Re: Re: rational expectations

>>> [EMAIL PROTECTED] 08/03/00 04:38PM >>> Can't we just disagree without your reading me out of the club? ))) CB: I don't particularly think of it as a club, but there are certain positions that tend to define us and them. When you start supporting the other side on critical issues

Re: rational expectations

>Carroll, you will persist in misunderstanding. There are errors and >errors. I think that many people are wrong about many things--you, >often, Charles, often, Yoshie, frequently. Among us, that just >indicates disagreement. i think Hayek was wrong about private >property, but I don't think h

Re: Re: Re: rational expectations

Carroll, you will persist in misunderstanding. There are errors and errors. I think that many people are wrong about many things--you, often, Charles, often, Yoshie, frequently. Among us, that just indicates disagreement. i think Hayek was wrong about private property, but I don't think he was

Re: Re: rational expectations

Yoshie Furuhashi wrote: > > _If_ our critics are indeed right about something, yes, we should > revise our views; if not, no. Let's use Hayek as an example, since > we had threads on him recently. As our disagreements over Hayek have > shown, it is _not_ that Marxist critics of Hayek think th

Re: rational expectations

Justin wrote: >When our critics are right about something, we should revise our >views. Unlike Yoshie, I don't think we should just listen to >formulate better replies to their errors, but also to see if we can >learn something, to correct our own errors. It is not an a priori >truth that "we

Re: Rational expectations

Michael Perelman wrote: >Japan grew very fast in the postwar period because its previous economists >were mostly excluded because of their fascist past, leading to a void that >Marxist trained economists filled. Eventually, Japan started hiring mostly >orthodox economists and their economy slowe

Re: Rational expectations

In a message dated Fri, 4 Aug 2000 10:51:23 AM Eastern Daylight Time, "Charles Brown" <[EMAIL PROTECTED]> writes: << Lawyers are less centralized on a world level ( international law is still openly "might makes right"). In fact, but not officially. As a matter of law, the UN Charter is part

Re: rational expectations

Yes, he did. He talks about how scientists (natural philosophers, as they said then) struggled with the idea that work with your hands, necessary to set up experiments, was not respectable for gentlemen, but the testimony of rude mechanics was not credible. --jks In a message dated Fri, 4 Aug

Re: rational expectations

>>> [EMAIL PROTECTED] 08/03/00 07:18PM >>> Jim D. wrote: "who is it that determines who a "real authority" is? Is there a World Congress of Philosophers who makes this decision?" = Roger Coase floated the idea that there should be a few years back...very scary. _ CB: Whose that

RE: RE: Rational expectations

EMAIL PROTECTED] Subject: [PEN-L:248] RE: Rational expectations Do people see the commercialisation of universities in order to obtain basic funding and research $$ as a threat to the independence of staff appointments? You would expect that backers would favour appointment of persons who hav

RE: Re: RE: Re: RE: Rational expectations

95% completeonly 95% to go;) -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] Sent: None To: [EMAIL PROTECTED] Subject: [PEN-L:253] Re: RE: Re: RE: Rational expectations It is about 95% complete. The working title is Intellectual Property Amidst Poverty

Re: RE: Re: RE: Rational expectations

It is about 95% complete. The working title is Intellectual Property Amidst Poverty. > > What's the title Michael? > > -Original Message- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] > Sent: None > To: [EMAIL PROTECTED] > Subject: [PEN-L:250]

RE: Re: RE: Rational expectations

What's the title Michael? -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] Sent: None To: [EMAIL PROTECTED] Subject: [PEN-L:250] Re: RE: Rational expectations That is a major theme in my book on intellectual property. > > Do people see the commercia

Re: Re: rational expectations

In a message dated 8/3/00 7:22:35 PM Eastern Daylight Time, [EMAIL PROTECTED] writes: << Jim D. wrote: "who is it that determines who a "real authority" is? Is there a World Congress of Philosophers who makes this decision?" >> * * * A very interesting question. Steve Shapin has explored t

Re: RE: Rational expectations

gt; persons who have a free-market orientation. > > -Original Message- > From: Doug Henwood [mailto:[EMAIL PROTECTED]] > Sent: Friday, 4 August 2000 12:23 > To: [EMAIL PROTECTED] > Subject: [PEN-L:246] Re: Re: Re: Rational expectations > > > Michael Perelman

Re: Re: rational expectations

In a message dated 8/3/00 6:18:18 PM Eastern Daylight Time, [EMAIL PROTECTED] writes: << Right, so I read his damn book. Several of them. I thought about them, >more than they deserved, and concluded he was an idiot. why didn't you say so from the beginning, rather than coming off as a flip

RE: Rational expectations

Henwood [mailto:[EMAIL PROTECTED]] Sent: Friday, 4 August 2000 12:23 To: [EMAIL PROTECTED] Subject: [PEN-L:246] Re: Re: Re: Rational expectations Michael Perelman wrote: >When is the last time that a leftist economist has been hired at a major >university economics department? When I

Re: Re: Re: Re: Rational expectations

Japan grew very fast in the postwar period because its previous economists were mostly excluded because of their fascist past, leading to a void that Marxist trained economists filled. Eventually, Japan started hiring mostly orthodox economists and their economy slowed down. During the Depressio

Re: Re: Re: Rational expectations

Michael Perelman wrote: >When is the last time that a leftist economist has been hired at a major >university economics department? When I was in Frankfurt in June, I talked a bit with a left German economist, who told me the local profession was being totally Americanized, in both content and

Re: Re: Rational expectations

The study of economics began with Alfred Marshall. Marshall was upset that untrained people could comments on political economy, so he took a little-known term, economics, and formalized the training of future economists at Cambridge. Today, the World Conference of Economists ostracizes anybody

Re: Rational expectations

Ian Murray wrote, >Jim D. wrote: "who is it that determines who a "real authority" is? Is >there a World Congress of Philosophers who makes this decision?" = >Roger Coase floated the idea that there should be a few years back...very >scary. In effect there is a "WCP" with the authorit

Re: rational expectations

Jim D. wrote: "who is it that determines who a "real authority" is? Is there a World Congress of Philosophers who makes this decision?" = Roger Coase floated the idea that there should be a few years back...very scary. Ian

Re: rational expectations

I wrote: > > Nonetheless, it's best to make criticisms with _content_.< Justin writes: >When it's worth doing. It's information to know that someone's viewsare >not worth paying attention to. What the guy do, refuse to pay an IOU he had to you? did he cut you off in traffic? I make a parenthe

Re: Re: Re: Re: Re: Re: Re: Re: Re: rational expectations

> Nonetheless, it's best to make criticisms with _content_. When it's worth doing. It's information to know that someone's viewsare not worth paying attention to. >Also, I understand that in the past, there have been philosophers who were rejected by the vast majority but later turned out t

Re: rational expectations

For couple of years, Chico employed Marco del Seta, one of the brightest people I ever met. He had a degree from London School of Economics in the philosophy of science and had taught some classes there any economics department. Having done graduate work in both philosophy and economics, I once

Re: Re: Re: Re: Re: Re: Re: Re: rational expectations

At 05:09 PM 8/3/00 -0400, you wrote: >No, philosophy has even less consensus than economics. So it tells you >something when practically nobody takes B seriously, eh? And not just >because of his political orientation. People who share his general >political orientation--all those Marxists or t

RE: Re: Re: rational expectations

jks . . . Can't we just disagree without your reading me out of the club? Dontcha know, if they want you as a member, it's not worth joining. P. Wilson

Re: Re: Re: Re: Re: Re: Re: rational expectations

No, philosophy has even less consensus than economics. So it tells you something when practically nobody takes B seriously, eh? And not just because of his political orientation. People who share his general political orientation--all those Marxists or then-Marxists I mentioned--have no respect

Re: Re: Re: Re: Re: Re: rational expectations

Justin wrote: >Look, Jim, I often defer to your economics expertise--not always, but >often. If you tell me that someone is a crank with no respectable >following in econ, I will be inclined to go along with you, since you are >a real expert. Expertise is, after all, a legitimate basis of appea

Re: Re: rational expectations

Can't we just disagree without your reading me out of the club? I think many of your views are abhorrent and represent no socialism I would ever want anything to do with, but I don't deny that they represent a current of left thinking. You think that market socialism is a contradiction in terms

Re: Re: Re: rational expectations

Doug Henwood wrote: > Charles Brown wrote: > > >It is an a posteriori truth that we are correct about more things > >than our critics are. > > Why aren't there more of "us" then? Is it all the left's fault that a majority of Americans believe in god, creationism, and astrology? It is becoming

Re: Re: rational expectations

Charles Brown wrote: >It is an a posteriori truth that we are correct about more things >than our critics are. Why aren't there more of "us" then? Doug

Re: rational expectations

>>> [EMAIL PROTECTED] 08/03/00 03:29PM >>> When our critics are right about something, we should revise our views. ))) CB: Sure, but what is an example of something important that they are correct about ? I say that realizing there has been a recent long thread on Hayek , for exampl

Re: rational expectations

When our critics are right about something, we should revise our views. Unlike Yoshie, I don't think we should just listen to formulate better replies to their errors, but also to see if we can learn something, to correct our own errors. It is not an a priori truth that "we" are right about eve

Re: Re: Re: Re: Re: rational expectations

Look, Jim, I often defer to your economics expertise--not always, but often. If you tell me that someone is a crank with no respectable following in econ, I will be inclined to go along with you, since you are a real expert. Expertise is, after all, a legitimate basis of appeal to authority. Th

Re: rational expectations

>>> [EMAIL PROTECTED] 08/03/00 02:31PM >>> We've had this conversation before. One way of summarizing my take on this is that "dialectical materialism" has some unfortunate baggage which can be avoided by reconsidering the issues under a new rubric. __ CB: I find a lot of convers

Re: rational expectations

We've had this conversation before. One way of summarizing my take on this is that "dialectical materialism" has some unfortunate baggage which can be avoided by reconsidering the issues under a new rubric. One source is Tony Lawson's article on critical realism in volume I of Phil O'Hara's EN

Re: Re: Re: Re: rational expectations

At 10:43 AM 08/03/2000 -0400, you wrote: >I dob't want to get into this beyong what I say here, but, as I have >explained variously, Bhaskar is a fool who is not taken seriously by real >philosophers of science outside his cult, which mystifies me. I should >explain that I was trained as a phil

Re: Re: Re: rational expectations

I dob't want to get into this beyong what I say here, but, as I have explained variously, Bhaskar is a fool who is not taken seriously by real philosophers of science outside his cult, which mystifies me. I should explain that I was trained as a philosopher of science in the US and the UK--by K

Re: Re: rational expectations

Hi Yoshie, >I do take the best & brightest of our enemies seriously, but taking them >seriously doesn't necessarily lead one to revise one's convictions >radically. The best & brightest of our enemies (from ancients to >moderns), for me, have a virtue of clarifying what we are up >against.

Re: rational expectations

Hi Justin: >A lot of people take this attitude, but I follow the dangerous >course of reading my adversaries and taking them seriously. I have >read Sommers (I have in fact met her) and I think she is an idiot. >But I also read Hayek and Mises, and, as you all know, I have >learned from them.

Re: Re: Re: Re: rational expectations

Yeah, Carroll, I have read, and indeed studied, a lot of Stalin as well as Lenin. Not only was I a Sovietologist, I was in and out of some outfits where Stalin was "in." I can still give you chapter and verse on various outre Stalinist views, such as his linguistic theories. Anyway, you wil

Re: Re: Re: rational expectations

[EMAIL PROTECTED] wrote: > A lot of people take this attitude, but I follow the dangerous course of reading my >adversaries and taking them seriously. Up to about 1640 (and on the assumption that only Europe counted) it would have been at least theoretically possible for someone to make this

Re: Re: rational expectations

Yoshie Furuhashi wrote: > > > >The more I think about this, the more I wonder: Doug, this seems misleading to me. The impression most of your posts over time have given is that you made up your mind years ago on this as a fundamental principle, from which no deviation was permissible. You seem

Re: Re: rational expectations

A lot of people take this attitude, but I follow the dangerous course of reading my adversaries and taking them seriously. I have read Sommers (I have in fact met her) and I think she is an idiot. But I also read Hayek and Mises, and, as you all know, I have learned from them. This just for sta

Re: rational expectations

Doug wrote: >Charles Brown wrote, responding to Yoshie: > >>I don't think it's a matter of whether "uncertainty" & >>"self-questioning" are good things. The point is that we are >>basically incapable of self-criticism. >> >>__ >> >>CB: We are dependent upon others for criticism. This is

Re: Re: rational expectations

Charles Brown wrote, responding to Yoshie: >I don't think it's a matter of whether "uncertainty" & >"self-questioning" are good things. The point is that we are >basically incapable of self-criticism. > >__ > >CB: We are dependent upon others for criticism. This is one of the >"advantag

Re: rational expectations

>>> [EMAIL PROTECTED] 07/31/00 08:57PM >>> >Actually there was serious content to what you perceived as a piece >of wisecrack. Yoshie & I have long argued over uncertainty and >self-questioning. I think it's a good thing, and she doesn't. I like >to quote a remark by an Australian scholar of

Re: what is 'orange'?Re: Re: Re: Re: Re: Re: rational expectations

En relación a [PEN-L:37] what is 'orange'?Re: Re: Re: Re: Re: R, el 31 Jul 00, a las 12:33, Stephen E Philion dijo: > > el 31 Jul 00, a las 9:48, Stephen E Philion dijo: > > > > > Nestor's sounding pretty orange these days... > > > > > > Steve > > > > Since the quip is on myself, what is this

Re: Re: rational expectations

Greetings Economists, Yoshie Furuhashi writes, Yoshie, I don't think it's a matter of whether "uncertainty" & "self-questioning" are good things. The point is that we are basically incapable of self-criticism. We can't see our own blind spots, unless others (be they live human beings or dea

Re: rational expectations

>Actually there was serious content to what you perceived as a piece >of wisecrack. Yoshie & I have long argued over uncertainty and >self-questioning. I think it's a good thing, and she doesn't. I like >to quote a remark by an Australian scholar of cultural studies & >feminism, Catherine Dri

Re: Re: Re: Re: rational expectations

Nestor Miguel Gorojovsky wrote: >En relación a [PEN-L:2] Re: Re: rational expectations, >el 30 Jul 00, a las 6:18, Doug Henwood dijo: > >> Yoshie Furuhashi wrote: >> >> >What does this say about the "male list" of economists? >> >> Dunno,

Re: Re: Re: Re: Re: rational expectations

Nestor's sounding pretty orange these days... Steve On Mon, 31 Jul 2000, Doug Henwood wrote: > Nestor Miguel Gorojovsky wrote: > > >I guess this is what would be taken as a funny remark in Manhattan. > >For me it is just a demonstration that lack of confidence is expected > >in women, and that

Re: Re: Re: Re: rational expectations

Nestor Miguel Gorojovsky wrote: >I guess this is what would be taken as a funny remark in Manhattan. >For me it is just a demonstration that lack of confidence is expected >in women, and that only exceptional "specimens" (sorry, Yoshie, just >trying to be clear) escape it. As we say in Spanish, i

Re: Plain Text version of Re: Re: rational expectations

Thanks. This is easy to read. > > Greetings Economists, > I will no longer use HTML to color something I am quoting. I dislike > the < next to quotes, so I will continue to cut and paste unless that is > also causing problems. I understand now that the styling of the text causes > problems

Plain Text version of Re: Re: rational expectations

Greetings Economists, I will no longer use HTML to color something I am quoting. I dislike the < next to quotes, so I will continue to cut and paste unless that is also causing problems. I understand now that the styling of the text causes problems. I will no longer do that. Thanks for the

Re: Re: Re: rational expectations

En relación a [PEN-L:2] Re: Re: rational expectations, el 30 Jul 00, a las 6:18, Doug Henwood dijo: > Yoshie Furuhashi wrote: > > >What does this say about the "male list" of economists? > > Dunno, but I've never noticed that a lack of confidence was one of &g

Re: Re: Re: rational expectations

Title: Re: [PEN-L:2] Re: Re: rational expectations Greetings Economists,    Doug Henwood responds this way to Yoshie when she writes about "overconfidence", Doug Henwood, Dunno, but I've never noticed that a lack of confidence was one of your own personal characteristics. Doy

Re: Re: rational expectations

I don't feel confident that I can answer that! Could you give us a clue? Cheers, Ken Hanly Yoshie Furuhashi wrote: > > > What does this say about the "male list" of economists? > > Yoshie

Re: rational expectations (acquiescence)

Yoshie Furuhashi wrote, > Studies have often shown that for every male diagnosed as suffering > from depression, two to six times as many females are so diagnosed. 1. Take this as a symptom of "the problem that has no name" (Friedan). Note the word "symptom" -- female depression exemplifies the

Re: Re: rational expectations

G'day Yoshie, >What does this say about the "male list" of economists? Well, I don't reckon Pen-L is the first list to confront with this question. It's one of the few lists where discussion isn't generally confined to the lobbing of certainty-launched hand-grenades over certainty-built barrica

Re: Re: rational expectations

Yoshie Furuhashi wrote: >What does this say about the "male list" of economists? Dunno, but I've never noticed that a lack of confidence was one of your own personal characteristics. Apropos of confidence: Boys will be Boys: Gende

Re: rational expectations

>Timework Web wrote: > >>Michael Perelman wrote: >> >>>Holt, Jim. 2000. "Confidence Games: Why Your Self-Esteem Is Probably Too >>>High." Lingua Franca, 10: 9 (April): p. 68. >>> "Overconfidence is nearly universal. In fact, a study some years ago >>>found that the only group of people free from i

Re: Re: rational expectations

Timework Web wrote: >Michael Perelman wrote: > >> Holt, Jim. 2000. "Confidence Games: Why Your Self-Esteem Is Probably Too >> High." Lingua Franca, 10: 9 (April): p. 68. >> "Overconfidence is nearly universal. In fact, a study some years ago >> found that the only group of people free from i

Re: rational expectations

Michael Perelman wrote: > Holt, Jim. 2000. "Confidence Games: Why Your Self-Esteem Is Probably Too > High." Lingua Franca, 10: 9 (April): p. 68. > "Overconfidence is nearly universal. In fact, a study some years ago > found that the only group of people free from it -- the only group with a > re

Re: rational expectations

Michael Perelman wrote: > > Holt, Jim. 2000. "Confidence Games: Why Your Self-Esteem Is Probably Too > High." Lingua Franca, 10: 9 (April): p. 68. > "Overconfidence is nearly universal. In fact, a study some years ago > found that the only group of people free from it -- the only group with a

[PEN-L:1089] Re: rational expectations

On Sat, 21 Oct 1995, James Devine wrote: > if the theory of rational expectations really worked, then Robert > Lucas wouldn't have agreed to give his ex-wife 1/2 of his expected > Nobel Prize loot when he divorced her. ;-) > > -- Jim Devine It works, his wife used i

[PEN-L:1082] Re: rational expectations

Hey, did you ever think that maybe _she_ came up with the theory? :) Anders Schneiderman On Sat, 21 Oct 1995, James Devine wrote: > if the theory of rational expectations really worked, then Robert > Lucas wouldn't have agreed to give his ex-wife 1/2 of his expected > Nobel Pr