Re: Samuelson's lump-of-labor, 1998

1999-01-26 Thread Ray E. Harrell
I agree Tom, but isn't even saying it a little like the proselytizer's answering that the problem is not with the product but the salesman? REH Tom Walker wrote: Ray Harrell wrote, The argument I have made on these lists for a number of years is that this is all related to value. What

Re: Samuelson's lump-of-labor, 1998

1999-01-26 Thread Ray E. Harrell
I said e.g. an operatic part at the Metropolitan costs tops $19,000 per performance. While the same part in Vienna can double that. Why is it worth more in Vienna than here? It has nothing to do with its inherent value as a major part of a great work of art. It has to do with the story that the

Re: Samuelson's lump-of-labor, 1998

1999-01-26 Thread Ray E. Harrell
Very interesting response Tom, but there are a few problems with your marriage of the metaphors. 1. Unfortunately, the 19th Century Artists who read the 19th century economists and participated in the wars, on their side, were often better composers than the economists were theorists. The

Re: Samuelson's lump-of-labor, 1998

1999-01-26 Thread Ray E. Harrell
Aw shucks, I was kinda enjoying the mud. I haven't gotten down and dirty in a while and no one more fun to do it with than yourself.Interesting how the problem becomes one of how all of those stupendous talents graduating from school as "professional" actors end up on "Wings" playing

Re: Samuelson's lump-of-labor, 1998

1999-01-26 Thread Cordell, Arthur: DPP
that the older economy wasn't well-measured). So when we speak of work there is a tendency to speak of the past. The present doesn't seem to fit. Value-added? Marginal-productivity of labour? Hunhhh? -- From: [EMAIL PROTECTED] To: [EMAIL PROTECTED] Subject: Re: Samuelson's lump

Re: Samuelson's lump-of-labor, 1998

1999-01-26 Thread Edward Weick
Ray E. Harrell: 2. Opera is truly a holistic art form that encompasses music, drama, dance, the graphic arts, film and anything else that can be used by the composer. There is nothing about Neo-Classical Economics that vaguely resembles the whole of human.

Re: Samuelson's lump-of-labor, 1998

1999-01-26 Thread Mike Hollinshead
Ray, This is really important. It is something I have wrestled with in the book. The whole basis for political legitimacy in the industrial age is property - at first land and latterly machines and buildings. Economists and lawyers have tried to deal with the issue you raise by creating the

Re: Samuelson's lump-of-labor, 1998

1999-01-25 Thread Tom Walker
Ray Harrell wrote, The argument I have made on these lists for a number of years is that this is all related to value. What one decides to value and pay money for. Today in the U.S. they have decided to pay the money they used to pay for the commodity milk, for stocks and bonds instead. (see