The industrial reserve army is another esoteric term that might be of some interest to the subscribers to this list. The efficiency wage hypothesis is a clever device for smuggling the involuntary unemployment back into respectable economic analysis while pinning the blame for it on workers. Hence the quotation:
"Only now can one fully understand the effrontery of these apologists." -- Karl Marx, *Capital.* On Wed, May 14, 2014 at 10:11 PM, Tom Walker <[email protected]> wrote: > Well the title of this list serve is "progressive economics network" so > there is a presumption that subscribers would either have heard some of > these esoteric terms or, if not, would not be entirely adverse to learning > about them. This is not the street, so I am not addressing the average > person on the street. I don't presume I'm addressing the average person on > the list. There may be five people who even read past the subject line. If > I'm lucky. I think I can count on three or four. > > > > On Wed, May 14, 2014 at 9:47 PM, Eubulides <[email protected]> wrote: > >> >> On May 14, 2014, at 6:26 PM, Tom Walker <[email protected]> wrote: >> >> > Hardly. Tomasky makes claims. Summers makes claims. I point out that >> their claims have no substance. There's not an esoteric fart in a carload. >> > >> >> ========= >> >> “Microfoundations”, “imputed rent”, "technocratic prose” are as esoteric >> to the average person on the street as you imply for disquotationalist >> [which I was using in a humorous context but I’ll leave that aside] and >> every bit as useless for understanding our current-future predicaments as >> the concepts of Thomistic metaphysics. So I’d say we agree even though we >> come at the issues from different backgrounds. >> >> That’s all I’m sayin’ >> >> E. >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l >> > > > > -- > Cheers, > > Tom Walker (Sandwichman) > -- Cheers, Tom Walker (Sandwichman)
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