Jurriaan Bendien writes, among other things:
When you survey these right-wing think-tanks, you are struck by how
shoddy, banale, vulgar, and unscholarly their arguments and so-called
research mostly are. It is a veritable psychopathology of projection,
whereby you whinge that your opponents
Max Sawicky writes:
Coase is unradical in the sense of recognizing hierarchy
but not power. There is an efficiency rationale for
the size or scope of a firm -- economizing on a bundle
of transactions -- but this does not answer the question,
who gets to be 'coordinator'? Coase takes
Michael Perelman writes:
Exactly. Why is it the responsibility of the rate payers to bail out the
share holders? Are the corps. willing to lower rates when profits are
flush?
We discussed this two years ago. The responsibility of the rate payers was to pay a
sufficient amount for
Michael Perelman writes:
Do lawyers really limit transactions costs. I thought that they maximized
billable hours.
If we didn't add value, why would we be hired?
David Shemano
Justin asks:
This isn't to say that the incentive Michael talks
about doesn't exist. Btw, David, are you a litigator
or a transactional lawyer?
I am a corporate bankruptcy lawyer, which is primarily transactional, but involves
litigation in the sense that Bankruptcy Court approval is
Justin writes:
This isn't to say that the incentive Michael talks
about doesn't exist. Btw, David, are you a litigator
or a transactional lawyer?
I am corporate bankruptcy attorney, which is primarily transactional but involves
litigation in that Bankruptcy Court approval is required for
Michael Perelman writes:
One question that intrigues me is the class nature of bankruptcy. PGE
seems to be coming out of bankruptcy smelling like a rose. WorldCom and
Enron seem to get quite lenient rulings lately. I confess that I am not
an expert and would like to see such companies get
Jim Devine writes:
weren't the bankers consciously taking a risk by lending to Enron? if they're
automatically bailed out, doesn't that encourage moral hazard, i.e., a willingness
to
lend to similar miscreants?
You are being loose in your language. Who is arguing that they should be bailed
Kenneth Campbell writes:
But, more respectfully, what is the value you provide outside the
parametres for business collection upon failure (and how is that
different than Repo Men)?
Aren't bankruptcy lawyers merely administrators in a system? That is, no
productive value? Merely moving
One more thought on the value of lawyers. The following is from the Reason magazine
interview of Coase:
Reason: People are very excited that transactions are taking place much more
efficiently than ever before through new electronic means and better communication
systems. Are you excited
Max Sawicky writes:
Coincidently I'm reading Oliver Williamson at the moment,
whose existence and inspired lit debunks your assertion.
Transactions costs can make hierarchy (the firm) more economical
than market exchange.
I am not sure I understand the significance of this. If I want to
Jim Devine writes:
I don't think it suggests a critique of NC economics (except maybe for the fact
that it
took so long for NC economics to accept the idea of transactions costs).
The significance for NC economics is that it means that there are many places where
the pure market exchange
Michael Perelman writes:
very interesting, but this sort of crap did not interest the right wing
when Blacks were moved out.
Give me a break. It wasn't the right-wing that supported urban renewal in the
post-WWII era. A staple of conservative book lists used to be The Federal Bulldozer:
A
Michael Perelman writes:
David, I don't know what sort of break you want. I doubt that anyone here
supported the old Urban Renewal programs. I always heard them referred to
as Negro Removal. If you mean that they were Great Society programs they
were, but I think that all of us viewed them
In addition to this list, I receivethe Strauss list, which is
maintained at Yahoo Groups. I have also read quite a bit of Strauss.
Strauss took Marx very seriously as a philosopher. One of his books, On
Tyranny, contains an exchange of letters with Alexandre Kojeve regarding, among
In addition to this list, I receivethe Strauss list, which is
maintained at Yahoo Groups. I have also read quite a bit of Strauss.
Strauss took Marx very seriously as a philosopher. One of his books, On
Tyranny, contains an exchange of letters with Alexandre Kojeve regarding, among
other
A couple of random responses:
1. The difference between Strauss and Straussians is a major topic of
discussion on the Strauss list.
2. I am not claiming that Straussians have a monopoly of interest in
the contemporary relevance of the ancients. However, I think a fair review
of the
Title: RE: [PEN-L] Straussians
BTW, I should have mentioned that though the vast majority of pen-l would agree with Jahn's manifesto, David Shemano would not. ;-)
I would definitely get rid of Puerto Rico. I would keep the Virgin
Islands, Samoaand Guam.
Everybody knows the moon
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