Just what is a *unit* of information, anyway?
A sentence, a hypothesis, a theory-paradigm?
The notion that we can apply marginalism to
any of these questions just seems silly.
Ian
First of all, we are in agreement here. Indeed, this was what
Michael was claiming as well if my reading of
In this highly significant review,Chris Patten, EU commissioner for
external relations, praises Will Hutton with faint criticism, and does
everything to promote sales of the book.
Note the tone of friendly badinage from a former chairman of the British
Conservative Party, who, like Will
G'day Ian,
Just what is a *unit* of information, anyway? A sentence, a hypothesis,
a theory-paradigm? The notion that we can apply marginalism to any of
these questions just seems silly.
This is exactly how scientists attack Dawkins' 'meme'. Is a pair of
flared trousers one meme or a
On 2002.05.24 07:07 AM, Sabri Oncu [EMAIL PROTECTED] wrote:
Ian writes:
If knowledge is power which it is, then the
whole point of the firm is to make sure that
prices don't go to marginal costs. Knowledge
can't be free in physical sense, how could it
be so in a price theory sense?
I
At 16:44 23/05/02 -0700, Eugene Coyle wrote:
Robert, I haven't read your article but will make an effort to find it.
A better article might be the one I did for the Pennsylvania Economic
Association, which I can send you via attachment:
Political and Social Economics: A Framework and Some
May 24, 2002/New York TIMES
America the Scofflaw
By PAUL KRUGMAN
Early in the Reagan administration I spent a year on the staff of the
Council of Economic Advisers. While there I got a disillusioning look at how
economic policy is really made. But one favorable surprise was how seriously
U.S.
BUREAU OF LABOR STATISTICS, DAILY REPORT, MONDAY, MAY 20, 2002:
Unemployment rates increased in 23 states in April and decreased in 20
states and the District of Columbia, according to Bureau of Labor Statistics
reports. The unemployment rate in seven states remained unchanged from
March.
BUREAU OF LABOR STATISTICS, DAILY REPORT, TUESDAY, MAY 21, 2002:
With a stock market bust, a recession that wiped out almost two million
jobs, and the terrorist attacks of Sept. 11, Americans would seem to have
plenty of reasons to worry about a diminished future. Instead, they have
emerged
Jim asked how I would teach, instead of neo-classical micro.
I've asserted that neo-classical is a story. A story, propaganda,
designed and intended to subjagate.
right, though I don't think it was designed as much as happened: a bunch
of folks really like the calculus and other math and
BUREAU OF LABOR STATISTICS, DAILY REPORT, WEDNESDAY, MAY 22, 2002:
First-quarter layoffs by big employers, affecting 301,200 workers, were at
their lowest level since the third quarter of 2000, says the Bureau of Labor
Statistics. Layoffs fell among information and transportation workers and
BUREAU OF LABOR STATISTICS, DAILY REPORT, THURSDAY, MAY 23, 2002:
New claims for U.S. unemployment benefits fell by 9,000 in the latest week,
but remained stubbornly high with a slowly improving economy failing to
translate into job growth. The level of initial claims for state benefits,
which
A bigger problem with a unit of information over and above measuring it is
determining its production function. Who invented the computer? It was
a long process that drew upon many areas of science. Many people were
involved.
--
Michael Perelman
Economics Department
California State
Of course, it was.
On Thu, May 23, 2002 at 11:23:56PM -0700, Sabri Oncu wrote:
Now, maybe this is not what exactly Michael had in mind but hey.
Sabri
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
RE
or with Mayo Toruno's book.
The second edition of Mayo's book, The Political Economics of Capitalism,
will appear in the not-too-distant future. It will be published by Atomic
Dog Press.
http://www.atomicdogpublishing.com/home.asp
Eric
Title: Bulk Email
60 Million Email Addresses on Cd
The email addresses come in easy to use text format and have been split into many files for ease of use. Email addresses from each country and the major domains have been sorted and placed into their own easily identifiable files.
The lists
(On the Internet and at left-academic conferences, there is endless
discussion of the feasibility or non-feasibility of socialism based on
criteria having to do with economic efficiency, the imperative to avoid
grand narratives, constraints imposed by globalization or Empire,
etc. When you read
A movie version of H. Melville's short story, Bartleby the Scrivener, will
appear this weekend. The story appears online at
http://www.bartleby.com/129/ and other places.
The story involves an employee who refuses to work and who refuses to be
fired. His employer is not entirely sure what to do
Kmart accused of lying
Whistleblowers claim execs misled and accountants knew
By Karen Talaski and David Shepardson / The Detroit News
TROY -- An anonymous letter that launched a federal investigation of Kmart Corp. in
January alleges that former top Kmart executives made questionable
Wall St. analysts targeted
30-state task force probes allegations of conflicts of interest
By Michael Gormley / Associated Press
http://www.detroitnews.com/2002/business/0205/24/b03-497998.htm
ALBANY, N.Y. -- Securities regulators from 30 states have joined a task force
investigating
Eric and others,
Here is another movie you may find interesting. Whether to
encourage or discourage your students to watch it is up to you.
Best,
Sabri
http://www.suntimes.com/ebert/ebert_reviews/1999/02/021903.html
Peter: Ron Livingston
Joanna: Jennifer Aniston
Milton: Stephen Root
Bill
For those of you who are wondering who Perelman is, here is some
info.
Best,
Sabri
++
Perelman Lucky to Have Citigroup
Commentary. David Wilson is a columnist for Bloomberg News. The
opinions expressed are his own.
By David Wilson
Princeton, New Jersey, May 24 (Bloomberg)
Sabri, it is bad form to hang my dirty laundry out in public. Ellen
Barkin and I will not invite you over for dinner any more.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
miychi sent the quote from Marx, below. Greenspan's analysis of productivity
in the new economy reads something like Marx, does it not?
Gene Coyle
A radical change in the mode of production in one sphere of industry
involves a similar change in other spheres. This happens at first in such
http://www.thenation.com
FEATURE STORY | June 10, 2002
Rebel With a Cause
by EYAL PRESS
Joseph Stiglitz is--as usual--running late. It is nearing 2:30 pm on a
sunny afternoon in New York City and Stiglitz, an economist at Columbia
University, is standing on the corner of 103rd Street and
Robert,
Thanks for being so gracious in your reply to my not so gracious post.
And, yes, do send me your article -- off list probably is better -- by reducing
the volume for others. The framework for keeping track of assumptions sounds
useful.
There was a good 10 page summary of the
Jim,
I've said about all I can say -- I think our disagreement
comes down to this: I think it is a mistake to give any ground, any
voice at all, to neo-classical micro. If I am not misinterpreting
you, you think that after beginning with neo-classical a critique can be
crafted that will put
Brad did not know about Schumpeter?
Eugene Coyle wrote:
Of course, NC economics allows for ANYTHING. Every time a hole in
logic or absurd assumption is raised, the reply is Well, yes, but ...
and then a new wrinkle is trotted out to preserve the
story/propaganda for another generation.
The Japan Times: May 25, 2002
Banks' bad loans increase 47% to record 27 trillion yen
Despite coughing up a record 7.57 trillion yen to cover credit costs,
Japan's major banks were unable to make a dent in the size of their bad
loans, which shot up 47.4 percent from a year earlier to a record
-clip-
The immediate threat is that other nations will strike back; the European
Union has threatened retaliatory tariffs, and earlier this week Japan,
Brazil, South Korea and China said they would follow suit. (Mr. Bush really
has unified the world, at least on this issue.) But as a wise trade
Eugene C
wrote,
DeLong is doing a new wrinkle now (new to
him, apparently) with the discovery that monopoly and
discriminatory pricing is good for society.
These people cannot be topped or stopped -- only ignored by us.
The topic of price
discrimination--in the context of the
I am working my way through this comic book based on Joe Sacco's
encounters with various Palestinian individuals and families during
the first intafada. To call it a comic book hardly does it justice,
although in a technical sense that's what it is. Sacco, who I've
never heard of before this
Gene
says: I've said about all I can say -- I
think our disagreement comes down to this: I think it is a mistake to give
any ground, any voice at all, to neo-classical micro.
I
don't believe in compromising with NC economics. But I don't think that some
theories that are identified as
Well my question may be been naively stupid, but I nevertheless got
some very interesting responses. Thank you all very much. I did read
Michael's book on the information age, but he doesn't really go into
the implications for Marxian value theory explicitly, that is all. My
thought was that if
Michael wrote:
Sabri, it is bad form to hang my dirty laundry
out in public. Ellen Barkin and I will not
invite you over for dinner any more.
Michael,
I heard wonderful stories about Ellen's and your dinners. I
immediately withdraw my original post. Please accept my
apologies. It was a
Louis,
While I am very sympathetic to your point of view in this regard, I
would say there is - going by past experience - no guarantee that
socialism would necessarily mean an end to war, unless you mean by
socialism an end to war, in which case we are dealing with a
tautology. Given the
This article is relevant to our debate on NC econ. in the sense that both
Stiglitz and Akerlof both had to go to the LDC's to discover that
something was amiss with NC econ.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL
Coca Cola tested dynamic pricing. So did Amazon[sort of -- it
was using different prices for different customers], but it got
slammed.
Eric Nilsson wrote:
Eugene C wrote, DeLong is doing a new wrinkle now (new to
him, apparently) with the discovery that monopoly
anddiscriminatory pricing
The Hindu
Thursday, May 23, 2002
Russian army told to forage for food
By Vladimir Radyuhin
Moscow MAY 22 . Despairing of getting any financing from the empty state
coffers the Russian Defence Ministry has advised its servicemen to take the
matter of their survival into their own hands to
Jurriaan, as I mentioned yesterday, Marx's category of universal labor is
relevant here -- if you want to work within value theory. I think the
more relevant material is the Grundrisse around p. 700, where he explains
why value theory [which is merely an analysis of how capitalism works]
becomes
On Sat, 25 May 2002 01:29:24 +0200, Jurriaan Bendien wrote:
While I am very sympathetic to your point of
view in this regard, I would say there is
- going by past experience -
no guarantee that socialism would necessarily
mean an end to war, unless you mean by
socialism an end to war, in which
Sabri
I want to add Marx's early article. Please read this
The natural sciences have developed an enormous activity and have
accumulated an ever-growing mass of material. Philosophy, however, has
remained just as alien to them as they remain to philosophy. Their momentary
unity was only a
reads like Humean instrumentalism to me.
Ian
- Original Message -
From: "miychi" [EMAIL PROTECTED]
To: "pen l galaxy.csuchico.edu" [EMAIL PROTECTED]
Sent: Friday, May 24, 2002 7:04 PM
Subject: [PEN-L:26318] On natural science
Sabri
I want to add Marx's early article.
imagine my surprise to find out that in Star Wars Episode 2, Jar Jar Binks
is a Senator! well, it could be worse. He could be Phil Gramm...
JD
Michael P wrote,
Coca Cola tested dynamic pricing. So did Amazon[sort of -- it
was using different prices for different customers], but it got
slammed.
Amazon tried to say they were not really doing dynamic pricing as the prices
people faced were random. But the fact that the prices were
Coke tried it in Japan, I believe.
You might also look at Borenstein, S. and A. Shepard. 1996. Dynamic
Pricing in Retail Gasoline Markets. Rand Journal of Economics 27,
429-451.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail
- Original Message -
From: Devine, James [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Friday, May 24, 2002 8:30 PM
Subject: [PEN-L:26320] Jar Jar
imagine my surprise to find out that in Star Wars Episode 2, Jar Jar
Binks
is a Senator! well, it could be worse. He could be Phil
- Original Message -
From: Sabri Oncu [EMAIL PROTECTED]
First of all, we are in agreement here. Indeed, this was what
Michael was claiming as well if my reading of this sentence from
his post is not wrong:
Information creates more problems for
traditional economic theory.
Let
On 2002.05.25 08:29 AM, Jurriaan Bendien [EMAIL PROTECTED] wrote:
Louis,
While I am very sympathetic to your point of view in this regard, I
would say there is - going by past experience - no guarantee that
socialism would necessarily mean an end to war, unless you mean by
socialism an
On 2002.05.25 00:30 AM, Louis Proyect [EMAIL PROTECTED] wrote:
(On the Internet and at left-academic conferences, there is endless
discussion of the feasibility or non-feasibility of socialism based on
criteria having to do with economic efficiency, the imperative to avoid
grand narratives,
I don't think it is economic deprivation that is the cause of the Kashmir
problem per se. As an Indian citizen I am not allowed to own land in
Kashmir, meaning the rest of India subsidized Kashmir (and I suppose Jammu)
so as to placate the Kashmiris, the ruling class and its minions. Prior
to
Hotels, airlines, universities -- all price discriminate.
Gene Coyle
Michael Perelman wrote:
Coke tried it in Japan, I believe.
You might also look at Borenstein, S. and A. Shepard. 1996. Dynamic
Pricing in Retail Gasoline Markets. Rand Journal of Economics 27,
429-451.
--
Michael
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