BTW, I've been told that a lot of folks who left the CPUSA and other leftist parties (or were purged from labor unions) in the 1940s and 1950s went to Wall Street and applied Marxian political economy to play the market. I don't know if that's true or not, but part of the story is some got rich that way. (As far as I can tell, Marxian theory can't be used for that purpose, but what the heck.)
If this rumor is true, I'd like to know. Jim Devine, e-mail: [EMAIL PROTECTED] web: http://myweb.lmu.edu/jdevine/ > -----Original Message----- > From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of > Michael Perelman > Sent: Friday, December 10, 2004 8:20 AM > To: [EMAIL PROTECTED] > Subject: Re: [PEN-L] Long waves > > I don't know why Lou would be surprised about the investor concern > about long waves. > Around the late 1970s, when the new Kondratieff was thought to be > ready to automatically > kick in, the Wall Street Journal had a front-page story about > Kondratieff. Many business > publications also followed the story. > > Doesn't the Elliott Wave theory that Doug sometimes posts about > believe in a Kondratieff > wave? > > > > -- > Michael Perelman > Economics Department > California State University > Chico, CA 95929 > > Tel. 530-898-5321 > E-Mail michael at ecst.csuchico.edu
