Going for perfection was something I always thought you should do,=20
said the 74-year-old Dr. Watson, peppering his radical perspectives=20
with trademark humour. You always want the perfect girl.
It was the prevalence of trademark humour on this level that convinced me
that academic life was
What implications does this, plus the report of German economic troubles
earlier this month on PEN-L, have for the Euro?
Bill
-Original Message-
From: Chris Burford [mailto:cburford;gn.apc.org]
Sent: Monday, 28 October 2002 14:55
To: [EMAIL PROTECTED]
Subject: [PEN-L:31617] German
Marx insisted that capitalists do not (consciously) recognize the law of
value, but it worked its effects nonetheless.
On Mon, Oct 28, 2002 at 07:54:20AM -, Mark Jones wrote:
Chris Burford
their false consciousness
obstructs their
ability to see that this should be routine, because
Title: poison gas
I just realized that a major U.S. ally in the war on terrorism, i.e., Vladimir Putin's Russian government, recently used poison gas on its own people.
I know there were mitigating circumstances, but
Jim Devine [EMAIL PROTECTED]
European bank under pressure to cut rates
Mark Tran
The Guardian
Monday October 28, 2002
The European Central Bank today came under renewed pressure to cut interest
rates as German business confidence fell to a nine month low in October.
According to a key survey from the Ifo economic institute
[Business Week]
NOVEMBER 4, 2002
COVER STORY
The Painful Truth about Profits
Corporate America must slash more costs before earnings rise very far
Profits are the lifeblood of a market economy. Without them, businesses
don't invest, they don't spend on research and development, and they don't
Title: credit squeeze?
Economist.com
Raising finance in America
October 26, 2002
Doors now closing
TWO months ago, I would have said the chances of a credit crunch were too small to measure, says the head of syndicated loans at a big American bank. Now, they are better than evens.
The
The organic composition of capital (occ)
is usually defined as c/v. With
this definition, it is easy to show that the value rate of profit, s/(c+v), depends on the rate of surplus value, s/v, and the occ, because s/(c+v) = (s/v)/[(c/v) + 1].
Why does Sweezy define the occ as c/(c+v) in
I thought that the c/v was a nice simplification of the concept -- even if
it made the proof more difficult. It brings out a stark dead/living
labor distinction.
On Mon, Oct 28, 2002 at 11:32:02AM -0600, Forstater, Mathew wrote:
The organic composition of capital (occ) is usually defined as
But the proof is easier with the c/v. So Sweezy's has neither of the
advantages. That is why I am wondering why he did it that way. (by the
way, the dead labor/living labor ratio is also often represented by
c/(v+s) = c/L).
-Original Message-
From: Michael Perelman
I am including a short comment in a new ms. in a section on the rhetoric
of risk. I would appreciate any comments, suggestions
Walter Wriston once wrote:
##The men and women who founded our country were ... adventurers who
took personal risks of the most extreme kind Today, however,
This is from Jurriaan:
The day started late, because I woke up late. The previous evening I had
swallowed Oxasepam, Temazepam and Zyprexa to help me sleep. When I got
out
of the shower, the rail on which my old red shower curtain hangs fell
down
and I had to hang it up again, singing Don't let
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Monday, October 28, 2002 10:17 AM
Subject: [PEN-L:31630] Request for comments on the debt crisis
I am including a short comment in a new ms. in a section on the rhetoric
of risk. I would
The Marxian concept Organic Composition of Capital
is the ratio between the number of units of
socially necessary labor time embodied in the physical
capital stock owned by capitalists (as depreciated in proportion
to the physical and moral wear and tear since its
initial capitalization) and
Title: RE: [PEN-L:31629] RE: Re: Sweezy's occ
I hate to be unacademic, but does it really matter? Most of the measures of the OCC move together. If the point is to understand the so-called transformation problem, then all that's important is that different sectors have different technologies.
EURASIA INSIGHT October 28, 2002
IS RUSSIA DEMANDING TOO HIGH A PRICE FOR SECURITY COUNCIL SUPPORT ON IRAQ?
Mark N. Katz: 10/23/02
A EurasiaNet Commentary
Bush Administration frustration with the United Nations Security Council is
rising after three permanent members, including Russia, voiced
I'm not an expert on it, but my sense of the literature on economic dualism
is that the US is among the countries with the greatest disparity between
small and large firms. Large firms live in a world largely sheltered from
market risk (although see Ford); small firms are fully exposed with
I like this, although I think you're pointing less to humor than Wriston's
unintentional irony--i.e. the irony of the stupid. It's like dramatic irony:
the actor doesn't see something obvious that everyone else does. Of course,
we're still waiting for the Furies to catch up with the likes of
At 04:57 PM 10/28/2002 -0500, Lou quoted Yardeni:
Deflation is a very unstable and potentially dangerous economic
environment. Macroeconomists, particularly monetarists, believe it can be
overcome by pumping up the money supply. I am not so sure. I believe that
it is a consequence of
Thanks, Shane. Was your doctoral dissertation ever published, by the way
(in part or in whole). Shaikh used to refer to it all the time.
Jim D.--I think it does matter for a number of reasons and you are being
ornery.
Mat
-Original Message-
From: Shane Mage [mailto:shmage;pipeline.com]
Title: RE: [PEN-L:31642] RE: Re: Re: Sweezy's occ
what, me? ornery?
Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~jdevine
-Original Message-
From: Forstater, Mathew [mailto:[EMAIL PROTECTED]]
Sent: Monday, October 28, 2002 2:43 PM
To:
Title: RE: [PEN-L:31627] Sweezy's occ
To be serious, it seems to me that how one measures the degree of capital intensity of production (the OCC) depends on one's theory and the purpose of one's research.
For example, I would measure the OCC in a deliberately incorrect way. I use K/Y, the
[neo-Spinozism is alive and well]
Inflation pretty much forces the idea of multiple universes upon us.
http://www.nytimes.com/2002/10/29/science/space/29COSM.html?8isc
(Pen-l'ers who want to learn about unfolding events in Brazil are
invited to check the archives of the Marxism list at:
http://www.columbia.edu/~lnp3/archives.htm. We are fortunate to have a
number of Brazilians on the list, including sociologist Carlos Rebello
who in my opinion is one of the
US weapons secrets exposed
Julian Borger in Washington
Tuesday October 29, 2002
The Guardian
Respected scientists on both sides of the Atlantic warned yesterday that the
US is developing a new generation of weapons that undermine and possibly
violate international treaties on biological and
IMF policies 'led to Malawi famine'
Ezequiel Burgo and Heather Stewart
Tuesday October 29, 2002
The Guardian
The International Monetary Fund and the World Bank face fresh criticism
today as campaigners blame their privatisation policies for the devastating
famine in Malawi earlier this year.
I am not sure what exactly this author's point is. But there are
some facts in this article that may be useful.
For the archives,
Sabri
+
From Class Acts to Penny Stocks
Commentary. David Pauly is a columnist for Bloomberg News. His
opinions are his own.
By David Pauly
New York,
Murderous Humanitarianism
by the Surrealist Group of France [1932]
For centuries the soldiers, priests and civil agents of imperialism, in
a welter of looting, outrage and wholesale murder, have with impunity
grown fat off the colored races. Now it is the turn of the demagogues,
with their
Barrons, October 28th, 2002
Deja Vu All Over Again
By EDWARD YARDENI
The similarities between 2000-02 and 1990-92 are eerie. A president
named George Bush was in the White House then and now. Saddam Hussein
was Bush enemy No. 1 then, and is again. Both the current and previous
decades started
Title: Re: [PEN-L:31644] RE: Sweezy's
occ
Jim Devine wrote:
To be serious, it seems
to me that how one measures the degree of capital intensity
of production (the OCC) depends on one's theory and the purpose of
one's research.
For example, I would
measure the OCC in a deliberately incorrect
[Federal Register: October 28, 2002 (Volume 67, Number 208)]
[Notices]
[Page 65786-65787]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28oc02-48]
---
DEPARTMENT OF COMMERCE
United States Patent
SEC to Look at How Markets' Structure Affects Investor Risk
By Anitha Reddy
Washington Post Staff Writer
Tuesday, October 29, 2002; Page E01
Back when the most recent bull market was young, many traders believed the
time had finally come for true 24-hour, around-the-globe U.S.-style stock
Forwarded from the PGA list. Sabri
+++
The following are excerpts from the speach Hebe de Bonifini,
leaders of the organization Mothers of Plaza de Mayo gave on
October 24,2002:
Companeros, you no doubt know that last week I was at the Zanon
factory. I went in representation of
From today's Guardian
Welcome to the one-party state that is Great Britain
Thanks to the Tories, Blairism has been allowed to infect our democracy
Hugo Young Tuesday October 29, 2002 The Guardian
On the surface, Britain is a country politically doing what it should. The
government has a big
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