, and the bullied come most of the=
=20
progress in the world and in Silicon Valley.
endquote
Tubular, eh?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
On Fri, 16 Dec 1994 [EMAIL PROTECTED] wrote:
And the winner isGeorge Gilder!
Our expert
workforce. Not that it
invalidates the results, but that should be kept in mind when consuming it.
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
t; as
150%. By these definitions, the US has the smallest middle class and
highest share of poor and near-poor of any of the dozen or so countries
covered by the LIS.
Needless to say, $120k is a lot more than 150% of the median.
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voic
Upwardly mobile?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
On Mon, 19 Dec 1994, Cotter_Cindy wrote:
My husband and I have a combined income of $120,000. I feel like a fool
calling myself working class. But my husband's a marine
class
represent a social judgment on the kind of lifestyle appropriate to the
reproduction of that subclass of laborer?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
the argument that it's those facing labor market competition
from immigrants who are most supportive of curbs.
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
---
"Woul
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
and believe
in competition among smallish units? Have we all become Herb Gintis, with
a born-again faith in the magic of the marketplace? Or is there another,
more planned/socialist position?
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
rive
on the identification of outsiders, the Not Us, who are outside the
circle? Aren't many communities full of superstition, xenophobia. Isn't
the outside world a zone of liberation, and antidote of a suffocating
insularity? Doesn't trade, properly conceived, enrich?
Doug
Doug Henwood [[EMAIL PROTECT
sts? Control of
oil has been one of the sacredest of cows even throughout the period of
Salianstroika - but Big Oil wants a piece of Mexico, and by god, they're
gonna get it.
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
An economist is someone who talks in other people's sleep.
Oh, and also a person with a flair for numbers who lacked the personality
to be an accountant. But you probably knew that one.
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax
by which we
attempt to decipher her clues, then truly we can speak of a man-made
ignorance, criminal or pitiful, depending on your point of view, in our
relations with Gaia."
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-8
are phony. The bigger your debts, the more power your
creditors have over you. Keynesians social democrats who are blase about
running up debts get all bent out of shape when the creditors remind them
of their power. Tax the rich, don't borrow from them.
Doug
--
Doug Henwood
Left Business Observer
closures, consolidations, etc.? Has anyone quantified this - or
contribution of the suicidal tight money, tight budget policies imposed by
Maastricht and Buba, also a byproduct of unification?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
to know the PUBLISHER so I can call them and place an
order using a credit card IMMEDIATELY. Anyone who can help me RIGHT NOW
(THursday afternoon) please bleeb me a message privately. Thanks so much.
The New Press, 212-629-8802 voice, or 212-268-3647 fax.
Doug
--
Doug Henwood
Left Business Observer
al content in an effort to bolster CompuServe's reputation as a morally
responsible online service provider. (STERN Infomat 03/96)
If you think this reeks, as I do, tell Compuserve: [EMAIL PROTECTED].
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-
%149.3% 12.5%122.5%121.4%
US 6.9%100.0% 10.2% 100.0%147.8%
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
ed without the socialization of
ownership. But for the green agenda to have more than volatile political
support, it has to explain better how less can be more.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL
ned by the
post-Marxist left? Are the only choices between giant dams, which flood and
displace, and the embrace of tradition and magic?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
prevails now?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
Union receives more complaints about abuses by employers than
about abuses by the government."
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
influence.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
At 5:53 PM 1/17/96, John William Hull wrote:
On Wed, 17 Jan 1996, Doug Henwood wrote:
I find them to be influential, in pure or diluted form, in anti-development
NGO circles and among funders. Though deep ecology and ecofeminism are
reported to be at odds - DE being seen as macho (living
nforced rather than challenged by
ecofeminism.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
a conceded that this was
probably true.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
At 7:15 PM 1/19/96, [EMAIL PROTECTED] wrote:
Sid -
Get a life. Stop posting this crap.
Here we go again. Lay off Sid; I like what he posts.
I swear I won't say anything about America Online.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020
listed below:
[EMAIL PROTECTED]
Don't forget a simple recapitalization would yield:
[EMAIL PROTECTED]
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood
Anyone here know how to get in touch with Tom Michl? I don't think he's on
PEN-L.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
;general managers and top execs," slated to grow from 3,046,000 to
3,512,000. RNs are, of course, skilled workers, but the rest of the list
features some of the cliches of postindustrial shitwork. Bob Reich seems
not to read the projections of an agency he supervises.
Doug
--
Doug Henwood
L
processing services; auto parking, repair, and
services; and health services, with a skew towards the low-end (aides,
orderlies, etc.).
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web:
15 11 8
* Asked of one-half the respondents.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
in English as far as I've seen.
(Disclosure: I'm in the Santa Cruz editorial group.)
For subscription info email to: [EMAIL PROTECTED]
I have nothing to do with CNS, but I agree. Some of the most original
thinking on on politics etc. around.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New
polarization, which
he actually seems to care about?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
cost of past wars."
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
n the embassy budget, e.g.).
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
fects of
deindustrialization on men. I'm certainly not trying to conclude from this
that women aren't discriminated against in thousands of ways, but it's hard
to argue that women are suffering more from the evolution of the labor
market than are men.
Doug
--
Doug Henwood
Left Business Observer
2
, women's entry into
previously all-male professions isn't an insignificant social development.
And I brought up the point only to dissent from the view that the
restructuring of the labor force has been/will be particularly hard on
women.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
ill fare much worse than managerial/professional/technical
women, as clerical work is automated and health care restructured. So it's
quite possible there'll be more women lawyers, doctors, bond traders, and
systems analysts, while secretaries get downsized along with older male
middle managers.
D
endquote
I think Summers may have an important point here; both capital's publicists
and its enemies (such as they are) seem to fall prey to the breathlessness
tone he describes.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
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+1-212-874-3137 fax
email: [EMAIL PROTECTED]
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How ever do they define "economic freedom," anyway? Freedom from hunger, or
freedom to fire 5,000 workers?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com
ow do liberals (American sense) respond to this? By
extending the notion of property to God- and/or Constitution-given
"rights"? That leads you to the elitist dead-end of litigation and Supreme
Court worship. Any liberals out there who can help me out?
Doug
--
Doug Henwood
Left Business Obser
At 7:49 PM 1/29/96, Justin Schwartz wrote:
On Mon, 29 Jan 1996, Doug Henwood wrote:
"rights"? That leads you to the elitist dead-end of litigation and Supreme
Court worship. Any liberals out there who can help me out?
Hey, Doug, go easy on us (future) radical lawyers. Litigation is
of the modern buy-and-liquidate school of financial predation;
Felix himself put together ITT with Howard Geneen; and Felix's fees were
what inspired 80s hotshots like Joe Perella to get into the business.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020
that
"[T]his decline may not be sufficient to allow the City to achieve its
overall cost containment goal of $203 million." And Gov. Pataki's proposed
25% in the AFDC grant hasn't even hit yet.
Truly the 1990s are making the Reagan years look kind and gentle by comparison.
Doug
--
Doug He
ks is very
vulnerable to well-planned pressure. If the workers in these networks talk
to each other, they can put major kinks in the network. Even a work-to-rule
action at a crucial components plant could screw up production. The key, of
course, is solidarity, but that's nothing new.
Doug
--
Do
, and central banks in general.
Coming soon, a links page. Links suggestions are highly welcome.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
TION. To
access the Book Preview Forum, GO PREVIEW.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
ion a year on institutions and machines designed for
killing people is bad enough; why come up with inflated numbers?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
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email: [EMAIL PROTECTED]
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length on how this was wrong because she was
present and active at all the budget-making sessions.
Doug
--
Doug Henwood
Left Business Observer
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USA
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email: [EMAIL PROTECTED]
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corporate state, an embodiment if not
explicitly ATT.
Yeah, the new telecoms bill sucks bigtime, but do progressive economists
really stand for more "competition," as opposed to "monopoly"?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-2
to [EMAIL PROTECTED], or write to [EMAIL PROTECTED] with
GET ECON.FAQ in the subject line.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
Does anyone know if John Eatwell still advises the UK Labour Party leader,
now that it's Tony Blur rather than Neil Kinnock?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http
This is statistical
fetishism of a particularly diseased sort. This came out of Reich's
department? They're desperate.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
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bly better to have a crappy pizza delivery job than it was
to stay home collecting the dole and watching TV. Has social democracy come
to this, apologizing for Domino's?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
ema
At 8:20 AM 2/14/96, Michael Perelman wrote:
He then comes to pen-l and asks for advise for
ways to turn the country around without creating a capital strike.
Can't be done, can it?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1
apologies.
You gotta check those automatic attributions, don't you?
Sorry.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
for his words; his
deeds and class position didn't even matter.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
Economic
Outlook, Dec 1995):
US -1.6
Japan -3.9
Germany -3.1
France -5.0
Italy -7.4
UK -5.0
Canada -4.4
ex-soc sec
US -2.5
Japan -7.4
averages
G7 -3.3
non-G7 -4.6
OECD-3.4
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212
just some sort of dinosaur, out of touch with the new era?
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
web: http://www.panix.com/~dhenwood/LBO_home.html
-3.3-3.3+0.0
non-G7 -4.6-4.1-0.5
OECD-3.4
EU -4.9
sources OECD Economic Outlook, Dec 1995, annex table 30
IMF, World Economic Outlook, Oct 1995, annex table A15
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New York NY 10024-3217
USA
+1-212
concede the historical
return point in return for a theoretical/logical explanation.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
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USA
+1-212-874-4020 voice
+1-212-874-3137 fax
email: [EMAIL PROTECTED]
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it happen without a fight.
In America, putting Soc Sec funds into the stocks will drive the Dow to
15,000 and fatten Wall Street pay checks enormously - a form of corporate
welfare that will dwarf all previous forms of subsidy to those that have.
Doug
--
Doug Henwood
Left Business Observer
250 W 85
from Harper's index, March 1996 (citing Ad Week):
percentage of Americans earning less than $30,000 a year who believe "the
meek shall inherit the earth": 61
percentage earning more than $60,000 who believe this: 36
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New Yor
at the poverty level, to be supplemented by some forced savings plan
that diverts current public pension contributions into the financial
markets, and finally a "third leg" of the stool, private savings. In other
words, a system that reinforces existing disparities rather than mildly
undoing them.
Doug
adical perspective has studied that system.
There's quite a bit on this in Chile's Free-Market Miracle: A Second Look,
by Joe Collins and John Lear (Food First Books), though it doesn't really
have much to say about the post-Pinochet era.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
New
of the Drug Policy Foundation,
talking about racial aspects of the drug war.
Doug
--
Doug Henwood
Left Business Observer
250 W 85 St
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rth and we Yankees have heard
nothing about it in our mainstream press.
Doug
--
Doug Henwood
Left Business Observer
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email: [EMAIL PROTECTED]
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nd Barnard strikers (Kate Ohno for Yale and
Maida Rosenstein for Barnard)
Doug
--
Doug Henwood
Left Business Observer
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email: [EMAIL PROTECTED]
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--- Forwarded Message Follows ---
This is not a typical chain letter, in that by passing it on to as
many people as you can, you are taking part in what may yet become the
world's biggest practical joke. The U.S. Government has recently
passed an act which enforces censorship on the
Louis Proyect quoted:
Tyrannical toward himself, he must be tyrannical toward others.
etc.
And then this cold, tyrannical, unidimensional creature, if
successful, takes on state power. Nothing less than horrifying. A
rightwing anti-communist couldn't make a better argument against
Louis Proyect wrote:
Part of every student's cold war indoctrination at my high school in
upstate New York in the 1950s was Arthur Koestler's "Darkness at Noon." We
were told that the novel, in which an "old Bolshevik" confesses to crimes
he did not commit for the sake of the revolution, was
Yoshie Furuhashi wrote:
The Oxford English Dictionary says that the word "tendentious" means
"having a purposed tendency; composed or written with such a tendency or
aim." Given this meaning, why should the word "tendentious" be used as if
it meant something (vaguely) bad?
Because the
Louis Proyect wrote:
No surprise here, Justin. We've been through this in previous go-rounds.
You are a supporter of Sam Farber's approach, who argues that there's a
dotted line between Lenin and Stalin. Zizek's arguments would appeal to
somebody whose understanding of the Russian Revolution is
Yoshie Furuhashi wrote:
I'm looking forward to the PEN-L econ textbook, but no doubt some of my
students will find it "biased." The ruling ideas are in the interest of
the ruling class, and those who go against common sense have to be prepared
for a charge of "bias" and "tendentiousness."
Jim Devine wrote:
from SLATE magazine: Inevitably, reporters run out real questions and
start asking [US Senator GOP presidential candidate John] McCain why he
likes talking to them so much. "It's fun. It's intellectually stimulating,
" he says. "Some of the last of the Trotskyites have been on
Jim Devine wrote:
Doug answers:
I am not now, nor I have I ever been, a Trotskyite. Or a Trotskyist,
either. Just ask a real (ex-)Trot.
Doug, you make it sound like a bad thing!
Trotsky himself seems like not an entirely bad sort, but Trots are
another story entirely, except maybe for the
Louis Proyect wrote:
Try to find some room in your busy reading schedule for
some history, Doug. It will improve your mind.
Thanks for the advice. My mind needs all the help it can get.
Doug
[EMAIL PROTECTED] wrote:
Coase's paper on the
theory of the firm, perhaps THE most important work in 20th century
economics.
Eh? Why? Because for a moment, a big name future Nobelist took note
of nonmarket institutions? More an indictment of the profession than
something worthy of note in
Louis Proyect wrote:
No surprise here, Justin. We've been through this in previous go-rounds.
You are a supporter of Sam Farber's approach, who argues that there's a
dotted line between Lenin and Stalin. Zizek's arguments would appeal to
somebody whose understanding of the Russian Revolution is
Ellen Frank wrote:
I never get it when people talk about how important this
work on transaction costs is, how brilliant and insightful.
And as Coase himself noted, his paper was "much cited and little
used," at least in 1970 when he said that.
It also begins from premises so ridiculous that
Michael Hoover wrote:
Trotsky himself seems like not an entirely bad sort, but Trots are
another story entirely, except maybe for the Mpls general strike. I
can't imagine their net contribution to human betterment to have been
positive, but I'm willing to hear arguments to the
Louis Proyect wrote:
One of the most forceful advocates is Ted Kennedy, who
believed that Joe Six-Pack was getting cheated out of affordable air
travel. I guess neglect and stupidity about air travel runs in the Kennedy
family.
Greg Tarpinian of the Labor Research Association, in a rare act of
Michael Perelman wrote:
Don't fly to Chico from San Francisco. Going to New York is
cheaper. It wasn't
before dereg. So it was not beneficial to all consumers.
The airfare index of the CPI has risen at roughly twice the rate of
the overall CPI since dereg - almost 11% in the last year, vs.
[Gore has the answer to airplane safety - prayer!]
THE WHITE HOUSE
Office of the Vice President
For Immediate Release February 1, 2000
Jim Devine wrote:
I read some stats in LBO awhile back that indicated that price-deregulation
didn't really lead to lower airline ticket prices. Doug?
Yup, this is a long-standing LBO obsession. See other post. The dereg
partisans like to quote real fares per seat-mile, which are down
since
Jim Devine wrote:
However, "Post Keynesian" (which lacks a hyphen, for unknown reason)
That's the way Paul Davidson spells it. I asked him about that once,
and here's his answer:
In the 1970s when Sidney Weintraub and I were organizing a new journal we
asked our editorial board for possible
Timework Web wrote:
I would say that most people -who consider themselves Marxists- are closet
Keynesians.
What's a Marxist? What's a Keynesian?
Doug
Jim Devine wrote:
To me this suggests the possibility of Marx-Keynes syntheses: the
holistic analysis of the capitalist mode of production of vol. I
left out a lot of the important details of finance and the like,
which can be filled in using content from the Keynesian tradition
(Minsky,
Michael Perelman wrote:
Amazon announced that it lost $185 million on sales of $676 million last
year. The stock went up. Isn't America great?
To be fair, it also announced that its book business was profitable
for the first time, and that it expected future losses to narrow,
also for the
Barnet Wagman wrote:
Is there any document or book that fully defines the items in
the Fed's "Flow of Funds" data? The data itself is available
on the Fed's web page but I haven't found anything that
specifies how they define things.
The Fed sells a guide to the flow of funds, with complete
Brad De Long wrote:
Why is there this extraordinary--eager--desire to take Keynes's
quote out of context?
Remarkable, isn't it? Didn't Hayek offer the charming interpretation
that Keynes's queerness made him not care about the future?
Doug
Jim Devine wrote:
Brad asks:
Why is there this extraordinary--eager--desire to take Keynes's
quote out of context?
Unfortunately, Brad, quoting out of context is a major indoor sport.
Marx is quoted out of context more than most. Keynes is hardly the
only target. Worse are made-up quotes, as
Brad De Long wrote:
Brad De Long wrote:
Why is there this extraordinary--eager--desire to take Keynes's
quote out of context?
Remarkable, isn't it? Didn't Hayek offer the charming interpretation
that Keynes's queerness made him not care about the future?
Doug
I missed this. Where?
Dunno,
Charles Brown wrote:
CB: How about if we make a special stipulation that every Black
person except Vernon Jordan gets money ? Or just every Black person
with a net worth below x
How do you define a black person?
Where would the reparations come from? General tax revenues? If so,
then
Jim Devine wrote:
The lower infant mortality rate seems mostly a result of government
investment in public health (rather than relying on the market).
But greater wealth and scientific progress - both of which are
products of capitalism - are what made government investment and the
science
Louis Proyect wrote:
Capitalism does have something to do with lower infant mortality and longer
lifespans. It improved them in Belgium while degrading them in the Belgian
Congo.
People in almost all regions of the world are living longer now than
they did 20, 50, or 100 years ago. To say that
Louis Proyect wrote:
If Doug has figures for the Yoruba or Asante
dynasties, I'd love to see them.
You're the Africa expert. Do tell.
Doug
Louis Proyect wrote:
I wonder which Marxist thinkers of the 20th century Doug has in mind when
he refers to this "ambivalent" attitude. G.A. Cohen? Frank Furedi? John
Roemer?
Ernest Mandel, for one, who wrote the passage appended below. I'm
also curious what you make of these comments by your
Sam Pawlett wrote:
A certain tradition within Marxism. Its not capitalism that brought the
benefits but people struggling for public health, social security etc.
But capitalism made possible the wealth and scientific knowledge that
people struggled over, and the partial socialization of
Louis Proyect wrote:
Essentially, this is the same kind of argument being made by defenders of
capitalism in this discussion. They say that things are getting better in
the third world. Look at life expectancy figures. They are better than they
were 100 years ago. Isn't that progress? Why
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