- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Sunday, August 18, 2002 3:07 PM
Subject: [PEN-L:29587] Re: Re: Stiglitz
Ian's reference to the Bhagwati article was interesting. I agree
with
Bhagwati about TRIPS and appreciate his
I'd like to thank Max for his forbearance and good manners.
Thank you, Max.
Mark
At 13/08/2002 16:16, Max wrote:
I am delighted to announce that Mark Jones, after some
delay due to circumstances beyond his control, is
redeeming his debt to me for a case of lagavullin.
It may be recalled that
Devine, James wrote:
One of the first articles I read by Chomsky was in the San
Francisco-based journal SOCIALIST REVOLUTION (now called Socialist
Review, if it still exists)
It's morph'd into Radical Society
http://www.tandf.co.uk/journals/titles/14760851.html, whose
premiere issue is out,
Re::Stiglitz interview_Character of PRC by Ulhas Joglekar 20 August
2002 01:15 UTC
Hari Kumar: (1) It is true that the COMPRADOR capital was
expropriated:
ULHAS: What is comprador capital in contemporary capitalism? We know
productive capital, industrial capital etc. from their place in the
Yoshie Furuhashi wrote:
[clip]
No mass political party and movement = no theory and no strategy.
Activism for the sake of activism, lacking in theory and strategy, is
inevitable under the current conditions of TINA.
A ghostly presence in marxist practice ( over the last 35 years has been
Hari wrote:
Yoshi: Your stats are interesting. But certainly my reading is that
while there are more workers/children of workers in higher education -
they are still the tip of the iceberg. Interestingly enough Michael
Zwieg agrees with your overview:
There seems to be relationship at all
Title: PK endorses populism?
from Paul Krugman's NY TIMES column today:
What are the political implications? When Al Gore wrote an Op-Ed
article condemning the elitist policies of the Bush administration,
pundits - and many Democratic politicians, including his former running
mate - jumped on
Title: RE: [PEN-L:29632] Re: Re: Stiglitz
what is the Scholastic Jubilee?
If Stiglitz is calling for scrapping the IMF maybe it's time to
revive Peter Dorman's suggestion of the Stochastic Jubilee; clearly
it would appeal to the more radical denizens of information
I am only guessing, but Jubilee probably refers to the Biblical practice
of forgiving debts every seven years, and Stochastic probably means that
it would happen at random intervals, rather than at preordained seven-yearly
ones. On the whole, I feel that Stiglitz, Krugman et al, might be a
Devine, James wrote:
I doubt that PK is really endorsing Jim Hightower-type populism, but
it's notable that he's breaking with the IMF-type view that populism is
a dirty word.
In a Fortune column in 1999, PK said that Sweden in 1980 would have
been his social ideal. That's more than your usual
Title: character of PRC
[was: RE: [PEN-L:29624] RE: Re: Stiglitz interview_Character of PRC]
Thanks for the detailed exposition. Two points:
a) it's true that capitalism wasn't abolished in England, but the reforms weren't fictitious. The social-democratic managment of capitalism did
Title: RE: [PEN-L:29635] Re::Stiglitz interview_Character of PRC
Hari writes:
I suggest that the term [comprador bourgeoisie] is still meaningful. [Even despite the increasingly 'narrow' stage on which national capitalists can play in today's even more inter-penetrated world]. It describes
Title: RE: [PEN-L:29641] Re: PK endorses populism?
Devine, James wrote:
I doubt that PK is really endorsing Jim Hightower-type populism, but
it's notable that he's breaking with the IMF-type view that populism is
a dirty word.
Doug says:
In a Fortune column in 1999, PK said that Sweden
Ian asked what is the perfect vessel on leftist politics? She does not
yet exist, but it is the standard we use for judging others.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
At 11:02 AM -0400 8/16/02, Ben Day used the term:
the ivory tower
For reasons that I have already mentioned (with Census Bureau stats
to support them), I think that the phrase the ivory tower should be
retired. The plastic tower or the plaster-of-paris tower, perhaps,
but no ivory. Higher
Sweden is the liberal mainstream ideal because it is
viewed as a place with relatively little market-distorting
policy and a reliance on tax and transfer mechanisms to
uphold social welfare.
mbs
Devine, James wrote:
I doubt that PK is really endorsing Jim Hightower-type populism, but
it's
At 09:26 AM 8/20/2002 -0400, Yoshie Furuhashi wrote:
http://nces.ed.gov/pubs2000/coe2000/section3/indicator38.html). So,
about 57% of young Americans are now getting some college education, and
the rate will continue to rise for some time.
I don't think 57% is right. The percentage of
Could someone explain what Stiglitz means when he speaks of an investment
overhang and how it is a problem? Or is it an investment hangover when the
champagne no longer flows and the bubbles burst?
Cheers, Ken Hanly
Hari Kumar wrote:
I suggest that the term is still meaningful. [Even despite the
increasingly 'narrow' stage on which national capitalists can play in
today's even more inter-penetrated world]. It describes for instance
the opponents of Chavez in the recent tussles in Venezuela. ie. Those
At 10:00 AM 8/20/2002 -0400, Doug Henwood wrote:
In a Fortune column in 1999, PK said that Sweden in 1980 would have been
his social ideal. That's more than your usual vaguely liberal technocrat
usually says. Where are his politics exactly?
Doug
You've gotta read his 1996 article for Slate,
Title: plastic vs. ivory
[was: [PEN-L:29647] Plastic Tower Re: Noam Chomsky and Hyperbolic comparisons]
It's my impression that the metaphor the ivory tower has always referred to only the elite professors at elite research-oriented universities, who were most cut off from reality. It's
Title: RE: [PEN-L:29649] Investment Overhang
I don't remember the context, but maybe he's referring to the overhang resulting from the over-investment of the late 1990s/2000 in the US (which is even mentioned in the official ECONOMIC REPORT OF THE PRESIDENT). That lead to excess capacity and
If one follows this line of thought one might well be led to some
extremely radical ideas about economic policy, ideas that are completely at
odds with all current orthodoxies. But I won't try to come to grips with
such ideas in this column. Frankly, I don't have the time. I have to get
back
but surprising that a significant media head should admit it. From the Press
Gazette (UK)
Cheers, Ken Hanly
CNN chief claims US media 'censored' war
By Julie Tomlin
Posted 15 August 2002 12:00 GMT
Golden: a reluctance to criticise
US news organisations censored their coverage of the US
Title: RE: PK endorses populism?
Ben:[paraphrasing PK's possible thoughts] If one follows this line of thought one might well be led to some extremely radical ideas about economic policy, ideas that are completely at odds with all current orthodoxies. But I won't try to come to grips with
Devine, James wrote:
My impression (at a long distance) is that PK is happy with the role
of as a pundit for the newspaper he's always admired. I would guess
that (on a semi-conscious level) he imagines himself as the next
Keynes, writing essays in persuasion and leading a new policy
My impression (at a long distance) is that PK is happy with the role of
as a pundit for the newspaper he's always admired. I would guess that (on a
semi-conscious level) he imagines himself as the next Keynes, writing
essays in persuasion and leading a new policy revolution...
Oh yeh
Title: faux feminism in Afghanistan
Under a veil of deceit
The west voiced concern for Afghan women under the Taliban - but we deport them when they end up here
Gary Younge
Monday August 19, 2002
The Guardian [U.K.]
When Sojourner Truth took to the dais at the women's convention in
Max B. Sawicky wrote:
Sweden is the liberal mainstream ideal because it is
viewed as a place with relatively little market-distorting
policy and a reliance on tax and transfer mechanisms to
uphold social welfare.
But they seriously interefere(d) with the labor market and created
one of the
Title: slaughter in Afghanistan
Somehow, this didn't show up in the L.A. TIMES:
UN evidence of Taliban massacre
Leaked report says 960 died in sealed containers
David Teather, New York
Monday August 19, 2002
The Guardian
The UN has gathered enough evidence to begin a criminal
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- Original Message -
From: Yoshie Furuhashi [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, August 20, 2002 6:26 AM
Subject: [PEN-L:29637] No Brains, No Revolution Re: Who Make the
revolution?
Hari wrote:
Yoshi: Your stats are interesting. But certainly my reading is
that
Ian Murray wrote:
-
You forgot partying.:-)
This may be an instance of offering as an explanation what in fact is
itself in need of explanation. Why should there be so much more binge
drinking, for example, in the last 20 years than in the 1940s? 1950s?
I.e., Partying
This may be an instance of offering as an explanation what in fact is
itself in need of explanation. Why should there be so much more binge
drinking, for example, in the last 20 years than in the 1940s? 1950s?
for the same reason that a dog licks its bollocks?
(apologies to all; this message is
Carrol Cox wrote:
I.e., Partying doesn't really explain anything. Rather, it is something
to explain.
I think this can be expanded to cover another recent thread on either
pen-l or lbo -- a discussion of stupidity (ref., I think, IMF
bureaucrats or Neoclassical economists in general).
- Original Message -
From: Carrol Cox [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, August 20, 2002 9:18 AM
Subject: [PEN-L:29663] Re: Re: No Brains, No Revolution Re: Who Make
the revolution?
Ian Murray wrote:
-
You forgot partying.:-)
This may
Title: re: stupidities
[was: RE: [PEN-L:29665] Re: Re: Re: No Brains,No Revolution Re: Who Make the revolution?]
Carrol Cox wrote:
I think this can be expanded to cover another recent thread on either
pen-l or lbo -- a discussion of stupidity (ref., I think, IMF
bureaucrats or
Yes.
There was a Brookings book on Sweden some time ago
that motivates their outlook. I don't remember what
it said about LM mgmt.
max
Max B. Sawicky wrote:
Sweden is the liberal mainstream ideal because it is
viewed as a place with relatively little market-distorting
policy and a
The Brookings book was quite critical of Sweden, proposing a strong dose
of neo-liberalism. Even Richard Freeman was not altogether positive about
Sweden.
On Tue, Aug 20, 2002 at 12:31:11PM -0400, Max B. Sawicky wrote:
Yes.
There was a Brookings book on Sweden some time ago
that motivates
The Brookings book was quite critical of Sweden, proposing a strong dose
of neo-liberalism. Even Richard Freeman was not altogether positive about
Sweden.
Social democracy in Sweden was not achieved through piecemeal, legislative
baby steps. It came as a result of a general strike in the
Devine, James wrote:
response: in my experience (which is more than 20 years old), he's a
technocratic liberal. I remember from his discussions of New York
City (the suburbs of which produced him) that he doesn't like
popular participation in politics.
That's what I would have guessed, but
ken hanly wrote:
Could someone explain what Stiglitz means when he speaks of an investment
overhang and how it is a problem?
After an investment boom there's too much capital equipment to use
profitably, and it has to get worn out before new investment can
start again.
Doug
Title: RE: [PEN-L:29671] RE: Re: PK endorses populism?
Devine, James wrote:
response: in my experience (which is more than 20 years old), he's a
technocratic liberal. I remember from his discussions of New York
City (the suburbs of which produced him) that he doesn't like
popular
Yes, but it did not remain militant. Many of its leaders were devout
Christians, and not particularly sympathetic to Marx. I also think that
it did come about in baby steps, even though the strike was very
important. Also, I think that it was evolved into a general strike, but I
am on shakey
Ian Murray wrote:
--
Jokes do not explain and all attempts to explain how jokes work have
failed. Damn! :-)
Actually, I got the joke -- but it triggered a question I had pondered
in the past.
Not ony do jokes not explain (at least in e-mail) but responses don't
include the
I have been very impressed with the way Japan had buffered its
deflation. Some time ago, however, we had a Japanese participant who
gave us detailed information indicating the the statistics were a bit
misleading, especially with respect to the conditions of labor.
--
Michael Perelman
At 10:58 AM 08/20/2002 -0400, you wrote:
I don't think 57% is right. The percentage of high-school graduates
enrolled in college for the subsequent year was at a high of 67% in 1997,
and over 60% ever since (see ftp://146.142.4.23/pub/news.release/hsgec.txt
for latest figures), and the
(Has anyone ever been to a
Mensa meeting?)
No, but when I was a state park ranger, they were having some kind of
annual meeting at the conference grounds where I worked. I have never, in
my entire life, met a group of people that were more rude and pathetic
than these Mensa geeks.
Joanna
Title: RE: [PEN-L:29678] Re: re: stupidities
(Has anyone ever been to a Mensa meeting?)
No, but when I was a state park ranger, they were having some kind of annual meeting at the conference grounds where I worked. I have never, in my entire life, met a group of people that were more rude
(I plan to say much more about some of the questions addressed below in a
review of Robert Biel's groundbreaking The New Imperialism. For the time
being, I want to focus in one question posed by the article's observation
that Though they do not entirely reject the macroeconomic policies of the
[EMAIL PROTECTED] 07/29/02 12:17PM
Do state and the federal govt. pay property taxes to local governments in the US? Or,
do they pay a grant in lieu of property taxes (as in Canada), and if so, is it
included under property tax revenues (as in Canada), or under intergovernmental
transfer
- Original Message -
From: Louis Proyect [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, August 20, 2002 10:47 AM
Subject: [PEN-L:29680] Esther Duflo
==
http://econ-www.mit.edu/faculty/eduflo/index.htm
On Tue, Aug 20, 2002 at 01:47:45PM -0400, Louis Proyect wrote:
postmodernism and Duflo's fascination with smaller initiatives.
This brings us back to Stiglitz. Quite some time ago, I got the
impression that the two most creative younger economists were Stiglitz and
Summers, both of whom
[EMAIL PROTECTED] 08/20/02 09:26AM
The quality of some college education, even the quality of some
four-year college degrees, is rather questionable. What many
four-year institutions offers in the USA (and an increasing number of
nations), to say nothing of community colleges, has come to
It's still a minority of the US working class who receive four-year
college degrees, given poor retention rates (primarily due to a
combination of high tuition, students' need to combine study, work,
and family obligations, and poor preparation given to them in
separate and unequal
At 09:26 AM 8/20/2002 -0400, Yoshie Furuhashi wrote:
http://nces.ed.gov/pubs2000/coe2000/section3/indicator38.html).
So, about 57% of young Americans are now getting some college
education, and the rate will continue to rise for some time.
I don't think 57% is right. The percentage of
Bush to Meet with Advisers Amid Iraq Speculation
Mon Aug 19, 1:57 PM ET
By Adam Entous
CRAWFORD, Texas (Reuters) - President Bush ( news - web sites)
will meet at his Texas ranch on Wednesday with his top national
security advisers, including Vice President Dick Cheney ( news -
web sites) and
Title: chicken hawks
See http://www.nhgazette.com/chickenhawks.html for a list of major US war-hawks who chickened out of military service.
[I didn't serve either. My student deferment became a high lottery number deferment. I would have gotten a 4-F (physical disability) for my bad knees,
At 03:47 PM 08/20/2002 -0400, you wrote:
About 66% of high school graduates get some college education, but not
everyone graduates from high school. Counting the high school dropout
rate, it's about 57% of young Americans who get some college education.
Big numbers can tell big lies. In
Title: RE: [PEN-L:29627] Japan
the article below says:
In that time, stocks have collapsed by 70%, land prices by 80% and
golf-club memberships (an important gauge of business activity) by
90%.
is there time-series data for golf-club membership for the U.S. My hypothesis is that it's
Title: RE: [PEN-L:29627] Japan
But there is another difference that is potentially more worrying
for the global economy. Japan is the world's greatest creditor
nation, whereas the United States is the biggest debtor.
Even during the past 12 years of stagnation, Japanese savings have
In a message dated 8/20/2002 12:53:56 PM Eastern Daylight Time, [EMAIL PROTECTED] writes:
After an investment boom there's too much capital equipment to use
profitably, and it has to get worn out before new investment can
start again.
And in this particular boom, a tremendous amount of bond
I understand that there has been a terrible overbuilding of golf courses
in some parts of the country -- at least my father tells me that it has
happened in Florida. Country clubs are having difficulty in keeping a
sufficient membership. Jim Devine may have uncovered the crucial economic
But Keynes was not writing about open economies.
On Tue, Aug 20, 2002 at 02:14:01PM -0700, Devine, James wrote:
But one of the points of Keynesian economics is that if the economy is in
depression, there doesn't have to be a pre-existing pool of savings
available to borrow. The fiscal
Title: Re: plastic vs. ivory
At 8:35 AM -0700 8/20/02, Devine, James wrote:
It's my impression that
the metaphor the ivory tower has always referred to only
the elite professors at elite research-oriented universities, who were
most cut off from reality.
When leftists hear the words colleges
What do you think about this claim? It seems correct to me. Now
you cannot say anything to an economist without producing a
model.
George A. Akerlof. 2002. Behavioral Macroeconomics and
Macroeconomic Behavior. American Economic Review, 92: 3 (June):
pp. 411-33.
413: Prior to the early 1960s,
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, August 20, 2002 2:52 PM
Subject: [PEN-L:29696] Akerlof's Nobel Lecture
What do you think about this claim? It seems correct to me. Now
you cannot say anything to an economist without
Trade Deficit Still 2nd Biggest
By Martin Crutsinger
AP Economics Writer
Tuesday, August 20, 2002; 8:51 AM
The U.S. trade deficit narrowed only slightly in June to $37.2
billion, still the second biggest deficit on record, as an improving
economy pushed demand for imports to the highest level
At an Economics and Sociology conference at Stanford a couple years ago,
a grad student had written a paper on the Bahamas that argued that the
contemporary Bahamian economy should be viewed as a continuation of the
piracy economy of its past. Afterward in a small group chatting about
it with
Michael Perelman wrote:
I understand that there has been a terrible overbuilding of golf courses
in some parts of the country -- at least my father tells me that it has
happened in Florida. Country clubs are having difficulty in keeping a
sufficient membership. Jim Devine may have
At 09:44 AM 08/21/2002 +1000, you wrote:
I do remember a chat we had on LBO a couple of years back concerning the
inverse relationship between ball-size and player-wealth. It'd be no
bad thing if a few thousand golf-courses were to go under in sympathy
with, um, the post-wealth effect, as golf
Joseph Stiglitz:
In short, Brazil has carved out a path for itself that is not based on
ideology or simplistic economics. Successfully charting its own course,
Brazil has created a broad consensus behind a balanced and democratic
market economy.
---
Robert Biel, The New Imperialism:
Brazil
What Sweden are we talking about? Sweden has been beset by liberal reforms
for more than a decade. Changes in the health care system are very much
towards a more quasi market system and exhibit the same penchant for
privatization cost-offloading through user fees etc.etc as other regimes.
The
At 08:45 AM 8/20/2002 -0700, Devine, James wrote:
Ben:[paraphrasing PK's possible thoughts] If one follows this line of
thought one might well be led to some extremely radical ideas about
economic policy, ideas that are completely at odds with all current
orthodoxies. But I won't try to come
rediff.com:
April 6, 2001
Admiral J G Nadkarni (retd)
Who cares if Soviet ships were new or old?
Obviously the three services and the ministry of defence are on a major
image mending exercise. Aided and advised by the media's elder statesman B G
Verghese, the army and navy recently held
At 03:47 PM 8/20/2002 -0400, Yoshie Furuhashi wrote:
I don't think 57% is right. The percentage of high-school graduates
enrolled in college for the subsequent year was at a high of 67% in 1997,
and over 60% ever since (see
ftp://146.142.4.23/pub/news.release/hsgec.txt for latest figures), and
20 August 2002 21:08 UTC.
YOSHIE: At 03:47 PM 08/20/2002 -0400, you wrote: About 66% of high
school graduates get some college education, but not everyone
graduates from high school. Counting the high school dropout rate,
it's about 57% of young Americans who get some college education.
At 08:35 AM 8/20/2002 -0700, Devine, James wrote:
[was: [PEN-L:29647] Plastic Tower Re: Noam Chomsky and Hyperbolic
comparisons]
It's my impression that the metaphor the ivory tower has always referred
to only the elite professors at elite research-oriented universities, who
were most cut off
FAX: 234-1-7591400
TEL:234-803-303-3572
LAGOS-NIGERIA
DEAR SIR/MA,
I GUESS THIS LETTER MAY COME TO YOU AS A SURPRISE
SINCE I HAD NO PREVIOUS CORRESPONDENCE WITH YOU.
I AM THE CHAIRMAN TENDER BOARD OF INDEPENDENT NATIONAL
ELECTORAL COMMISSION (INEC) I GOT YOUR CONTACT IN THE
COURSE OF MY
At 02:09 PM 8/20/2002 -0700, Devine, James wrote:
is there time-series data for golf-club membership for the U.S. My
hypothesis is that it's correlated with the rate of profit.
Probably - there is http://www.golf-research.com/ which claims to have
surveyed all U.S. golf courses, although most
80 matches
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