Any ideas on this??
On Some Common Macroeconomic Fallacies
(http://www.attac.org/fra/toil/doc/ideas01.htm)
by Prabhat Patnaik
Published in collaboration with IDEAS
[IDEAs has been established with the purpose of building a pluralist network
of heterodox economists engaged in the teaching,
Last week it was reported that Hilton hotels were selling their buildings
and land to a Scottish banking group and leasing them back.
Sounds like a good way of getting capital 'up-front' by companies. It's
effectively a mortgage.
As for comments that this will reduce debt ratios - I'm not so
Yes there will be that tendency [loss of monetary freedoms forcing
capitalist austerity] but I guess it will not be as undiluted.
Assuming Stoiber wins in September in Germany he will certainly go in this
direction but how far? Social/christian democratic assumptions run deep in
Germany. Note
Your argument, in short, is that progressive, perhaps even critical, support
for the EU project is necessary to counter the growth of US hegemony and
that this is more true to the spirit of Lenin than blindly quoting him *out
of context*. I am sure that Louis properly understands this
This is the plane on which this discussion needs to proceed. There are
contradictions, that's why I have spent a while replying. I just don't think
that they lie at the point where you are making the call.
First, you support British entry into the Euro. Aside from it's short-term
benefits to
All his stuff is very analytical. His big book is Against Capitalism
(Westview 1996). He has a forthcoming book called Beyond Capitalism that
will be shorter and take into account subsequent criticisms. He has a lot of
papers discussing aspects of the model, for example, in an a Bertell Ollman
All his stuff is very analytical. His big book is Against Capitalism
(Westview 1996). He has a forthcoming book called Beyond Capitalism that
will be shorter and take into account subsequent criticisms. He has a lot of
papers discussing aspects of the model, for example, in an a Bertell Ollman
Sé: If the world economy is heading to a period of deflation, then I'm
not convinced that the sort of spend that Brown has promised will be
sufficient.
Karl: I cannot subscribe to your argument. Even if Brown were to increase
state spending by a putative sufficient amount it would not
Karl,
I think we agree on the fundamentals so will get stuck in to the detail.
Karl: I cannot subscribe to your argument. Even if Brown were to increase
state spending by a putative sufficient
amount it would not necessarily led to real economic growth.
Effectively, you are denying the
I'm glad that Chris has responded to the criticisms of his article. I was
about to level a serious broadside on the subject, but then remembered how
the EU brought Britain the Social Chapter, despite the Tory's wrangling. I
just didn't feel up to proposing a thought-out position on Europe -
The article on Keynes was thought-provoking. I think that Brown is indeed a
neo-Keynesian from a liberal/social democratic background. Most of what he
seems to do is in keeping with Keynes' remedies.
However, Keynes' prescriptions are no panacea. Pre-War Spending in the US
and in Europe to
I am sorry that my initial question on market socialism made Justin Schwartz
leave the mail group. I didn't want that.
I have to say I found the discussion on the subject interesting and I may
get back with a few more questions when I get through all the posts.
The arguments over *reform*
Justin,
I have set that assumption (that I support the development of a MS type
economy) in a particular context. I would be happy to see things go further
but just can't see that around the corner given the state of the left across
the world.
Schweichart: he looked to the Jugoslavian
Justin,
I have set that assumption (that I support the development of a MS type
economy) in a particular context. I would be happy to see things go further
but just can't see that around the corner given the state of the left across
the world.
Schweichart: he looked to the Jugoslavian
I'm afraid my knowledge of Schweickart is largely second-hand. Can you
perhaps list some of his most useful writings? Just a few as I am seriously
curtailed in regard to time and realistically would only have time to read
two or three. The more analytic the better.
My 'non-distributing
Martin,
My apologies for my ignorance.
It seems I'm not a market socialist after all, jks. Please forgive my
treachery - I cannot abide the profit motive - I thought a market socialist
believed in the market as a central means of determining economic
development. My mistake. Will read the
I am new to this list. I wanted to introduce myself. I look forward to
learning much on the subject of progressive economics. I have a certain
amount of experience so I may eventually make a little contribution after
finding my feet.
To start, let's assume that I am a market socialist with a
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