Subject:
GMO Updates #9: Suicide Seeds on the Fast Track
Date:
Sun, 26 Mar 2000 03:12:06 -0500
From:
[EMAIL PROTECTED] (jean hudon)
To:
undisclosed-recipients: ;
THIS NEWS INFO BELOW IS REALLY UPSETTING
BECAUSE WE ALL THOUGHT THAT THE
WOLRDWIDE
Original Message
Subject: EMPERORS CLOTHES? NEVER HEARD OF 'EM!
Date: Sun, 26 Mar 2000 05:45:19 -0500 (EST)
From: [EMAIL PROTECTED]
Reply-To: [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
In a an article on the CNN connection with the U.S. Army's psychological
Operations division,
Chair, Department of Economics
Rensselaer Polytechnic Institute
Unique Opportunity for an established, active and visionary economist to
chair a growing Department of Economics at a top-ranked technological
university. The successful candidate will have the opportunity to hire up to
I don't think the distinction between an "overaccumulation/profitability
crisis" and a trade cycle crisis can be used to distinguish a Marxian from a
Keynesian analysis.
Marx and Keynes each allow for both kinds of crisis.
Marx, like Keynes, associates trade cycle crises (which he calls
NY Times: March 26, 2000
Many Companies Are Forced to Dip Deeper Into Labor Pool
By LOUIS UCHITELLE
K ANSAS CITY, Mo. -- Unable to find enough workers in the booming
economy, American corporations are trying to expand the labor pool.
Until recently, employers had met their
NY Times: March 26, 2000
Many Companies Are Forced to Dip Deeper Into Labor Pool
By LOUIS UCHITELLE
K ANSAS CITY, Mo. -- Unable to find enough workers in the booming
economy, American corporations are trying to expand the labor pool.
Uh-oh. There goes our search engine...
Louis
NYT: March 26, 2000
The Price of Oil
Letters Index
_
To the Editor:
As a former oil trader, I think there are several issues to consider
about the currently high price of oil ("Clinton Calls for New
Comments are after specific sections:
THIS NEWS INFO BELOW IS REALLY UPSETTING
BECAUSE WE ALL THOUGHT THAT THE
WOLRDWIDE PROTESTS AGAINST THE TERMINATOR
TECHNOLOGY HAD SUCCEEDED IN DEFINITLEY
PUTTING AN END TO IT. WE HAVE BEEN LIED TO BY
MONSANTO - NOW CHANGING NAME TO "PHARMACIA" -
WHICH
Carrol Cox quoted:
The annoying thing is that
Cockburn
did not credit emperors-clothes which, after all, is no different from
any
other magazine; we expect to be credited for our work since our work is
our
reputation, etc.
This is pretty funny. The list of Alex's uncredited sources would
rival
I would add the lack of city planning as another major culprit -- which makes
public transit work poorly and requires long commutes.
Stephen E Philion wrote:
NYT: March 26, 2000
The Price of Oil
Letters Index
_
Ted,
You quote Marx's explanations of financial crises in terms of a flight from
financial assets, including fiat monies, to gold. What are the
implications of the fact that this did not occur for the relevance of Marx
to understanding recent financial crises?
Edwin (Tom) Dickens
Doug Henwood wrote:
I'm not Ted, but it tells me that Marx was wrong when he said that
crises cannot be resolved by "allowing one bank, e.g. the Bank of
England, to give all the swindlers the capital they lack in paper
money and to buy all the depreciated commodities at their old nominal
I would not say that it would be the only way -- just the conventional way.
What strikes me is that Japan has almost been able to tread water for a
decade and possible could be able to ride to recovery on the next world
upswell. One interesting factor is that the capital stock of Japan is aging
Doesn't that create a problem for your--and Michael's--argument that the
only way out of a crisis (e.g., in Japan right now) is to liquidate real
estate, liquidate labor, etc., as Andrew Mellon used to say?
Edwin (Tom) Dickens
I'm not Doug, but I thought the point was that Marx was wrong,
Tom wrote:
You quote Marx's explanations of financial crises in terms of a flight from
financial assets, including fiat monies, to gold. What are the
implications of the fact that this did not occur for the relevance of Marx
to understanding recent financial crises?
I don't know about Ted's
quoth Krugman from today's NY TIMES: The most likely scenario is that the
trade deficit will eventually be reined in by a decline in the
foreign-exchange value of the dollar. The great dollar slide of 1985-87,
precipitated by a trade deficit that was actually smaller compared with
G.D.P. than
Ted,
You quote Marx's explanations of financial crises in terms of a flight from
financial assets, including fiat monies, to gold. What are the
implications of the fact that this did not occur for the relevance of Marx
to understanding recent financial crises?
Edwin (Tom) Dickens
Conditions (and people) now are not the same as conditions (and people) then
(a point to which, as I've said, Keynes himself gave great emphasis in
warning against the dangers of uncritically concluding that what happened in
the past is a good guide to what will happen now and in the future).
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