Dear friends,
Adolfo O. has come up with a number of quotes (a few way out of historical
context) from Marx, Lenin, Comintern Cong., etc. claiming to justify his
maoist doctrine of the workers subordinating their struggles to the
national capitalist interests.
But I don't think Lenin,when
I hate to display my extreme ignorance in this matter, but, what IS
Libertarianism? (this is not a trick question, I really don't know) Is there
a volume or volumes I could read to get an idea of Libertarian positions?
maggie coleman [EMAIL PROTECTED]
If diversity of ethnicity causes riots and poverty does not, then is this
article saying that we should all live in same race communities? Hmmm, could
one take this a step further and say that there would be even less rioting if
we all lived in same gender communities and practiced same gender mar
>At 9:51 AM 7/10/96, DOUG ORR wrote:
>
>>Before I go into this discussion, I ask my students to define the word
>>"efficiency." Since none of them read the textbook, the discussion is seldom
>>biased by the economic definition.
>
>Does the sense of "efficiency" used in efficient market theory (i.
Forwarded message:
>From [EMAIL PROTECTED] Wed Jul 10 19:40:22 1996
From: D Shniad <[EMAIL PROTECTED]>
Message-Id: <[EMAIL PROTECTED]>
Subject: Please circulate widely
To: [EMAIL PROTECTED] (Sam Lanfranco)
Date: Wed, 10 Jul 1996 19:40:19 -0700 (PDT)
Cc: [EMAIL PROTECTED] (michael perelman)
MIME-V
I have the source of the Friedman citation and some similar quotes in
my Pathology of the U.S. economy book.
>
> Is Milton Friedman the source of the strategy of creating a government deficit
> in order to force a reduction in spending? I know that David Stockman was
> reported by Greider to have
Is Milton Friedman the source of the strategy of creating a government deficit
in order to force a reduction in spending? I know that David Stockman was
reported by Greider to have described that strategy, but I seem to remember
that Friedman said it first. Can anyone help with a reference?
Jun
Jim,
I'll bite. It seems to me that what you're criticizing is much mroe
generally the value of modelling economies mathematically than just the
A-D GE model (unless by A-D you mean specifically Walrasian equilibrium,
which I agree is irrelevant enough to be useless). These models tell us
Peter Karl Kresl
Department of Economics
Bucknell University
Lewisburg, PA 17837 USA
Tel: 717-524-1478
Fax: 717-524-3451
Forwarded message:
>From [EMAIL PROTECTED] Wed Jul 10 17:28:07 1996
From: D Shniad <[EMAIL PROTECTED]>
Message-Id: <[EMAIL PROTECTED]>
Subject: For your lists
To: [EMAIL PROTECTED] (Sam Lanfranco),
[EMAIL PROTECTED] (michael perelman)
Date: Wed, 10 Jul 1996 17:28:04 -0700 (PDT)
MIME-Versi
When capitalist economies go into crises, we have not only
a problem of idle hands and unmet needs -- by any reasonable definition,
a pretty inefficient situation. We also have a problem of unmet needs
and surplus goods. Take the late 80s condo bust on the east coast, where
ov
> Date sent: Wed, 10 Jul 1996 15:40:10 -0700 (PDT)
> Send reply to: [EMAIL PROTECTED]
> From: [EMAIL PROTECTED]
> To: Multiple recipients of list <[EMAIL PROTECTED]>
> Subject:[PEN-L:5081] Re: Efficiency
> Isn't it impossible to define efficiency in abstracti
Isn't it impossible to define efficiency in abstraction
from some end(s) one wishes to promote? For example, what
is efficient if one's goal is long-term wants-satisfaction
may not be efficient if one's goal is long-term needs
satisfaction; or to take two rather different goals,
> Date sent: Wed, 10 Jul 1996 15:00:55 -0700 (PDT)
> Send reply to: [EMAIL PROTECTED]
> From: [EMAIL PROTECTED]
> To: Multiple recipients of list <[EMAIL PROTECTED]>
> Subject:[PEN-L:5076] Re: one last note on Becker
> To James C.
> First, I did put quotat
> Date sent: Wed, 10 Jul 1996 14:46:05 -0700 (PDT)
> Send reply to: [EMAIL PROTECTED]
> From: [EMAIL PROTECTED] (GC-Etchison, Michael)
> To: Multiple recipients of list <[EMAIL PROTECTED]>
> Subject:[PEN-L:5072] Re: one last note on Becker
> To JM Craven:
>
>
GC-Etchison, Michael wrote:
> But to call me a Professor! Muzzle-loaders at dawn,
> and have your second call mine.
> Actually, I'm a lawyer stuffed away in a bureaucracy.
Is that any better?
Jerry
Gil Skillman and others have made the valid point that
sophisticated neoclassical economics trumps both textbook
neoclassicism and the Chicago school. (I think it's very
important to be clear which genus or species of n.c. economics
one is talking about.)
But do we want to teach the students
To James C.
First, I did put quotation marks around "real world."
Second, Bob Dole might become president of the USA. In
that case I can hardly wait to see what advice Becker will
have for him on "family values"..
Barkley Rosser
My thanks to Doug Orr and James Michael Craven for their
remarks on libertarianism. It warms the cockles of my
heart to read such good, hard-hitting sense, without a
trace of capitulation or concession to the pathology they
attack.
I think it's time the left in America launched
Hi,
My name is May. I got your message about the National Income and
Product accounts, I am currently in need the same data you just transferred
to the spreadsheets. Please send more information about the data and how to
send the diskette to me. Thank you for your time and help! Bye!
I don't believe I ever accused Mr Etchison of being a
libertarian. I asked him to read and respond to some
posts of mine critiquing libertarianism. I may have
accused him of being driven by a pro-market ideology
(though not libertarianism specifically), and I think this
is a fai
To JM Craven:
Really, sir, this has gone too far! First I am nearly-smeared by being
named in close proximity to a paragraph describing libertarians. That I
can bear, barely. But to call me a Professor! Muzzle-loaders at dawn,
and have your second call mine.
Actually, I'm
Following is one of my typically inept attempts to try to answer Maggie,
Jerry, and Barkley in one swell foop:
I'm not trying to claim that Marx's theory of crisis was a thorough
description of capitalist inefficiency or even a good one (though I
agree with it). The point was merely in respo
First, let me say that I liked Jim Craven's description/definition of
libertarians enough that I have sought and received his permission to use
it with full attribution in another List forum. I hope to receive the
same from Doug Orr, as the two are most complementary (especially since
neither
Doug: one of the funniest posts I've seen on PEN-L for a long time. Thanks!
Blair
At 8:16 AM 7/10/96, Doug Henwood wrote:
>>From today's Labor Economics abstracts:
>
>> "The L.A. Riot and the Economics of Urban Unrest"
>>
>> BY: DENISE DIPASQUALE
>> University of Chicago
>>
At 9:27 AM 7/10/96, Doug Henwood wrote:
>At 8:57 AM 7/10/96, Terrence Mc Donough wrote:
>
>>
>>Does this boil down to arguing that Blacks and Hispanics have too
>>much time on their hands?
>
>That's sorta what it sounds like, eh? And that idle hands are the devil's
>playthings especially when the
James Michael Craven 7/10 joins PR Burns (in the misty past) in
mistaking me for a Libertarian, using the broad and
enthusiastically-wielded brush of his lengthy psychoanalytic foray (some
of which actually described many of the libertarians I've known), joined
to increasingly-frothing d
[EMAIL PROTECTED] wrote:
>
> Whatever other critiques of capitalism there may be --
> and I am convinced there are many -- and whatever
> the relative importance of different deficiencies in
> capitalism -- and I, personally do not begin with an
> efficiency based critique -- I do beleive there
James Michael Craven 7/10 joins PR Burns (in the misty past) in
mistaking me for a Libertarian, using the broad and
enthusiastically-wielded brush of his lengthy psychoanalytic foray (some
of which actually described many of the libertarians I've known), joined
to increasingly-frothing
For the record:
The following was sent to me and I certainly apologize publicly to
Prof. Etchison if I was in any way unclear as to the target of my
vitriol. I have no idea if Prof. Etchison is a libertarian, I don't
care if he is a libertarian, I do not purport that the
characteristics of so
> Date sent: Wed, 10 Jul 1996 12:26:38 -0700 (PDT)
> Send reply to: [EMAIL PROTECTED]
> From: [EMAIL PROTECTED]
> To: Multiple recipients of list <[EMAIL PROTECTED]>
> Subject:[PEN-L:5062] Re: Becker and all that
> It should probably be noted that recently
It should probably be noted that recently Becker
was reported to be among a small group of economists
that Bob Dole met with for advice. Becker is very
influential, for better or for worse, largely the latter,
in the "real world."
Barkley Rosser
It was my great pleasure in grad school in the '70's to have as a friend
and professor at UT, the late H.H. Liebhafsky, Ph.D., J.D., and reformed
neo-classicist. He attributed his reformation to writing a Price Theory
text and realizing it was all a bunch of circular definitions, then
publishi
Not only does the abstract seem to suggest that blacks and hispanics
have too much time on their hands, but that there aren't enough police
on the streets, either (likelihood of punishment).
Ellen Frank
1. Orphanides and Wilcox write: >> Proponents of this
approach hold that when inflation is moderate but still
above the long-run objective, the Fed should not take
deliberate anti-inflation action, but rather should wait
for external circumstances -- such as favorable supply
shocks and unforeseen
DOUG ORR wrote:
> Before I go into this discussion, I ask my students to define the word
> "efficiency." Since none of them read the textbook, the discussion is seldom
> biased by the economic definition. Inevitably some student comes up with the
> the physics definition of minimizing energy ex
Doug writes:
>Maggie's examples are good and I use similar ones in my classes. But I also
>make certain that my students get the broader point. The NC definition of
>efficiency is just as tautological as most of the rest of the theory. NCs
>simply define what the market does (minimizing the do
Doug Orr writes:
> I am not so sure about the last sentence. Becker is a libertarian, and
> libertarianism is a pathological condition. Most libertarians are
> isolated and alienated and find it also impossible to relate to other
> human beings in ways that are deemed socially acceptable. Rathe
At 9:51 AM 7/10/96, DOUG ORR wrote:
>Before I go into this discussion, I ask my students to define the word
>"efficiency." Since none of them read the textbook, the discussion is seldom
>biased by the economic definition.
Does the sense of "efficiency" used in efficient market theory (i.e. the
Michael Etchison thinks that we have treated Becker in an uncivil
manner. He also seems to think that discussing suicide is outside the
bounds of PEN-L. I agree with Michael Craven that Beckers theories and the
policies these theories justify are extremely uncivil, and have
destroyed the live
1. Jerry Levy wrote that:>>It takes two to tango, Jim.
It's hard for me to picture Becker as a victim. Despite
his alleged eccentricities, he has made more than a few
$ on his writings.<<
You're right, of course (though I didn't portray the Beckernator
as a victim). As usual, it's a dialectic
Maggie's examples are good and I use similar ones in my classes. But I also
make certain that my students get the broader point. The NC definition of
efficiency is just as tautological as most of the rest of the theory. NCs
simply define what the market does (minimizing the dollar costs of inpu
No commentary added:
-
*The Opportunistic Approach to Disinflation*
Athanasios Orphanides and David W. Wilcox
Board of Governors of the Federal Reserve System
(The opinions expressed herein do not necessarily reflect
At 8:57 AM 7/10/96, Terrence Mc Donough wrote:
>
>Does this boil down to arguing that Blacks and Hispanics have too
>much time on their hands?
That's sorta what it sounds like, eh? And that idle hands are the devil's
playthings especially when the idle hands are of many different hues.
Doug
-
> >From today's Labor Economics abstracts:
>
> > "The L.A. Riot and the Economics of Urban Unrest"
> >
> > BY: DENISE DIPASQUALE
> > University of Chicago
> > EDWARD L. GLAESER
> > Harvard University and NBER
> >
> > Paper ID: NBER Working Pape
So whoever said Marx was perfect? Who among us is not without
contradictions? We should resist hero-worship in all forms. Tear the
statues down!
Jerry
Tavis,
In the NC framework you've got to be on the production
possibilities frontier to be Pareto optimal ("efficient").
If "factories are idle" and "workers are unemployed"
(involuntarily) then the society is not on the ppf and the
outcome is not efficient. Of course, being on the ppf is no
>From today's Labor Economics abstracts:
> "The L.A. Riot and the Economics of Urban Unrest"
>
> BY: DENISE DIPASQUALE
> University of Chicago
> EDWARD L. GLAESER
> Harvard University and NBER
>
> Paper ID: NBER Working Paper 5456
> Da
Actually, I think that the incident ocurred when Marx was middle aged.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 916-898-5321
E-Mail [EMAIL PROTECTED]
Blair, we disagree on this one. A similar argument could be made for
chernoble which is STILL hot, and may destroy much more than it already has.
While it is true that three mi is did raise consciousness about the danger
of 'benign' nuclear energy -- it still has not stopped the production of
nu
Tavis speaks about the issue of efficiency as presented by Marx in V III
(original exchange below). I probably wasn't all that clear in my original
post -- I think efficiency can be quantified only if one can define
efficiency itself, and that efficiency is a quantity without definable
borders.
BLS DAILY REPORT, TUESDAY, JULY 9, 1996
Job cuts announced in the first six months of 1996 were 28 percent higher
than in the same period of 1995, according to the Challenger Employment
Report In addition, the report said the layoff announcements in the
first half of 1996 were 6 percent ahea
While I'm prudishly disapproving of this sort of thing, especially
the defense of German high culture, I thought the list might find
this amusing.
Terry McDonough
--- Forwarded Message Follows ---
Date: Tue, 09 Jul 1996 21:31:28 -0400 (EDT)
From: Alex Trotter <[EMAIL
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