[PEN-L:5390] Re: Next Recession

1995-06-08 Thread Justin Schwartz
So what explains this mysterious collapse of character which is responsible, according to Etchison, for the plight of the urban poor? We dismiss the possibility that it has anything to do with de-industrialization, the collapse of unionism, capital export, engineered unemployment, or institutiona

[PEN-L:5389] Re: Next Recession

1995-06-08 Thread Justin Schwartz
Doug and I are suggesting that we reduce the deficit, insofar as that's desirable and necessary, by taxing the rich and (and cutting corporate wealthfare and the Pentagon budget); then finance govt operations insofar as possible by taxing particularly the wealthiest and the corporations instead o

[PEN-L:5388] Re: Magdoff on Market Socialism

1995-06-08 Thread Rhon Baiman
On Mon, 5 Jun 1995, Louis N Proyect wrote: > Louis Proyect: > > A letter from Harry Magdoff to Frank Roosevelt and David Belkin, the > editors of "Why Market Socialism", appears in the May 1995 Monthly > Review. In explaining why Monthly Review chose not to review the > new book, the MR ed

[PEN-L:5387] Havana Heat, Bronx Beat: Salsa Party, NYC

1995-06-08 Thread Bill Koehnlein
Dance Party to Celebrate the Publication of *Salsa!: Havana Heat, Bronx Beat* by Hernando Calvo Ospina Monthly Review Press will host a salsa dance party on Saturday, June 24 from 7 pm until whenever at 122 West 27 Street, 10

[PEN-L:5386] Ontario election results

1995-06-08 Thread D Shniad
Preliminary election results are in from Ontario, Canada's most populous province. It appears that the Tories, led by a US-inspired right winger named Harris, will form a majority government with 75 seats. This marks the end of the NDP government, led by Bob Rae, whose reign was marked by the

[PEN-L:5385] deficit comparison numbers?

1995-06-08 Thread Bill Briggs
I'm looking for the actual numbers that all the nifty percentage statistical games are played with. I have found this 1993 [in billions] for USA. outlay 1142 receipts842 question 1. where would I find similar numbers for the major developed nations? question 2. what would th

[PEN-L:5384] value & method (continued)

1995-06-08 Thread James Devine
Hi, Ajit! I hope every thing's going well in OZ. 1. Ajit tears my missive apart, because I spend a lot of time talking about what (I think) Marx's Law of Value (LoV) is NOT rather than what it was. But I did say what (I thought) it was: if anything, it's a metatheory. Jerry Levy has a good rep

[PEN-L:5383] Re: Kondratieff

1995-06-08 Thread Eric Nilsson
Tom Walker wrote, > . . .the point is not to discover > which plot most closely resembles the "true story". The point is to > arrive at an analysis . . . that shows how the various competing stories > could somehow all be true. That, then, would give us the degree of > certainty . . . we ne

[PEN-L:5382] Re: Kondratieff

1995-06-08 Thread Tom Walker
On Thu, 8 Jun 1995, Eric Nilsson wrote: > But what if the plot is wrong! We might end up with a story with > the wrong protagonists and with the wrong "message." Ah ha! Now we're getting somewhere. As my friend Emery Roe might say, the point is not to discover which plot most closely resembles

[PEN-L:5381] Re: Keynes is dead (Re: Next Recession

1995-06-08 Thread Nathan Newman
On Thu, 8 Jun 1995, Doug Henwood wrote: > At 4:30 PM 6/7/95, Nathan Newman wrote: > > >If the US government deficit spends, doesn't a large proportion of the > >spending get sent overseas through imports, thus short-circuiting any > >multiplier effect? > > Certainly some of that happens. But

[PEN-L:5380] LBO web site

1995-06-08 Thread Doug Henwood
I'm in the early phase of planning an LBO web site. Any advice on style, content, and links to other sites would be highly welcome. Doug -- Doug Henwood [[EMAIL PROTECTED]] Left Business Observer 250 W 85 St New York NY 10024-3217 USA +1-212-874-4020 voice +1-212-874-3137 fax

[PEN-L:5379] Re: desire for stability=natural?

1995-06-08 Thread M Schettino
Institutions provide stability to the economic environment. It is not a matter of individuals desire of stability but of the way institutions are created and evolve. If individuals do not desire stability, institutions provide it anyway. Institutions stabilize since they are created in the s

[PEN-L:5378] Re: prices and values (part 2 of 2)

1995-06-08 Thread John R. Ernst
Dear Ajit Sinha, Your points concerning Devine's post are well-taken and, it seems to me, best understood as coming from frustration with defenses of of Marx that are, at best, premature. Some points worth noting. 1. Much of the criticism of Marx is directed at Book III of his C

[PEN-L:5377] Re: Kondratieff

1995-06-08 Thread Eric Nilsson
Evan Jones wrote, > In Australia, in particular, a major development which kept the long > boom bubbling along in the 1960s was an extraordinary expansion in > the mining sector, a phenomenon mostly unforeseen in the 1950. What caused this expansion of the mining sector? Was it exogenous to Au

[PEN-L:5376] Kondratieff

1995-06-08 Thread Eric Nilsson
Tom Walker wrote > long waves are a wonderful heuristic -- a sort of grand plot outline > that helps us guess what the characters are up to before we have > all the evidence. But what if the plot is wrong! We might end up with a story with the wrong protagonists and with the wrong "message."

[PEN-L:5375] desire for stability=natural?

1995-06-08 Thread Eric Nilsson
I wrote, > I don't think that capitalists always desire stability/certainty. Michael Etchinson clarified his points in response to my post. Question: is an observed desire to avoid risk/uncertainty/instability 1) an exogenous component of preferences or 2) endogenously created

[PEN-L:5374] Re: suburbs/housing and SSAs

1995-06-08 Thread Eric Nilsson
Marshall Feldman wrote > In the case of US suburbanization, once the pieces were in place around > 1950 (adding the highway act in 1956), the geographic transformation DID > work fairly automatically for about 2 decades. What role do you think that the run-up of U.S. housing prices (particula

[PEN-L:5373] Re: Next Recession

1995-06-08 Thread Louise Laurence
For some reason you guys are just NOT listening. Justin writes "whose taxes"? Well, as a clarification, it is federal government tax revenues. Sure the middle class taxpayers pays the bulk, but then this group is much larger than the wealthy tax payers. Look, I have nothing against increasing

[PEN-L:5372] Re: Kondratieff

1995-06-08 Thread Marshall Feldman
>Posted on 7 Jun 1995 at 12:42:27 by TELEC List Distributor (011802) > >[PEN-L:5338] Re: Kondratieff > >Date: Wed, 7 Jun 1995 09:40:27 -0700 >Reply-To: [EMAIL PROTECTED] >From: "Anthony D'Costa" <[EMAIL PROTECTED]> >To: Multiple recipients of list <[EMAIL PROTECTED]> > >Regarding small acale incr

[PEN-L:5371] Re: Kondratieff

1995-06-08 Thread Marshall Feldman
>Posted on 7 Jun 1995 at 22:14:16 by TELEC List Distributor (011802) > >[PEN-L:5359] Re: Kondratieff > >Date: Wed, 7 Jun 1995 19:13:38 -0700 >Reply-To: [EMAIL PROTECTED] >From: "Evan Jones - 448 - 3063" <[EMAIL PROTECTED]> >To: Multiple recipients of list <[EMAIL PROTECTED]> > > >On 7 June Eric N

[PEN-L:5370] Re: Next Recession

1995-06-08 Thread Jim Devine
Yeah, it sure looks as if a recession is hitting. The Fed tried having a "soft landing" before, in 1990, and it didn't work. A slowdown in the economy causes investment to _fall_ according to the generally- forgotten accelerator theory of investment. (Just as we in California are finally recoverin

[PEN-L:5369] value and price (part 2 of 2

1995-06-08 Thread Jim Devine
The previous post stressed the methodological context of the debate. In short, Marx's Law of Value (LoV) is part of his materialist- dialectical method and materialist conception of history. It cannot really be understood without this context, while it's hard to accurately criticize something one

[PEN-L:5368] value and price (part 1 of 2

1995-06-08 Thread Jim Devine
It's feels strange to jump into the middle of an extended debate between Gil Skillman, John Erst, Alan Freeman, Paul Cockshott, and glevy. But I'm used to feeling strange and I want to make some points, which I hope are major. I do not know the Kliman-McGlone-Freeman interpretation of Marx's law

[PEN-L:5367] Re: Keynes is dead (Re: Next Recession

1995-06-08 Thread Doug Henwood
At 4:30 PM 6/7/95, Nathan Newman wrote: >If the US government deficit spends, doesn't a large proportion of the >spending get sent overseas through imports, thus short-circuiting any >multiplier effect? Certainly some of that happens. But since US imports are about 12-13% of GDP, it's hard to se

[PEN-L:5366] Re: Kondratieff

1995-06-08 Thread GC-ETCHISON, MICHAEL
Eric Nilsson replies, 6/7, to my remark that >>People . . . seem to prefer a substantial measure of certainty in their lives. by writing: > I don't think that capitalists always desire stability/certainty. There is no reason that capitalists might not want high uncertainty IF such a thin

[PEN-L:5365] Re: Next Recession

1995-06-08 Thread GC-ETCHISON, MICHAEL
Justin Schwartz on 6/7 replied to my remarks about character by writing: >Perhaps Etchison has an idea about how to build character in the slums where the only going industries are drugs and prostitution, where the schools are zoos and the cops are thugs and there are no jobs--without spending

[PEN-L:5364] Re: taxonomy

1995-06-08 Thread Iwao Kitamura
On Tue, 6 Jun 1995 10:15:50 -0700 Tavis wrote: > > >On Tue, 6 Jun 1995, Robert Naiman wrote: > >> (You can't get out of it >> by saying that Arabs aren't People of Color; how then to classify Egyptians >> or Sudanese or even Palestinians from Jericho?) > >The strange thing is that Arabs are in fa

[PEN-L:5363] "Purpose" in Marx and Sraffa

1995-06-08 Thread glevy
On Wed, 7 Jun 1995 [EMAIL PROTECTED] wrote: > I must be crazy to venture into the never ending "Jim and Gil debate". But I > don't think that I can go on suffering this kind of vacuous arguments in the > name of the Marxist defence against Roemerianism. Jim says: > > 7. Turning to the LoV specif