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My reading of Mirowsky is that he argues that Nash
formulated the problem the way he did because he was
paranoid schizophrenic. I don't think Nash's paranoid
schizophrenic equilibrium is wrong. I just think it is
paranoid schizophrenic.
Sabri
^^
If we say that capitalism has mostly
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From: Charles Brown [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, May 20, 2004 9:18 AM
Subject: New York Times on Scarcity
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My reading of Mirowsky is that he argues that Nash
formulated the problem the way he did because he was
paranoid schizophrenic. I don't think Nash's
.
- Original Message -
From: Charles Brown [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, May 20, 2004 9:18 AM
Subject: New York Times on Scarcity
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My reading of Mirowsky is that he argues that Nash
formulated the problem the way he did because he was
paranoid
Jim:
As far as I could tell, you were saying that because Nash was crazy, NE
was wrong in some
sense.
Response: What got Nash the Nobel was his attempted rescue of
neoclassical theory from a critical contradiction: How is it that two or
more
k hanly wrote:
I thought the appropriate psychological orientation for success in
capitalism was to be a psychopath. At least that is the hypothesis of
the
Corporation documentary.
http://www.thetyee.ca/Entertainment/current/
The+Corporation+Shrinking+the+Psychopath.htm
By a quirk of legal
Jim:
As far as I could tell, you were saying that
because Nash was crazy, NE was wrong in some
sense.
Jim,
It was Mirowsky who wrote those pieces Ted sent, not
Ted.
I happen to have read the book too and I must confess
that I was greatly influenced by his Machine Dreams,
as well as by his
Title: RE: [PEN-L] New York Times on Scarcity
Do the increases in some price indexes in the last couple of months represent a trend change from a disinflationary to an inflationary period?
Michael was inclined to think so, asking us to contemplate the possibility of stagflation. Falling unit
I hope that I'm not so silly as to think that a short run spurt in commodity prices
represents the ultimate proof that scarcity-based inflation is now kicking in.
Tom agrees with me that eventually such scarcity will become severe enough to show up
in rising prices. The question remains how
: [PEN-L] New York Times on Scarcity
Do the increases in some price indexes in the last couple of months represent a trend
change from a disinflationary to an inflationary period?
Michael was inclined to think so, asking us to contemplate the possibility of
stagflation. Falling unit labor costs
Title: RE: [PEN-L] New York Times on Scarcity
Your speculation assumes the long-run price inelasticity of supply of nonrenewable resources (or of close substitutes). Thus far at least, history is against you. For example, what about the paradigmatic case you've cited in the past against your
Tom suggests that some backstop technology might exist to take care of scarcity. The
most common story is that whale oil became scarce so we switched to oil. I discussed
this in my Perverse Economy. Part of the problem is that our efforts to overcome one
scarcity bring up new ones.
Maybe
Title: RE: [PEN-L] New York Times on Scarcity
there are two
major scenarios where nonrenewable resource scarcity-based crises make
sense:
1) where
there are major externalities, as with common property resources without an
adequate social mechanism to prevent "over fishing" an
Michael:
We have discussed the Mark Jones thread over
and over, so I would not want to reignite it,
but water is much more difficult.
I really miss Mark.
Does anyone know how to cummunicate with God to ask
his permission so that Mark can join in the
discussions as a ghost?
Maybe, he already
Jim recommended the article on Western water, which seems quite solid.
The paper also has an article on falling Chinese grain production.
http://www.nytimes.com/2004/05/02/international/asia/02farm.html
I am still struck by the resource inflation ahead along with falling
manufacturing costs.
If
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