Bill Lear's question on normal profits is pushing the list in the
direction I had been proposing for some time. For the most part, Ian
has been alone in showing an inclination similar to my own.
Like Paul, I began as an agricultural economist. For us, it is easy to
see how commodity markets
Dear PEN-L,
As an organizer with a welfare rights organization and a student at the
Evergreen State College in Olympia, WA, I am trying to learn about
strategies for helping people to think critically about economics. I am
helping to organize a popular education project for the organization
[EMAIL PROTECTED] wrote:
(snip of most of the post)
My mentor in economics, Vernon Fowke, wrote many times in
his numerous articles on the agricultural economy that "there are
no (long term) profits in competition" (despite the risks.) Anyone
who has had much practical experience with
Regarding what was said below, although I believe that Lester Telser regards
himself as part of the Chicago school, since he teaches there, his work is far
more sophisticated and realistic, which is why I suspect that he has never been
given his due as an economist.
He makes the mistake of
I just saw the Waco video last night. Interesting/frightening. One of
the preachers that plays basketball with me at the gym, an ex-druggie
musician has a similar way of looking at the Bible as Koresh. Both are
smart, but go off in wierd directions.
The video made a pretty convincing case
(Mercifully, I agree with what Ajit said on the subject of "normal" profit.
"Normal profit" is an ideological version of the "average" profit of Marx
the classics.)
Eugene wrote:
The second part of Bill's question addresses a second quote from Dean
Baker. Baker cites standard neo-classical
Ajit wrote:
I personally do find the idea of 'normal profit' of neo-classical economics to
be extremely difficult to get hold of. Normal profit is a notion related to the
long run situation under a perfectly competitive market structure. Now, if we
accept the neo-classical marginal
A word has several meanings, Jim. You can understand its meaning only in
the context of its use...
This is the reason my joke was followed by a reinterpretation of the word
"pedestrian." (This reinterpretation appears below, surrounded by and .)
The point is that "pedestrian" _can be_ good,
William S. Lear wrote:
On Friday, August 27, 1999 at 18:02:28 (-0700) Ajit Sinha writes:
Rod Hay wrote:
"The will has no meaning in isolation. Therefore it does not exist"
The heart has no meaning in isolation from a body. Therefore it does not
exist.
The part has no meaning in
Mathew Forstater wrote:
The notion of normal (or what Adam Smith called "natural") rate of profits
is not only or even primarily a neoclassical concept. This notion is in the
Classical economists and Marx.
__
This point is also made by Jim Devine and Michael Perelman. I think
Rob Schaap wrote:
Hi again, Ajit,
You write:
So at the epistemological level, what good is will for?
Well, whilst historical and contemporary relations do enable and constrain,
I do believe there is an extra-structural category. That'd be 'that which
is enabled and constrained by
Hi again, Ajit,
You write:
So at the epistemological level, what good is will for?
Well, whilst historical and contemporary relations do enable and constrain,
I do believe there is an extra-structural category. That'd be 'that which
is enabled and constrained by historical and contemporary
12 matches
Mail list logo
