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From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, January 15, 2002 7:51 PM
Subject: [PEN-L:21446] Re: Re: Sweden
Ian, the midwife relates to the Burnham thesis that someone
mentioned earlier. Marx believed that the institutions of
socialism were forming within
Rakesh Bhandari wrote:
This brings us back to the discussion that set off the thread on
crises. Capitalism has proven resilient and has withstood a number of
shocks over the centuries.
yes, michael, but the question is how are crises overcome? jim's
theory leads to one conclusion--raising
Rakesh Bhandari wrote:
This brings us back to the discussion that set off the thread on
crises. Capitalism has proven resilient and has withstood a number of
shocks over the centuries.
yes, michael, but the question is how are crises overcome? jim's
theory leads to one conclusion--raising
Doug, Schumpeter's creative destruction does not occur in the context of
weak demand. It is a theory of investment-led aggregate demand, followed
by an overshooting, and then a crash. Mellon's scheme might work, but it
sure took a long time for the economy to get going. Without World War II,
Ian, the midwife relates to the Burnham thesis that someone
mentioned earlier. Marx believed that the institutions of
socialism were forming within capitalism. He believed that the
joint stock companies were such an institution.
Ian Murray wrote:
I'm puzzled by the midwife metaphor as it
Carrol, as wages have declined and production shifted offshore, the US has
moved very much more in the brute force direction, despite a small minority
engaged in the New Economy and the like.
Carrol Cox wrote:
What was brue labor as opposed to workers' skills and discretion at
one point in
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, January 15, 2002 5:51 PM
Subject: [PEN-L:21446] Re: Re: Sweden
Ian, the midwife relates to the Burnham thesis that
someone
mentioned earlier. Marx believed that the institutions
I would say that devaluation of fictitious capital [specifically corporate
capital, not government paper] is important in raising the rate of profit.
On Tue, Jan 15, 2002 at 06:12:16PM -0800, Rakesh Bhandari wrote:
This brings us back to the discussion that set off the thread on
crises.
- Original Message -
From: Ian Murray [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, January 15, 2002 6:15 PM
Subject: [PEN-L:21452] Re: Re: Re: Sweden
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, January 15, 2002 5
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Tuesday, January 15, 2002 7:08 PM
Subject: [PEN-L:21460] Re: Sweden
I don't know where Marx came up with that idea, but in
a way it
conflicted with his more important theory -- that
social
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