That was also the main theme of The Invisible Handcuffs. On Thu, Dec 15, 2011 at 11:33 AM, Sandwichman <[email protected]> wrote: > In a sentence or two: > > Pagano's critique of the conventional analysis is based on the latter's > reliance on what he calls a "leisure semantic device," introduced by Walras, > to enable an indifference curve analysis of work and leisure. The adoption > of the device, in Pagano's opinion, underlies modern economic theory's > "almost complete ignorance of the difference between human labour and the > other resources." > > David Spencer has also done interesting work on the "disappearance of labor" > from modern economic theory. Of course labor reappears on the surface as a > "choice" or a "factor of production" but only after its unique > characteristics have been crudely homogenized as a commodity just like any > other. > > > On Thu, Dec 15, 2011 at 10:50 AM, Doug Henwood <[email protected]> wrote: >> >> >> On Dec 15, 2011, at 1:15 PM, Sandwichman wrote: >> >> > For a good theoretical discussion of the economics of worker coops and a >> > critique of the conventional analysis, see Ugo Pagano's Work and Welfare in >> > Economic Theory. >> >> Before we all race to the library, what's the argument in a sentence or >> two? >> >> Doug >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l > > > > > -- > Sandwichman > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
-- 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
