Doug was stretching it a bit. The downturn in the market hit in 1913, before
the war started.
Rod Hay
Mark Jones wrote:
> Doug Henwood wrote:
> > in 1901 ... real prices stayed pretty flat for 15
> > years before a deep bear market set in.
>
> So this 15 years gets us from 1901 to 1916, right?
Something happened between the two: the Panic of 1907 in the US. The
crisis "involved a bank run, a stock market crash and a following
recession" (James Livingston, _Origins of the Federal Reserve System:
Money,Class and Corporate Capitalism:1890-1913, Cornell U. Pres)
Mine
>> in 1901 ... re
Doug Henwood wrote:
> in 1901 ... real prices stayed pretty flat for 15
> years before a deep bear market set in.
So this 15 years gets us from 1901 to 1916, right? Anything else happening
in the world right then that might correlate to an absence of plateaux and
even a general crisis of capita
Jim Devin asked:
>how does the "rat choice" method of PoliSci differ from that of
>economics?
>supposedly, rat choice logic is one of the major theoretical tools that
>sharpens rather than obscures economic thinking, right?
Yes and No. It depends on what we mean by "economic thinking". If
eco
>>CALL FOR PAPERS
>
>>POST-MARXIST HUMAN GEOGRAPHIES
>
>>AAG ANNUAL CONFERENCE: NEW YORK, 2001 (27th FEB MARCH 3rd)
>
>>Convenors:
>
> 1. Dr Richard Smith ([EMAIL PROTECTED])
> 2. Dr Marcus Doel ([EMAIL PROTECTED])
>
>Despite the enormous influence of Marxism on human geography there have
bee
Mark Jones wrote:
>Bull markets aren't usually followed by plateaux, are they?
They can be. There was a peak in U.S. P/Es peaked at 15.7 in 1901 -
accompanied by lots of "New Economy" talk (see Shiller's Irrational
Exuberance for details) - but real prices stayed pretty flat for 15
years befo
>From Francis Wheen's new biography "Karl Marx: a Life" (W. W. Norton, 2000):
The annual rent for Modena Villas was £65 almost twice that of Grafton
Terrace. Quite how Marx expected to pay for all luxury is a mystery: as so
often, however, his Micawberish faith was vindicated. On 9 May 1864 Wilhe
>But I agree that more recently Bates's insights have seemed to me to be
>more obscured than sharpened by the "rational choice" methodology in
>political science...
how does the "rat choice" method of PoliSci differ from that of economics?
supposedly, rat choice logic is one of the major theo
GLOBALISM ON THE ROPES
The Typical American Doesn't Have Much to Gain from Globalization
Mark Weisbrot is the co-director of the Center for Economic and Policy
Research in Washington, D.C.
"Power," Walter Reuther of the United Auto Workers once said, "is the
ability of a labor union like the
New York Times, April 22, 2000
Renault Agrees to Buy Troubled Samsung Motors
By JOHN TAGLIABUE
PARIS, April 21 -- Renault, the French automaker, reached an agreement
today to acquire the ailing Samsung Motors of South Korea, concluding its
second major acquisition in Asia in the last year.
R
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