at.
Then the (predictable) results are used to support those assumptions as
policy guidelines.
Hope this helps.
Paul
on this point.
Paul
At 08:55 AM 7/31/2004 -0700, you wrote:
Shleifer is the editor; DeLong is gone. So the journal has become more
technical,
less topical. Its beauty, especially under Stiglitz, was that it could keep
non-specialists informed about different fields and truly offer different,
even
) then $500 in PPP would be like living on
that in the U.S.
Paul
Paul
On 8/7/2004 Mike Lebowitz wrote:
I
don't know anything myself about the way the PPP is constructed or the
neoclassical assumptions that Paul proposed were used. Intuitively,
though, it makes real sense to select the PPP measure (ie., something
that takes into account prices) over one using market
bother to try to produce this).
Of course Russia is maintaining much of its living standard by living off
its assets (and human skills) and this is another way that Gross National
Accounts don't capture living standards.
Paul
[See what happens with some encouragement - soon I'll be
overposting! I'll try to make this the last.]
1)Uhlas writes:
Paul was trying to show how PPP numbers
overstate the
economic growth in the developing countries. I am not
sure I understand how he has reached that conclusion.
For India, from
At 11:14 AM 7/27/2004 -0400, you wrote:
In relation to questions raised by Paul on HDI, etc, a friend has
directed me to a recent piece by Robert Wade in New Political Economy. I
assume it's in the following issue:
Thanks very much, I will look for it and will also try to comment a bit
Sorry, egg on my face.
At 12:04 PM 7/27/2004 -0400, you wrote:
At 11:14 AM 7/27/2004 -0400, you wrote:
In relation to questions raised by Paul on HDI, etc, a friend has
directed me to a recent piece by Robert Wade in New Political Economy. I
assume it's in the following issue:
Thanks very
Michael and Yoshie write:
Yoshie, you are not the only one that has been pestering Paul.
Michael Perelman
Paul, why don't you put together your notes on the PPP factor that
you've posted here and publish it as an article for the general
audience?
--
Yoshie
Many thanks, the encouragement is much
response.
Paul
. The press report
you posted referred to the global UNDP report. It prepares the HDI based
on the data received from the World Bank (for national accounts).
Paul
observation) that *only* the
non-PPP version appears.
Paul
of neo-classical trade theory
about the law of one price and free markets. But this ideological
reconstitution is now presented instead of the actual statistic (itself
often misused) AS IF it is the real number.
Hope I am not dragging this out.
Paul
Chris Doss writes (with related points from Daniel Davies and Ulhas Joglekar) :
--- Paul wrote: Is there any common cause with any of today's 3rd world
economic\political elite
(Malaysians? Brazilians? Koreans? Russians? Vietnamese?)?
---
Russia is not a 3rd world country.
Point taken
they have to
be treated at arms length - above all one has to look 'under the hood'.
Paul
source today?
Paul
Dmytri Kleiner wrote:
As I'm sure most of you have noticed US labour productivity has been the
talk of
the economics blog world of late.
..
I can't resist asking which ones you read or would reccomend. I am aware
of DeLong and Sawicky - any others that focus seriously on economics or
A delightfully gruesome and subtle joke...
--pb
speaking of the Saudis, they regularly behead murderers, etc. So the
beheading of captives by Iraqi insurgents isn't as shocking to
people in the Middle East as it might be to us Amurricans.
If Halliburton collects enough of the nubs, should it be
in the '50s which Jeffrey cites as an
influence in his support for social services in the 3rd world).
Paul
Sachs has always been basically a man of the left, and has been saying
sensible things about sovereign default fo longer than anyone else I can
remember (including me and Richard Portes). Perhaps
book (which I haven't
yet digested) seems to make a good starting point on some of this (a bit
more along Jim's lines than mine).
Paul
to that question is, it does _not_.
I suppose knowing about storm clouds for wars doesn't matter either,
although I don't recall any Marxist who didn't care about that issue.
Paul
*
Vol.21-Neoliberalism in Crisis, Accumulation
on this situation
http://search.csmonitor.com/search_content/0607/dailyUpdate.html
and Chronicle of Higher Ed at
http://chronicle.com/temp/email.php?id=91navlpqxhto7sw2b0afvm7hoxqnnei1
-Original Message-
From: Paul Zarembka [mailto:[EMAIL PROTECTED]
Sent: Tuesday, June 08, 2004 12:03 PM
(ibid., while your report p. 45, predicted 27-37 for 2000)
In sum, I don't understand the objection to this report of 1980.
A new book is Dale Allen Pfeiffer's book The End of the Age of Oil and a
major proponent of peak oil is http://www.fromthewilderness.com/ .
Paul
Anyone have a recommendation? I'm teaching it first time this fall and
prefer not having 'the market' and its wonders the reference point.
Thanks, Paul
*
Vol.21-Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's
vote, but I'm quite sure the opposition will claim fraud
if they lose the recall, just as they will claim fraud if the repair process does not
lead to a recall vote. So, the described preparations are as relevant for now or as
for mid-August.
Paul Z
/nick_berg_hypothesis.html
Paul Z.
*
Vol.21-Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's Legacy
RESEARCH IN POLITICAL ECONOMY, Zarembka/Soederberg, eds, Elsevier Science
** http
NEOLIBERALISM IN CRISIS, ACCUMULATION, AND ROSA LUXEMBURG'S LEGACY
Research in Political Economy, Volume 21, 2004, 298 pages
Editors: Paul Zarembka, State University of New York at Buffalo,
and Susanne Soederberg, University of Alberta
This volume explores overlapping themes in radical
The Reuters article is not so clear. The NY Times (below) has it closer:
The text itself is not publicly available because it was presented for
consultation and not tabled. Apparently no one is as outraged as they were
last year, when the US draft was leaked for publication.
As widely
don't,
drought, plague, starvation and war will do it for us.
Paul Phillips,
Economics,
University of Manitoba
Yes, Jim, although if as some are suggesting we shift from oil to coal,
the problem will get worse, not better. Furthermore, it does nothing to
solve the population pressure on other resources, in particular water.
Paul
Devine, James wrote:
it may be good luck if the scare-mongers are correct
.
Paul Phillips
post on this 'dead-end' thread.
Paul
I am forwarding a couple of messages Fred Lee circulated on his post keynesian
list that I thought would be equally of interest to those on pen-l.
Paul Phillips
--- Forwarded message follows ---
Subject:New Economics Student Journal At the New SchooL
Date sent
I am forwarding a couple of messages Fred Lee circulated on his post keynesian
list that I thought would be equally of interest to those on pen-l.
Paul Phillips
Original Message
--- Forwarded message follows ---
Subject:corporate felons
Date sent
Was this written by the Kerry election campaign team? :-P
Paul Phillips
Joel Wendland wrote:
Statement of the Political Bureau: About Recent Events
snip
It is quite clear that these developments do not serve, in any way, the
country s stability, and will not help to resolve any of its
diminished :-[
Paul
Paul Phillips,
Economics,
University of Manitoba
joanna bujes wrote:
Unsubcribing for a week while in NYC.
Michael? Can you please do that? I don't know how.
Thanks,
Joanna
the Bristish system allows for 3rd
party representation.)
Ah well, Wave the flag and shout democracy. Just leave the rest of the
world alone.
Paul Phillips
felt
that I neglected the students for easier paths to money and promotion. And,
if he wants to help his students, he can refer them to my text "Inside Capitalism"
where I have almost all of his key words in the index, or at least discussed.;-)
Paul Phillips
MICHAEL Y
in education/training) and labour is markedly different than
it is between physical capital and labour. Likewise for the distribution
of the increased productivity of labour.
Paul P
Devine, James wrote:
recently, the NY TIMES had an article about how much organizational capital (the social
capital
michael perelman wrote
Paul, you are certainly familiar with the sheepskin effect -- that what
people earn with their human capital reflects much more their
credentials than their actual knowledge. A substantial literature
within conventional economics confirms this commonsense idea.
I have
groups.
Paul
Gene Coyle writes
At the San Francisco march last Saturday there were the now-familiar signs.
Noticable were the many Kucinich signs, plus big banners carried by
Kucinich supporters.
The signs mentioning Kerry seemed to all carry an admonition for him to
behave lest support
is a form of
'dead labour' equivalent to physical capital. None of these others are
'real' investment in 'dead labour' and hence, are not capital in the
sense we use the term.
Paul Phillips
Michael Perelman wrote:
112-3: They refer to a plethora of capitals -- human capital,
cultural capital
(i.e. his return was greater than those who had equal human capital.)
This, I would suggest is crap.
Paul
Michael Perelman wrote:
Paul, I don't think that "human capital" is a particularly useful
concept. In the US, student are tracked according to class -- although
it is
) capital
combined with the attempts by professions to monopolize (and act as a monopoly)
to restrict supply of human capital and hence extract monopoly profits from
'restricted ownership.' To my mind, there is no contradiction with the LTV
. Indeed, it gives it more explanatory power.
Paul
- although I also couldn't participate for another 2 weeks.
Paul
P.S. There is also an article by them in the latest RRPE: Real vs Financial
profit rates. I haven't had a chance to read it but it looks good.
At 10:05 AM 3/21/2004 -0800, you wrote:
Has anyone looked at Capital Resurgent: Roots
wages did result in the
most egalitarian distribution of wages in Europe, both in the capitalist
and communist worlds.
Paul P
Devine, James wrote:
Mike B. writes:
I'm wondering about these pressures to cut costs which
Chomsky refers to. Don't they lead to the big, nice
home values
which contribute to the consumer borrowing cycle via higher home
equity loans which are deductible from Federal income taxes.
Doesn't this kind of sound like a Ponzi scheme?
Paul P
Shemano is definitely wrong when he says that a corporation does not
speak as an individual.
Paul Phillips
Senior Scholar,
Economics,
University of Manitoba
and there are great efforts to impose a binary system
centered using the votes of the middle class as the fulcrum. Japan has
resisted the neo-liberal solution for an extraordinary decade and a half of
stagnation, maybe in part because of the social solidarity in a society
lacking that wedge issue.
Paul
--
If this were true Blair would have torpedoed Kyoto.
--pb
I don't see why this conference is needed. The
US tells the UK what to do. They do it. Period.
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
-Original Message-
From: k hanly
Hey, some of us would like the recipe for Chai too!
Paul
joanna bujes wrote:
Chai message was obviously meant to go to ravi.
J.
heir beast.
For although our story pits Grinches 'gainst Whos,
The true battle lies in what we daily choose.
For inside each Grinch is a tiny small Who,
And inside each Who is a tiny Grinch too.
One thrives on love and one thrives on greed.
Who will win out? It depends who you feed!
Author: Unknown
Paul Phillips
Jim, any idea who this Brooks is?
Paul
Devine, James wrote:
I wonder if Paul Krugman is embarrassed to appear on the same op-ed page
as this fellow:
March 2, 2004/New York TIMES
More Than Money
By DAVID BROOKS
concern either with historical analysis or with
comparative analysis. I would suggest many would be well rewarded by
reading, and digesting, Geoff Hodgson's engaging book How Economics
Forgot History -- or how I might phrase it, how Economics forgot
institutions.
Paul Phillips,
Senior Scholar
Frankly, I don't think this is the case. I have quit the NDP on several
occasions and stopped supporting them materially when they voted for
world crimes against Yugoslavia. I just could not be associated with a
party that supported killing and bombing my friends that I had worked
with for
Hey Jim,
I played polo for twenty years and I am not now, nor was I ever, an
aristocrat nor were any of those that I played with. On the other hand,
my string of ponies never exceeded three, the minimum needed to play a
full game.
Paul
Devine, James wrote:
Patton MacArthur were both from
because now it
might, because of the political pressures of an election year, actually
be used to rescue the wages and employment of the working class.
Nothing could be more anathama to a neoclassical economist.
Paul Phillips
Eubulides wrote:
[at least he's confessed]
http
with racisim because of competition from
immigrants who 'self-exploit' in easy to enter sectors such as ethnic
restaurants, mom-and-pop stores, truck farming and personal services.
Paul Phillips
Doug Henwood wrote:
Julio Huato wrote:
Why would concentration be more propitious for progressive
This seems to have been censored out by the major media.
Paul Phillips
Just another bit of evidence that what's good for big
business is good for the rest of us, eh?
WSWS : News Analysis
: Medicine Health
US blocks UN proposal to combat obesity
By Barry Mason
9 February
Ideology has taken us from champ to chump
ByJIM STANFORD
Monday, February
2, 2004 - Page A13
to India, telemarketing
to Jamaica, etc.
Paul
Sabri Oncu wrote:
Paul:
However, white collar (non-productive) workers
are a fixed cost. Squeezing their wages reduces
fixed cost and hence can improve profits.
Being an ex-whitecollar worker, I am not so sure about
this Paul
. It
is much easier to just delete any article that I am not interested in.
Paul Phillips
Michael Perelman wrote:
Please try not to send large articles to the list -- like I did yesterday.
It is better just to send the url.
Large articles cause several problems.
They fill up mailboxes for people
policies stance? Can any of you down
there give us furriners an objective evaluation of him? Northern minds
want to know.
Paul Phillips
of declining employment industries --
by 20 to 40 per cent lower. In the 'growth' industries, lowering wages is
a major source of improved profits.
Paul Phillips,
Economics,
University of Manitoba
Sabri Oncu wrote:
Jim:
This means that profit booms are most likely
to be based
review of two of Geoffrey Harcourt's books done by Gary Mongiovi (still on
Pen-l?).
Paul
Tonak writes:
I just finished reading the following fascinating article by Sen. .
/~jdevine
Paul Phillips,
Economics,
University of Manitoba
cases, throughout the conference,
there was no public disclosure of a financial relationship that one knows
of only through separate sources.
One exception was Dani Rodrik (on global issues), although he was critical
only on the narrowest grounds, his comments were clear and decisive.
Paul
approach is that
prescriptions are not at the discretion of the sick but rather at the
discretion of their doctors -- or what some refer to as 'supply
determined demand'. In such cases, the concept of efficiency always
breaks down, as Stiglitz and others have demonstrated.
Paul
Paul Phillips,
Economics
of economics' as it pertains
to economic efficiency.
Paul
k hanly wrote:
How does this concept of efficiency relate to pareto efficiency that is the
view that
a situation is efficient when no one can be made better off without someone
else being made worse off, at least something like
at a Canadian audience.
It is: Paul Phillips, _Inside Capitalism: An Introduction to Political
Economy_ (Halifax: Fernwood, 2003) 215 pp.
It is primarily directed at the introductory textbook market for labour
or union studies programs thought it is also used at intro and
intermediate political economy
True, although it was probably only a secret from the public. As I recall,
after war the Yugoslavs filed a formal complaint against him as a war
criminal with the Allied war crimes tribunal (U.S., Soviet, UK,
French). Since was he then was a career diplomat being posted to the key
capitals
Neither do I. My research into aboriginal society prior to the European
invasion reveals a society which was very caring of their children and
one very intolerant of sexual abuse of children.
Paul Phillips,
Economics,
University of Manitoba
Denison's (or was it Fabricant's) studies showed that productivity
growth largely due to increases in 'human capital' was the major source of
economic growth in the US. Dorethy Walters studies for the Economic
Council of Canada reported similar results.
Paul Phillips,
Economics,
University of Manitoba
Michael Pere
also be a factor in the failure of the profit rate to
recover to the levels of the golden age.
Paul Phillips,
Economics,
University of Manitoba
reading the book. It suggests a
profound ignorance of Balkan history and the politico-economic basis of
the ethnic divisions that resulted and which were fanned, not by
democracy and markets, but by outside intervention from Germany, the US
and the Catholic Church.
Paul Phillips,
Economics
Fred,
Very glad you could make it - you were missed! I want to think more about
your post but have one small and one larger reflection.
1. I think we can all agree on the big focus of profit rates, as Paul
put it - that the rate of profit is the most important variable in
analyzing capitalism
and if so, why?
Paul
Paul Phillips,
Economics,
University of Manitoba
with this so I will let it stand - for now. But it is good
you clarified it.
More seriously, thanks for taking on Mike's question.
Paul
-classical interpretations),
revised formats of tables and other novelties.
Paul
categories sort of give you the Keynesian picture (Jim rightly
corrected me when I slurred them as neo-classical), for now you have to go
digging to get the Classical picture. But I think you will find it worth
doing.
Paul
employees as a proxy for unproductive labour, is
consistent with the hypothesis through the time period I looked at.
Paul Phillips,
Economics,
University of Manitoba
is that the theoretical/philosophical distinction
between productive and unproductive labour is a useful tool in
understanding recent economic trends. The fact that the empirical data
seems to support Marx's distinction is, however, welcome.
Paul Phillips
the wage or something that happened on the capital productivity
side. Two very different social phenomena, no?
.
One CAN string along a series of short period analysis and for a
while it is a practical solution for short term policy proposals (some
Keynsians, like Paul Davidson, would
Thanks for the feedback most of which I agree with. I hope I did not imply
that the rate of profit is the sole thing going on that matters. As you
point out other factors such as turnover rate and monetary factors are very
important.
At 02:11 PM 12/5/2003 +0100, you wrote:
Its not just Marxist
or is it
theoretically illogical ? Thanks
Paul
well) and so
maybe haven't felt the need to recalculate the NIPA categories?
One CAN string along a series of short period analysis and for a
while it is a practical solution for short term policy proposals (some
Keynsians, like Paul Davidson, would say forever). But when deep
fundamentals
theoretical
approaches)?
Paul
productivity. i.e. the average productivity rose because of the
elimination of low productivity firms while higher productivity firms
had relatively stagnant productivity. To what extent is this true of
the US?
Paul Phillips,
Economics,
University of Manitoba
favoring capital (and brace for more of the same).
Hope this helps.
Paul
Fred Moseley writes:
So I would say that the US economy is still not out of the woods so far
as the rate of profit is concerned. Therefore, in terms of the strategic
importance of our assessment
to hear comments or insight for anyone on
the list.
Paul
which served to consolidate
monopoly capitalism. My paper documented and quantified the process.
Unfortunately, the journals I submitted the article to turned it down, largely
from the readers comments, because they did not understand (or accept) the
concept of 'primitive accumulation'. Ah well.
Paul
Jurriaan,
Do you want me to e-mail you a copy? (as a Word Perfect attachment)
Paul
Jurriaan Bendien wrote:
That is pretty amazing. I supposein America
ithas to be sexy, yet civilised,and use the right words. In the USA, I
have noticed you always have to keep
This is a joke, no?
Paul Phillips
Eubulides wrote:
washingtonpost.com
No 'Cronyism' in Iraq
By Steven Kelman
Thursday, November 6, 2003; Page A33
There has been a series of allegations and innuendos recently to the
effect that government contracts for work in Iraq and Afghanistan are
being
/neoliberal country, being old becomes
a crime. It is disgusting.)
Small victories, but sweet nevertheless.
Paul Phillips,
Economics,
University of Manitoba
NDP majority in Saskatchewan
Last Updated Thu, 06 Nov 2003 0:24:15
REGINA - Saskatchewan
voters have
I didn't give the actual results. Here they are from the Globe and Mail
which headlined its article something like "NDP squeeze by in Saskatchewan"
If Bush had anything like this support ...
Paul Phillips
Economics,
University of Manitoba
(BA, MA, University of Sa
For an in-depth critique of neoclassic (and other) streams of thought from
an institutionalist position, see Geof frey Hodgson's, "How Economics Forgot
History."
Paul Phillips,
Economics,
University of Manitoba
Mario Jos de Lima wrote:
I agree to your points of view. An interest
An earlier version of this article appears on www.swans.com.
Paul Phillips
Economics,
University of Manitoba
For Jews the Real Worry should be Sharon not Arafat
by John Ryan
The recently released text of the Geneva Accord seems about as good a
deal as could be worked out for a Two-State
Front page, lead story NYT.
http://www.nytimes.com/2003/11/02/international/middleeast/02ARMY.html
U.S. Considering Recalling Units of Old Iraq Army
WASHINGTON, Nov. 1 Some American military officers in Iraq are pressing
to reconstitute entire units of the former Iraqi Army, which the top
that we could present,
not only to our students, but also to the general public. Without
ideological baggage.
In Solidarity,
Paul Phillips.
Louis Proyect wrote:
Carl, I smoked a pipe for several decades before quitting -- and I would
be afraid to add up how many thousands of dollars (not covered
Germany
and Japan.
(Likely different outcome this time.)
Paul
At 10:05 AM 10/30/2003 -0800, you wrote:
from MS SLATE'S news summary today:
The New York Times leads with President Bush's apparent order to
get more Iraqi police trained pronto. During what appeared to be
an Iraq (re)assessment meeting
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