We've had this sort of financial disruption without the EMH or fancy
financial mathematics, many times.  Seems to me the latter is just
part of the form of an old process.  I do think a certain kind of
passion for paper accumulation via speculation underlies the whole
thing.


On Wed, Apr 29, 2009 at 12:09 PM, Ted Winslow <[email protected]> wrote:
> Michael's contribution to this debate ignores Marx's idea, derived from
> Hegel, of the "passions", an idea that, in the form of his idea of the
> capitalist "passions", underpin his representation of capitalism as M-C-M'.
>
. . .
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