then again, the film has something to say.

Rick Wolff


-----Original Message-----
From: [email protected]
[mailto:[email protected]] On Behalf Of
[email protected]
Sent: Tuesday, March 24, 2009 3:00 PM
To: [email protected]
Subject: pen-l Digest, Vol 397, Issue 1

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When replying, please edit your Subject line so it is more specific
than "Re: Contents of pen-l digest..."


Today's Topics:

   1. Re: new bail-out proposal (raghu)
   2. Re: News Alert: Dow Leaps 497 Points on Enthusiasm Over
      Treasury Plan (Jim Devine)
   3. W. Europe = Hell (Jim Devine)
   4. flex-time kaput? (Jim Devine)
   5. Law and Order:  AEA (Max B. Sawicky)
   6. Re: Law and Order:  AEA (michael perelman)
   7. Re: Law and Order:  AEA (michael perelman)
   8. Re: Law and Order: AEA (Bill Lear)
   9. Help Baby Seals Who Are Killed in Canada (ravi)
  10. Re: Law and Order:  AEA (Robert Scott Gassler)
  11. Re: Help Baby Seals Who Are Killed in Canada (Jim Devine)
  12. Re: Law and Order: AEA (Jim Devine)
  13. Re: Help Baby Seals Who Are Killed in Canada (ravi)
  14. neoclassical theory of work [was Law and Order: AEA (Jim Devine)
  15. Re: Help Baby Seals Who Are Killed in Canada (Jim Devine)
  16. RE: Law and Order: AEA (Max B. Sawicky)
  17. bancor? (Jim Devine)
  18. Re: Help Baby Seals Who Are Killed in Canada (ravi)
  19. Re: Law and Order: AEA (michael perelman)
  20. Re: Law and Order: AEA (Jim Devine)
  21. Re: computer question regarding proxy servers (ravi)
  22. Re: Help Baby Seals Who Are Killed in Canada (Jim Devine)
  23. Re: Help Baby Seals Who Are Killed in Canada (ravi)
  24. Re: Help Baby Seals Who Are Killed in Canada (Bill Burgess)


----------------------------------------------------------------------

Message: 1
Date: Mon, 23 Mar 2009 13:49:23 -0700
From: raghu <[email protected]>
Subject: Re: [Pen-l] new bail-out proposal
To: Progressive Economics <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=windows-1252

On Sat, Mar 21, 2009 at 8:26 AM, michael perelman
<[email protected]> wrote:
>
> Also, it allows Obama to avoid being labeled as a socialist.  Other than
> that, it sounds stupid.



I disagree. On its own terms, the plan makes a lot of sense. We should
soon find out if the banks have a mere liquidity crisis (which this
plan should resolve) or a deeper insolvency crisis which should lead
to nationalization.

Treasury has clearly learned from the failure of Paulson's TARP:
http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db20090322_44722
2.htm

"This approach is superior to the alternatives of either hoping for
banks to gradually work these assets off their books or of the
government purchasing the assets directly," Treasury said in a
briefing paper. "Simply hoping for banks to work legacy assets off
over time risks prolonging a financial crisis, as in the case of the
Japanese experience. But if the government acts alone in directly
purchasing legacy assets, taxpayers will take on all the risk of such
purchasesalong with the additional risk that taxpayers will overpay
if government employees are setting the price for those assets."



-raghu.

--
Plankton lobbyist: "NUKE THE WHALES!"


------------------------------

Message: 2
Date: Mon, 23 Mar 2009 14:21:52 -0700
From: Jim Devine <[email protected]>
Subject: [Pen-l] Re: News Alert: Dow Leaps 497 Points on Enthusiasm
        Over    Treasury Plan
To: Pen-l <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

If the Obama people were smart, they would ignore this surge rather
than seeing it as a needed endorsement for the Geithner plan. The
stock market people need someone (Obama, Geithner) to act like the
adult in the room, making the financiers take their medicine (going
against their short-term interest).

The Geithner plan does not involve acting like an adult. Instead, it's
just another version of the "give the finance guys what they want"
approach (deregulation, Paulson's various plans). As spoiled brats,
the stock market people are cheering the fact that they're going to be
spoiled some more. Of course, the mainstream media will see this stock
surge as wonderful, as a good sign of recovery, etc.

This plan is a new version of "regulatory forbearance" (not enforcing
regulations so that zombie financiers an continue to shamble onward)
that will raise the cost of the bail-out to taxpayers and likely the
rest of the world.

> Breaking News Alert
> The New York Times
> Monday, March 23, 2009 -- 4:05 PM ET
> -----
>
> Dow Leaps 497 Points on Enthusiasm Over Treasury Plan
>
> Wall Street reignited a two-week rally on Monday, fueled by
> the government's plan to help banks remove bad assets from
> their books. The government's program would tap money from
> the government's $700 billion financial rescue fund and also
> involve help from the Federal Reserve, the Federal Deposit
> Insurance Corporation and the participation of private
> investors. The Dow Jones industrial average closed up nearly
> 500 points, or 6.8 percent, and the broader Standard & Poor's
> 500-stock index rose more than 7 percent. The Nasdaq rose
> more than 98 points or 6.7 percent.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 3
Date: Mon, 23 Mar 2009 14:59:50 -0700
From: Jim Devine <[email protected]>
Subject: [Pen-l] W. Europe = Hell
To: Pen-l <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

from the Washington POST, known for its objective (cough cough) approach:

Thank God America Isn't Like Europe -- Yet
        
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discussions. You are fully responsible for the content that you post.
Who's Blogging
; Links to this article
By Charles Murray
Sunday, March 22, 2009; Page B02

Do we want the United States to be like Europe?

The European model has worked in many ways. I am delighted whenever I
get a chance to go to Stockholm or Amsterdam, not to mention Rome or
Paris. There's a lot to like -- a lot to love -- about day-to-day life
in Europe. But I argue that the answer to this question is "no." Not
for economic reasons. I want to focus on another problem with the
European model: namely, that it drains too much of the life from life.

The stuff of life -- the elemental events surrounding birth, death,
raising children, fulfilling one's personal potential, dealing with
adversity, intimate relationships -- occurs within just four
institutions: family, community, vocation and faith. Seen in this
light, the goal of social policy is to ensure that those institutions
are robust and vital. The European model doesn't do that. It enfeebles
every single one of them.

Drive through rural Sweden, as I did a few years ago. In every town
was a beautiful Lutheran church, freshly painted, on meticulously
tended grounds, all subsidized by the Swedish government. And the
churches are empty. Including on Sundays. The nations of Scandinavia
and Western Europe pride themselves on their "child-friendly"
policies, providing generous child allowances, free day-care centers
and long maternity leaves. Those same countries have fertility rates
far below replacement and plunging marriage rates. They are countries
where jobs are most carefully protected by government regulation and
mandated benefits are most lavish. And with only a few exceptions,
they are countries where work is most often seen as a necessary evil,
and where the proportions of people who say they love their jobs are
the lowest.

Call it the Europe Syndrome. Last April I had occasion to speak in
Zurich, where I made some of these same points. Afterward, a few of
the 20-something members of the audience came up and said plainly that
the phrase "a life well-lived" did not have meaning for them. They
were having a great time with their current sex partner and new BMW
and the vacation home in Majorca, and they saw no voids in their lives
that needed filling.

more dreck at
http://www.washingtonpost.com/wp-dyn/content/article/2009/03/20/AR2009032001
779.html
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 4
Date: Mon, 23 Mar 2009 15:17:56 -0700
From: Jim Devine <[email protected]>
Subject: [Pen-l] flex-time kaput?
To: Pen-l <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

from SLATE:
>The [Washington POST] fronts a look at how "flex time," which seemed to be
all the rage just a little while ago, is slowly disappearing. When the
economy was good, employees were eager to snap up options to telecommute or
work different hours to balance their work and family obligations. The
anecdotal piece says workers are now giving up these types of perks out of
fear that they could give employers a good excuse to lay them off, and many
are scared to even bring up the topic during such hard economic times. One
expert says there's a "silent fright" among workers that is reminiscent of
how women used to feel like they had to hide their family from employers.
"That's what it feels like we're returning to. Work as many hours as you
possibly can. Make yourself indispensable. Don't ever complain. Don't ever
ask for anything," she said.<

-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 5
Date: Tue, 24 Mar 2009 09:26:30 -0400
From: "Max B. Sawicky" <[email protected]>
Subject: [Pen-l] Law and Order:  AEA
To: "'Progressive Economics'" <[email protected]>
Message-ID: <000001c9ac84$24bbae70$6e330b...@net>
Content-Type: text/plain; charset=us-ascii

http://freakonomics.blogs.nytimes.com/2009/03/23/not-as-authentic-as-i
t-seems/#more-4445


Schleifer, Weitzman, Rafael Robb . . .





------------------------------

Message: 6
Date: Tue, 24 Mar 2009 07:09:32 -0700
From: michael perelman <[email protected]>
Subject: Re: [Pen-l] Law and Order:  AEA
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=us-ascii; format=flowed

More Stephen Cheung, from my Manufacturing Discontent

Greg Clark proposed that "factory discipline [was] successful because it 
coerced more effort from workers than they would freely give ....  The 
empirical evidence shows that discipline succeeded mainly by increasing 
work effort.  Workers effectively hired capitalists to make them work 
harder" (Clark 1994, p. 128).

   Greg Clark was referring to the sort of theory earlier proposed by 
Clark Nardinelli, who, presumably in all seriousness, declared that 
children in the factories would voluntarily choose to have their 
employers beat them.  In his words:  "Now if a firm in a competitive 
industry employed corporal punishment the supply price of child labor to 
that firm would increase.  The child would receive compensations for the 
disamenity of being beaten" (Nardinelli 1982, p. 289).  Does any parent 
seriously believe that children would make such a calculation? 
Similarly, Steven Cheung maintains that riverboat pullers who towed 
wooden boats along shore line in Pre-communist China agreed to hire 
monitors to whip them to restrict shirking (Cheung 1983, p. 5).

   Even if these children defied all of our understanding of child 
psychology and chose to have themselves beaten to earn more money for 
their parents, would such treatment represent an expression of slavery? 
  For example, some people in impoverished nations, such as China and 
Japan and Russia, were so destitute that they sold themselves into 
slavery (see Patterson 1982, p. 130).  Voluntary slavery is said to 
exist today in some of the poorest parts of the world.  Would any 
rational person see slavery as an indicator of freedom or just as an 
absence of choice?

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com


------------------------------

Message: 7
Date: Tue, 24 Mar 2009 07:11:43 -0700
From: michael perelman <[email protected]>
Subject: Re: [Pen-l] Law and Order:  AEA
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1; format=flowed

I am working on a new book about 17th & early 18th C. economists.  There 
are several cases of murder and and assortment of other crimes usually 
associated with the profession.

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com


------------------------------

Message: 8
Date: Tue, 24 Mar 2009 08:23:51 -0600
From: Bill Lear <[email protected]>
Subject: Re: [Pen-l] Law and Order: AEA
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=us-ascii

On Tuesday, March 24, 2009 at 07:09:32 (-0700) michael perelman writes:
>...
>   Even if these children defied all of our understanding of child 
>psychology and chose to have themselves beaten to earn more money for 
>their parents, would such treatment represent an expression of slavery? 
>  For example, some people in impoverished nations, such as China and 
>Japan and Russia, were so destitute that they sold themselves into 
>slavery (see Patterson 1982, p. 130).  Voluntary slavery is said to 
>exist today in some of the poorest parts of the world.  Would any 
>rational person see slavery as an indicator of freedom or just as an 
>absence of choice?

My thoughts/questions parallel yours with regard to our "volunteer"
military, the labeling of it as such is really ignoring the obscene.


Bill


------------------------------

Message: 9
Date: Tue, 24 Mar 2009 11:02:47 -0400
From: ravi <[email protected]>
Subject: [Pen-l] Help Baby Seals Who Are Killed in Canada
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=US-ASCII; format=flowed


====================

Canada's annual war on seals has begun. This year, sealers will
shoot or bludgeon 338,200 of these gentle animals, all for the
sake of "fashion." Most of these seals are just babies, and many
are skinned alive on the ice while still conscious.

http://getactive.peta.org/campaign/seal_hunt_09?rk=zp2EmU4aORwbW

====================

        --ravi



------------------------------

Message: 10
Date: Tue, 24 Mar 2009 16:03:44 +0100
From: "Robert Scott Gassler" <[email protected]>
Subject: Re: [Pen-l] Law and Order:  AEA
To: "Progressive Economics" <[email protected]>
Message-ID: <6e5adf0453e8411aa6f91565f67c1...@winc82e3c78ec5>
Content-Type: text/plain; charset="iso-8859-1"

I had Steve Cheung for a class in the early 1970s. I heard him describe the 
selling of children in China. His comment: "that's okay; they were just 
maximizing their wealth." He seemed serious.

I bit my tongue rather than ask, "is that a positive or a normative 
statement?"
----- Original Message ----- 
From: "michael perelman" <[email protected]>
To: "Progressive Economics" <[email protected]>
Sent: Tuesday, March 24, 2009 3:09 PM
Subject: Re: [Pen-l] Law and Order: AEA


> More Stephen Cheung, from my Manufacturing Discontent
>
> Greg Clark proposed that "factory discipline [was] successful because it
> coerced more effort from workers than they would freely give ....  The
> empirical evidence shows that discipline succeeded mainly by increasing
> work effort.  Workers effectively hired capitalists to make them work
> harder" (Clark 1994, p. 128).
>
>   Greg Clark was referring to the sort of theory earlier proposed by
> Clark Nardinelli, who, presumably in all seriousness, declared that
> children in the factories would voluntarily choose to have their
> employers beat them.  In his words:  "Now if a firm in a competitive
> industry employed corporal punishment the supply price of child labor to
> that firm would increase.  The child would receive compensations for the
> disamenity of being beaten" (Nardinelli 1982, p. 289).  Does any parent
> seriously believe that children would make such a calculation?
> Similarly, Steven Cheung maintains that riverboat pullers who towed
> wooden boats along shore line in Pre-communist China agreed to hire
> monitors to whip them to restrict shirking (Cheung 1983, p. 5).
>
>   Even if these children defied all of our understanding of child
> psychology and chose to have themselves beaten to earn more money for
> their parents, would such treatment represent an expression of slavery?
>  For example, some people in impoverished nations, such as China and
> Japan and Russia, were so destitute that they sold themselves into
> slavery (see Patterson 1982, p. 130).  Voluntary slavery is said to
> exist today in some of the poorest parts of the world.  Would any
> rational person see slavery as an indicator of freedom or just as an
> absence of choice?
>
> -- 
> Michael Perelman
> Economics Department
> California State University
> Chico, CA
> 95929
>
> 530 898 5321
> fax 530 898 5901
> http://michaelperelman.wordpress.com
> _______________________________________________
> pen-l mailing list
> [email protected]
> https://lists.csuchico.edu/mailman/listinfo/pen-l


----------------------------------------------------------------------------
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------------------------------

Message: 11
Date: Tue, 24 Mar 2009 09:05:28 -0700
From: Jim Devine <[email protected]>
Subject: Re: [Pen-l] Help Baby Seals Who Are Killed in Canada
To: Progressive Economics <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

Is an effort made to ensure that the seal population is conserved over
the years?

On Tue, Mar 24, 2009 at 8:02 AM, ravi <[email protected]> wrote:
>
> ====================
>
> Canada's annual war on seals has begun. This year, sealers will
> shoot or bludgeon 338,200 of these gentle animals, all for the
> sake of "fashion." Most of these seals are just babies, and many
> are skinned alive on the ice while still conscious.
>
> http://getactive.peta.org/campaign/seal_hunt_09?rk=zp2EmU4aORwbW
>
> ====================
>
>        --ravi
>
> _______________________________________________
> pen-l mailing list
> [email protected]
> https://lists.csuchico.edu/mailman/listinfo/pen-l
>



-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 12
Date: Tue, 24 Mar 2009 09:09:06 -0700
From: Jim Devine <[email protected]>
Subject: Re: [Pen-l] Law and Order: AEA
To: Progressive Economics <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

Max B. Sawicky wrote:
> http://freakonomics.blogs.nytimes.com/2009/03/23/not-as-authentic-as-i
> t-seems/#more-4445
>
>
> Schleifer, Weitzman, Rafael Robb . . .

I know about Schleifer (Brad deLong's known criminal associate), but
who are Weitzman and Robb?
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 13
Date: Tue, 24 Mar 2009 12:18:45 -0400
From: ravi <[email protected]>
Subject: Re: [Pen-l] Help Baby Seals Who Are Killed in Canada
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=US-ASCII; format=flowed; delsp=yes

On Mar 24, 2009, at 12:05 PM, Jim Devine wrote:
> Is an effort made to ensure that the seal population is conserved over
> the years?
>

I don't know about that. In my case, it is an effort to stop brutal  
unnecessary murder of other living things.


> On Tue, Mar 24, 2009 at 8:02 AM, ravi <[email protected]> wrote:
>>
>> ====================
>>
>> Canada's annual war on seals has begun. This year, sealers will
>> shoot or bludgeon 338,200 of these gentle animals, all for the
>> sake of "fashion." Most of these seals are just babies, and many
>> are skinned alive on the ice while still conscious.
>>
>> http://getactive.peta.org/campaign/seal_hunt_09?rk=zp2EmU4aORwbW
>>
>> ====================
>>
>>        --ravi
>>


        --ravi

--
Support something better than yourself ;-)
PeTA       => http://peta.org/
Greenpeace => http://greenpeace.org/
If you have nothing better to read: http://platosbeard.org/



------------------------------

Message: 14
Date: Tue, 24 Mar 2009 09:20:08 -0700
From: Jim Devine <[email protected]>
Subject: [Pen-l] neoclassical theory of work [was Law and Order: AEA
To: Progressive Economics <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

michael perelman edu> wrote:
> Greg Clark proposed that "factory discipline [was] successful because it
coerced more effort from workers than they would freely give ....  The
empirical evidence shows that discipline succeeded mainly by increasing work
effort.  Workers effectively hired capitalists to make them work harder"
(Clark 1994, p. 128).<

this is the standard neoclassical theory of management: as a group,
workers have a collective good (a small-scale public good) in having
everyone work hard (avoiding "shirking"), likely because of the
interdependence of individual efforts. They thus hire a boss to
provide that good. Presumably, they "pay" for this boss by accepting
wages less than they could make if they didn't pay for the management.

This assumes that somehow workers get together to hire a boss. This
ignores the way that the collectivity of workers is often fragmented
and individualized by competition in labor-power markets and the way
in which bosses make efforts to preserve and increase this
fragmentation ("divide and conquer"). It totally misses the "free
rider" problem that neoclassicals usually invoke when dealing with
collective goods problems.

>  Greg Clark was referring to the sort of theory earlier proposed by Clark
Nardinelli, who, presumably in all seriousness, declared that children in
the factories would voluntarily choose to have their employers beat them.
In his words:  "Now if a firm in a competitive industry employed corporal
punishment the supply price of child labor to that firm would increase.  The
child would receive compensations for the disamenity of being beaten"
Nardinelli 1982, p. 289).  Does any parent seriously believe that children
would make such a calculation? Similarly, Steven Cheung maintains that
riverboat pullers who towed wooden boats along shore line in Pre-communist
China agreed to hire monitors to whip them to restrict shirking (Cheung
1983, p. 5). <

Nardinelli throws in Adam Smith's theory of compensating wage
differentials. That theory does not work because of the existence of
unemployment, frictions, efficiency wages, etc. Back when I did an
empirical survey of evidence for the compensating wage differential
theory, the literature said that the only time it worked was when
labor unions were present (the United Mine Workers won compensation
for dangerous/deadly jobs, etc.) I've done a smaller survey since and
asked labor economists about this. It's confirmed my earlier survey.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 15
Date: Tue, 24 Mar 2009 09:25:10 -0700
From: Jim Devine <[email protected]>
Subject: Re: [Pen-l] Help Baby Seals Who Are Killed in Canada
To: Progressive Economics <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

me:
>> Is an effort made to ensure that the seal population is conserved over
>> the years?

ravi:
> I don't know about that. In my case, it is an effort to stop brutal
> unnecessary murder of other living things.

what happens if seals over-breed, the way deer have done in many
places after their natural predators were killed off? I remember that
a lot of deer died from starvation and sickness because they
over-bred.

NB: I'm not in favor of killing seals for rich people's furs. I'm not
in favor of people wearing furs. But since humans are running this
planet, we have the responsibility to try to solve the disasters we've
created (like over-breeding).

We shouldn't be overly concerned with the issue of cuteness. A lot of
endangered species aren't cute the way baby seals are.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 16
Date: Tue, 24 Mar 2009 12:29:19 -0400
From: "Max B. Sawicky" <[email protected]>
Subject: RE: [Pen-l] Law and Order: AEA
To: "'Progressive Economics'" <[email protected]>
Message-ID: <002501c9ac9d$ae88be90$0b9a3b...@net>
Content-Type: text/plain; charset=us-ascii

Marvin.  Might have spelled it wrong.  Famous Harvard prof and manure
thief.

Rafael Robb, game theorist, murdered his wife.


-----Original Message-----
From: [email protected]
[mailto:[email protected]] On Behalf Of Jim Devine
Sent: Tuesday, March 24, 2009 12:09 PM
To: Progressive Economics
Subject: Re: [Pen-l] Law and Order: AEA

Max B. Sawicky wrote:
>
http://freakonomics.blogs.nytimes.com/2009/03/23/not-as-authentic-as-i
> t-seems/#more-4445
>
>
> Schleifer, Weitzman, Rafael Robb . . .

I know about Schleifer (Brad deLong's known criminal associate), but
who are Weitzman and Robb?
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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------------------------------

Message: 17
Date: Tue, 24 Mar 2009 09:38:36 -0700
From: Jim Devine <[email protected]>
Subject: [Pen-l] bancor?
To: Pen-l <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

China Wants A New Global Currency

by The Associated Press

NPR.org, March 24, 2009 7 China is calling for a new global currency
controlled by the International Monetary Fund, stepping up pressure
ahead of a London summit of global leaders for changes to a financial
system dominated by the U.S. dollar and Western governments.

The comments, in an essay by the Chinese central bank governor
released late Monday, reflect Beijing's growing assertiveness in
economic affairs. China is expected to press for developing countries
to have a bigger say in finance when leaders of the Group of 20 major
economies meet April 2 in London to discuss the global crisis.

Gov. Zhou Xiaochuan's essay did not mention the dollar by name but
said the crisis showed the dangers of relying on one nation's currency
for international payments. In an unusual step, the essay was
published in both Chinese and English, making clear it was meant for
an international audience.

"The crisis called again for creative reform of the existing
international monetary system towards an international reserve
currency," Zhou wrote.

A reserve currency is the unit in which a government holds its
reserves. But Zhou said the proposed new currency also should be used
for trade, investment, pricing commodities and corporate bookkeeping.

Beijing has long been uneasy about relying on the dollar for the bulk
of its trade and to store foreign reserves. Premier Wen Jiabao
publicly appealed to Washington this month to avoid any steps in
response to the crisis that might erode the value of the dollar and
Beijing's estimated $1 trillion holdings in Treasuries and other U.S.
government debt.

The currency should be based on shares in the IMF held by its 185
member nations, known as special drawing rights, or SDRs, the essay
said. The Washington-based IMF advises governments on economic policy
and lends money to help with balance-of-payments problems.

Some economists have suggested creating a new reserve currency to
reduce reliance on the dollar but acknowledge it would face major
obstacles. It would require acceptance from nations that have long
used the dollar and hold huge stockpiles of the U.S. currency.

-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 18
Date: Tue, 24 Mar 2009 13:02:08 -0400
From: ravi <[email protected]>
Subject: Re: [Pen-l] Help Baby Seals Who Are Killed in Canada
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=US-ASCII; format=flowed; delsp=yes

On Mar 24, 2009, at 12:25 PM, Jim Devine wrote:
> what happens if seals over-breed, the way deer have done in many
> places after their natural predators were killed off? I remember that
> a lot of deer died from starvation and sickness because they
> over-bred.
>
> NB: I'm not in favor of killing seals for rich people's furs. I'm not
> in favor of people wearing furs. But since humans are running this
> planet, we have the responsibility to try to solve the disasters we've
> created (like over-breeding).
>

The answer is to bring those predators back (which is entirely  
feasible in many cases)... but really, clubbing other animals to death  
under the banner of preventing starvation and sickness is not really a  
better option, is it?


> We shouldn't be overly concerned with the issue of cuteness. A lot of
> endangered species aren't cute the way baby seals are.



The use of "cuteness" is tactical. Or do you think I encourage list  
members to oppose this annual brutality because I am worried about the  
loss of cuteness? ;-)

        --ravi

--
Support something better than yourself ;-)
PeTA       => http://peta.org/
Greenpeace => http://greenpeace.org/
If you have nothing better to read: http://platosbeard.org/



------------------------------

Message: 19
Date: Tue, 24 Mar 2009 10:26:44 -0700
From: michael perelman <[email protected]>
Subject: Re: [Pen-l] Law and Order: AEA
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1; format=flowed

In defense of Weitzman, he only stole poop.  The rest of our profession 
creates bad manure.

Max B. Sawicky wrote:
> Marvin.  Might have spelled it wrong.  Famous Harvard prof and manure
> thief.
> 
> Rafael Robb, game theorist, murdered his wife.
> 
> 
> -----Original Message-----
> From: [email protected]
> [mailto:[email protected]] On Behalf Of Jim Devine
> Sent: Tuesday, March 24, 2009 12:09 PM
> To: Progressive Economics
> Subject: Re: [Pen-l] Law and Order: AEA
> 
> Max B. Sawicky wrote:
> http://freakonomics.blogs.nytimes.com/2009/03/23/not-as-authentic-as-i
>> t-seems/#more-4445
>>
>>
>> Schleifer, Weitzman, Rafael Robb . . .
> 
> I know about Schleifer (Brad deLong's known criminal associate), but
> who are Weitzman and Robb?


-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com


------------------------------

Message: 20
Date: Tue, 24 Mar 2009 10:54:42 -0700
From: Jim Devine <[email protected]>
Subject: Re: [Pen-l] Law and Order: AEA
To: Progressive Economics <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

michael perelman wrote:
> In defense of Weitzman, he only stole poop.  The rest of our profession
> creates bad manure.

why would anyone steal poop? did it help him attain equilibrium?
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 21
Date: Tue, 24 Mar 2009 13:55:00 -0400
From: ravi <[email protected]>
Subject: Re: [Pen-l] computer question regarding proxy servers
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=US-ASCII; format=flowed; delsp=yes

On Mar 21, 2009, at 4:34 PM, michael perelman wrote:
> Why does something change the settings on my system to show a proxy  
> server?



That's too vague! What's showing a proxy server? Your web browser?  
What browser do you use? Does this happen when you are at work and home?

        --ravi

--
Support something better than yourself ;-)
PeTA       => http://peta.org/
Greenpeace => http://greenpeace.org/
If you have nothing better to read: http://platosbeard.org/



------------------------------

Message: 22
Date: Tue, 24 Mar 2009 11:19:42 -0700
From: Jim Devine <[email protected]>
Subject: Re: [Pen-l] Help Baby Seals Who Are Killed in Canada
To: Progressive Economics <[email protected]>
Message-ID:
        <[email protected]>
Content-Type: text/plain; charset=ISO-8859-1

ravi wrote:
> The answer is to bring those predators back (which is entirely feasible in
> many cases)... but really, clubbing other animals to death under the
banner
> of preventing starvation and sickness is not really a better option, is
it?

No, clubbing critters is a bad thing. It demeans the clubbers while
inflicting unnecessary pain on the clubbees.

In the case of deer, I think that there's nothing wrong with using
hunters as substitute for predators. However, I think hunters should
be required to eat all the venison they produce (or to sell it to
someone who will eat it). Whenever animals are slaughtered (including
mole rats and other non-cute critters), a serious effort should be
made to find a use for the results.

My problem with PETA is that they tend to value animals over people.
Or maybe their PR is so bad that they only _look_ like they value
animals over people. (They may be closet humanists.) For example,
they're not just against testing on animals to develop make-up (which
seems reasonable tom me). They're also against testing
human-life-saving drugs on animals.

me:
>> We shouldn't be overly concerned with the issue of cuteness. A lot of
>> endangered species aren't cute the way baby seals are.

ravi:
> The use of "cuteness" is tactical. Or do you think I encourage list
members
> to oppose this annual brutality because I am worried about the loss of
> cuteness? ;-)

I try not to attribute motives to anyone on the list, since I can't
read minds (especially in e-mails). But PETA and Bridget Bardot (if
she's still around) are pretty overt with their thinking and seem more
concerned with cuteness than they should be.

The use of cuteness in a tactic prevents a lot of communication with
the non-PETA folks. Is there some effort to present the PETA world
view to everyday people? _why_ should we give up on testing pro-human
drugs on animals?
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.


------------------------------

Message: 23
Date: Tue, 24 Mar 2009 14:40:14 -0400
From: ravi <[email protected]>
Subject: Re: [Pen-l] Help Baby Seals Who Are Killed in Canada
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset=US-ASCII; format=flowed; delsp=yes

On Mar 24, 2009, at 2:19 PM, Jim Devine wrote:
>
> My problem with PETA is that they tend to value animals over people.
> Or maybe their PR is so bad that they only _look_ like they value
> animals over people. (They may be closet humanists.) For example,
> they're not just against testing on animals to develop make-up (which
> seems reasonable tom me). They're also against testing
> human-life-saving drugs on animals.
>
>  But PETA and Bridget Bardot (if
> she's still around) are pretty overt with their thinking and seem more
> concerned with cuteness than they should be.
>

I don't know... I don't find hen (referred to as "chicken" in American  
English?) particularly cute. A lot of PETA actions protest their  
torture. Now they may use chicks to symbolise the hens, because indeed  
chicken are cute, but again that's tactical.


> The use of cuteness in a tactic prevents a lot of communication with
> the non-PETA folks. Is there some effort to present the PETA world
> view to everyday people?


PETA believes that their efforts are indeed a presentation to everyday  
people. And judging from the response from my niece and her friends,  
it seems to work quite well. For the cerebral stuff, there is Peter  
Singer.


> _why_ should we give up on testing pro-human
> drugs on animals?


Here's PETA's take on it: http://www.peta.org/about/faq-viv.asp
(they are spot on, IMHO, in the first paragraph, w.r.t the gains in  
general health)

Here's Singer's take on it:

"Whether or not the occasional experiment on animals is defensible, I  
remain opposed to the institutional practice of using animals in  
research, because, despite some improvements over the past thirty  
years, that practice still fails to give equal consideration to the  
interests of animals.  For that reason I oppose putting more resources  
into building new facilities for animal experimentation.  Instead,  
these funds should go into clinical research involving consenting  
patients, and into developing other methods of research that do not  
involve the harmful use of animals."

        --ravi

--
Support something better than yourself ;-)
PeTA       => http://peta.org/
Greenpeace => http://greenpeace.org/
If you have nothing better to read: http://platosbeard.org/



------------------------------

Message: 24
Date: Tue, 24 Mar 2009 11:53:03 -0700
From: Bill Burgess <[email protected]>
Subject: Re: [Pen-l] Help Baby Seals Who Are Killed in Canada
To: Progressive Economics <[email protected]>
Message-ID: <[email protected]>
Content-Type: text/plain; charset="us-ascii"; format=flowed

Please be a little more critical and reflective about a campaign that 
targets fishers and indigenous people who hunt for a living in the 
traditionally-poorest province in the country. I used to work in a 
cattle/pork slaughterhouse so I know what tender mercies went into 
your meat from the supermarket, notably the veal.




------------------------------

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End of pen-l Digest, Vol 397, Issue 1
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