-fertilization, perhaps through intermediaries like Offe.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
grand to do nothing. Would you? People like that are
saints, not economists. If economists acted like that it would contradict
everything they hold to be true about human motivation.
Michael
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Michael Pollak
to the place as Alsace-Lorraine they are so absolutely
flabbergasted that they don't believe you.
Sometimes I think Democrats and Republicans are the same way.
Michael
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Michael PollakNew York [EMAIL
and well-known that he feels no need? Or is he
being disingenous and passing off something long and complicated and
controversial as if it were an agreed fact?
Inquiring but ignorant minds want to know.
Michael
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Michael Pollak
New York Times
February 1, 2002
Two, Three, Many?
By PAUL KRUGMAN
H ere's a scary question: How many more Enrons are out there?
Even now the conventional wisdom is that Enron was uniquely crooked.
O.K., other companies have engaged in aggressive accounting, the art
form formerly
, in importer's currency) go up, cost advantage
disappears.
would be thrown into reverse, and the currency swings would reinforce the
effect of the original subsidy.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
On Fri, 1 Feb 2002, Sabri Oncu quoted William Safire as saying:
If Bush follows words with deeds, he will avert that disaster. Instead
he will apply his Afghan template: Supply arms and money to 70,000
Kurdish fighters in northern Iraq and a lesser Shiite force in the
south, covering both
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Michael PollakNew York [EMAIL PROTECTED]
A friend is looking for a good left overview of Argentina's economic
history. Any suggestions?
Michael
On Mon, 25 Feb 2002, Devine, James quoted an AIMS paper by Fred McMahon
saying:
Beginning in the late 1960s, the Dutch economy was damaged by what
should have been good news -- the discovery of natural gas in the
Slochteren offshore fields. Offshore revenues did not increase the
economy's
On Thu, 9 May 2002, Joseph Stiglitz was quoted as saying:
Many of America's problems are made in USA. America's deteriorating
fiscal position is leading to a strong dollar, just as the deteriorating
fiscal position of the US after Reagan's irresponsible tax cut of two
decades ago did.
On Mon, 13 May 2002, Michael Perelman wrote:
Theoretically speaking, how does a deteriorating fiscal position lead
to a strong dollar?
deficits = high interest rates = strong dollar.
That makes perfect sense. Except how come for all other countries,
growing deficits lead to weaker
On Sat, 18 May 2002, Devine, James wrote:
Ignoring that, there's Engels' phrase that anti-semitism is the
socialism of fools.
Weenie note: It was actually August Bebel who said that, in 1893.
But you're definately right about there being more than one of them.
Michael
On Tue, 21 May 2002, Fred B. Moseley wrote:
a media evaluation web page voted PK's column the most consistently
partisan of op-ed regulars.
More partisan that pro-Israeli fire-eater and let's-go-get-Saddam
William Safire?
Hey, fair's fair -- Safire's a flaming asshole on those issues,
On Wed, 22 May 2002, Jurriaan Bendien wrote:
This may be a stupid question, but does anyone of the esteemed
economists on the list know where I would find a systematic and
rigorous analysis of information as a commodity?
You might try Brad DeLong Michael Froomkin's article The New Economy
On Wed, 22 May 2002, Michael Perelman wrote:
Damn it. Not micro economics. I need a decent macro text, or is that an
oxymoron?
Just out of curiousity, do you have any opinion of Brad DeLong's new
textbook? I haven't looked at it, I was just wondering if anyone else
has. He naturally has
On Tue, 28 May 2002, Sabri Oncu wrote:
Not at all. We need to figure out a way to add emotions to these
e-mails. The other day I responded to an e-mail I received from
my wife. She was asking me to add a few lines to an e-mail she
was sending to a common friend. In my response I made a joke
On Tue, 2 Jul 2002, Ellen Frank wrote:
A while back there was a billboard in Times Square that tracked the US
federal debt minute by minute. Does anyone happen to know when that was
and who paid for it?
This billboard is now posted on 14th Street, on the south side of Union
Square Park. I
On Fri, 5 Jul 2002, Doug Henwood wrote:
This billboard is now posted on 14th Street, on the south side of Union
Square Park. I don't know if it's still run by the same family. But
the weirdest thing about it is that it kept going up even during the
period under Clinton when the debt was
On Thu, 11 Jul 2002, Carl Remick wrote:
Ralph Waldo Emerson, ... criticizing the utopianism of Charles Fourier,
said in part ...
While we're putting down Utopians, this reminds me of one of my favorite
Keynes quotes, about Bertrand Russell:
Bertie in particular sustained simultaneously a
There was an very interesting and very long article in the WSJ last week
about the curent suffering of coffee farmers:
http://online.wsj.com/article/0,,SB1026078773964234000.djm,00.html
It touched on a lot of interesting topics, but the part that intrigued me
the most was this:
quote
Until
On Sun, 14 Jul 2002, Michael Perelman wrote:
Who compared the courage of the dems. with that of a dead sheep?
I believe it was that being attacked by them was like being ravaged by a
dead sheep -- a line a swift google search suggests was originally coined
by Dennis Healey in the 60s or 70s
them here has obviously not worked. And that the fault
is not Argentina's, but the plan they've been following.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
.
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Michael PollakNew York [EMAIL PROTECTED]
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Michael PollakNew York [EMAIL PROTECTED]
? I'm not
an academic or an economist and I don't publish, if that matters. I'd
just like to read it.
Thanks,
Michael
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Michael PollakNew York [EMAIL PROTECTED]
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Michael PollakNew York [EMAIL PROTECTED]
Am I right in understanding that the list below purports to be a
percentile chart? So production costs in Hungary are 1/100th of what they
are in Japan? That doesn't sound right. If I'm understanding the math,
I'd like to know more about what they are measuring. Does anyone have
access to an
have in mind?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
verain OF VL * superanus = L
super- SUPER - + -anus - AN 1]
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Michael PollakNew York [EMAIL PROTECTED]
Lots of fun. I thought I knew the whole story before, but the details
turned out to be entirely worth plunging into. Just one question --
what's a telephone banking network?
Michael
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Michael PollakNew
Does anyone know if Michael Mann, the sociologist that teaches out at
UCLA, is the son of Thomas Mann? Or related in some other way?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
chael
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Michael PollakNew York [EMAIL PROTECTED]
o overtake
and exceed Britain (partly for reasons beyond the scope of this note).
Jim, if you've written anything on this, I'd love to read it.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
On Fri, 23 Jul 1999, Michael Perelman wrote:
I am open to suggestions about what to do.
Perhaps if we use the process below to register the front page of the
archives with all existing search engines -- and maybe put a bunch of
keywords on that front page -- people would be able to find it
By the way, the archives are still linked to CSF.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
Network, and it takes you right to the
PEN-L Archives.
BTW, this is the non-graphic version of the home page. Maybe he forgot to
delink that? S.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
That was interesting. But for us earthbound readers, what do VFR, IFR and
CG mean?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
overlapping perspectives in a world of shadows.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
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Michael PollakNew York [EMAIL PROTECTED]
.
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Michael PollakNew York [EMAIL PROTECTED]
circumvent them once his hand could be pried off the political levers. And
now, thanks to the route Max describes, the beaches that Moses built are
being happily enjoyed by all the people he despised.
Michael
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Mich
If one of our economists has time on his hands, I'd love to see a critique
of this piece from today's New York Times Op-Ed Page by An Under-Secretary
of Commerce. When he says the national savings rate has increased by 17%,
is that true? And BTW, percent of what over what period? Or is that
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Michael PollakNew York [EMAIL PROTECTED]
his new book _Resource Wars: The New Landscape of Global Conflict_)
that takes a similar position. He thinks struggles over water in arid
will soon be up there with oil and diamonds.
Michael
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Michael Pollak
On Mon, 4 Jun 2001, Tim Bousquet wrote:
I'll spare you any more details unless anyone on this list is
interested. If so, I'll post more info.
I'd be interested in your take on the details, Tim.
Michael
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Michael
will be next?' Now, I've
started having hope. Maybe somewhere along the line they will find a
cure. Meanwhile, I can keep living.
Copyright 2001 The New York Times Company
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Michael PollakNew York [EMAIL
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Michael PollakNew York [EMAIL PROTECTED]
economic
growth, I certainly wouldn't make that case. But its certainly possible
for prices to be market-rational and human irrational, no? Like those
unregulated agriculural prices were for farmers.
Michael
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Michael Pollak
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Michael PollakNew York [EMAIL PROTECTED]
On Thu, 12 Jul 2001, Michael Perelman wrote:
David, I am not sure that anybody but you and Jim are following this
discussion.
Actually I'm enjoying Jim's responses a lot.
Michael
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Michael PollakNew
I don't suppose there's any chance of getting people whose mail programs
multiply re's to change their settings? It soon makes the subject lines
useless for no gain that I can see.
Michael
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Michael Pollak
? Is there good URL to see a summary of these annual
numbers for the last 30 years?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
New York Times
July 19, 2001
In U.S. Unions, Mexico Finds Unlikely Ally on Immigration
By STEVEN GREENHOUSE
L OS ANGELES, July 18 It is rare for foreign officials to address
labor conventions, much less raise their fist in solidarity with the
union members.
But when Mexico's
would make the state
more energy efficient in GSP terms.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
AUG 01, 2001
Blessed Are the Weak
By PAUL KRUGMAN
T reasury Secretary Paul O'Neill recently gave an interview in which
he dismissed claims that the dollar was overvalued, arguing that
concerns about our trade deficit are based on trivial and wrong
notions. He also thinks that
send you a link later. I have to sign off now. Just
let me know if there is any interest.
Sabri, I'm interested, if you still have the link handy.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
in the London Review of Books about his ranch in
Bolivia that was both interesting and odd, and I'd love to be able to
place it in a larger context.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
OBSERVER: Breathless at the Summit
AVENUE OF THE AMERICAS
Financial Times, Apr 23, 2001
snip
Meanwhile, another gathering on the margins of the summit held a different
kind of surprise.
In an effort to show that they were listening to dissenting voices, the
Canadian hosts organised a
On Tue, 24 Apr 2001, Jim Devine wrote:
Anwar Shaikh has a good article.
Do you have a cite handy for that article?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
enjoying your review by installments.
Michael
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Michael PollakNew York [EMAIL PROTECTED]
What about the work of M. Harris and N. Cohen showing that the living
conditions of hunter-gatherers were superior to the average peasant in
the average agrarian society?
N. Cohen?
Michael
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Michael Pollak
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Michael PollakNew York [EMAIL PROTECTED]
no one ever goes away, and where the only prizes on
offer are the esteem of your auditors and their openness to your
arguments, the strategy of rising above your opponents' taunts might win
more of both.
Michael
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Michael
?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
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Michael PollakNew York [EMAIL PROTECTED]
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Michael PollakNew York [EMAIL PROTECTED]
-- which would
mean abolishing the IMF and World Bank as we know them.
So are you a closet abolitionist? Or do you interpret this comparison
differently?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
to be an argument against it. Cet
par, the best growth in the world seems to have come without these
policies. No?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
fallen sharply in the past half-century and still faster in the past
quarter-century. None of the four cells in the table supports this idea
end excerpt
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Michael PollakNew York [EMAIL PROTECTED]
Institutions_ and Robert Gordon's _Macroeconomics_?
Michael
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Michael PollakNew York [EMAIL PROTECTED]
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Michael PollakNew York [EMAIL PROTECTED]
Does anyone know a good article (preferably online) describing the Chinese
banking and currency reforms of 1994, their intentions and results --
especially with regard to the devaluation that followed?
Michael
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Michael
The only way to make India less poor is to industrialize somehow.
On that we agree. Insofar as Shiva fans are indicating that there might
be radically different patterns of industrialization that might be better
than the dominant one, especially when it comes to farming, for the
welfare of
On Fri, 26 Jul 2002, Doug Henwood wrote:
So women should stay at home and mash lentils rather than having this
process industrialized? How many lentils does Shiva mash, in between her
visits to Japan and San Francisco? Or is there one rule for educated
professional women, and another for
On Fri, 26 Jul 2002, Doug Henwood wrote:
Grinding flour is a synecdoche for a society characterized by a large
pesantry producing very low-tech goods in households and small
villages. That style of production is inconsitent with being nonpoor.
Calling it a synecdoche assumes what is to be
On Sat, 27 Jul 2002, Doug Henwood wrote:
How can you have electricity or hospitals (presumably with drugs and
equipment) without large-scale production, and how can you improve
the productivity of small-scale agriculture without the kinds of
inputs made in factories?
You can't. But you
On Sat, 27 Jul 2002, Yoshie Furuhashi wrote:
But you can have an extensively settled countryside and big cities in
the same country. snip You don't need to depopulate the countryside
in order to produce the goods it needs.
Where do urban and suburban wage workers come from, then, if not
On Sat, 27 Jul 2002, Michael Perelman wrote:
Regarding the other Michael P.'s idea about the gradual release of
people from agriculture, in researching classical political economy in
my book, The Invention of Capitalism, I found that the old classical
political economists were very much
On Sun, 28 Jul 2002, Ulhas Joglekar wrote:
The share of agriculture in India's GDP has declined from 55% in 1950 to
26% in 2000.
Out of curiousity, Ulhas, what's its share in terms of percentage of
population?
Michael
On Mon, 29 Jul 2002, Ulhas Joglekar wrote:
Indian industry has considerable interest in development of rural
incomes, since exports are only 10% of the annual corporate sales. India
has not pursued the strategy of export-led growth. The growth involves
widening and deepening of internal
On Sun, 28 Jul 2002, Ulhas Joglekar wrote:
I don't see at all how an alternate development of the countryside
contradicts advanced industrial production. This seems like a false
dichotomy.
Michael, I am not sure this is true of industrial crops such as cotton,
oilseeds, sugarcane
On Sun, 28 Jul 2002, Ulhas Joglekar wrote:
France preserved its peasant economy along with industrial advancement
in the 19th century. Marx said in the 18th Brumaire those peasants
were at a cul-de-sac of history. But they were still around a century
later. And then they won
On Mon, 29 Jul 2002, Ulhas Joglekar wrote:
Ulhas, could recommend a good book that describes India's distinctive,
and recently fairly successful, non-export-led development path?
Michael, I am not sure what period you have in mind.
I'm sorry, I should have been clearer. I'm thinking of
On Mon, 29 Jul 2002 Bill Burgess wrote:
The US is being cited as a **positive example** of the ability of (some)
local governments to tax local income, sales, payroll, hotel rooms,
etc., while in Canada local governments are (generally) restricted to
taxing only real property. I'm trying
On Mon, 29 Jul 2002, Devine, James wrote:
Speaking of expertise, my computer won't start. It tells me Non System
Disk or Disk Error. Replace and strike any Key when ready. Not only
can't I find the any key (usually the enter key will do)
You are joking, right? I don't see a happy face :o)
On Tue, 30 Jul 2002, Ulhas Joglekar wrote:
You could be right about cotton production in Mali. My point is not about
cotton production for exports. My point was about textile industry
I don't think that changes the basic equation, Ulhas. The question still
is, how best to produce cotton of
The Hindu
Tuesday, Jul 30, 2002
Jordan opposes action against Iraq
snip
[King Abdullah] warned that the hawks in the Bush administration,
pressing for an attack on Iraq, posed a threat to American strategic
interests'' in West Asia.
I saw the Middle East referred to as West Asia once
On Thu, 15 Aug 2002, Doug Henwood wrote:
I'm interviewing Joseph Stiglitz on my radio show in about 2 hours
(assuming he shows up). Anyone have any questions for him? I'll be in
email range only until about 4:15 NYC time, when I leave for the
studio.
Damn, I had a good question, but I was
On Fri, 16 Aug 2002, Paul Krugman was quoted as saying
quote
Mind the Gap
By PAUL KRUGMAN
H ow much has Japan's economy shrunk since its bubble burst? It's a
trick question; Japan's economy hasn't shrunk. It had only two down
years over the past decade, and on average it grew
On Sat, 17 Aug 2002, Michael Perelman wrote:
I suspect that the war is directed at the Nov. elections.
Michael, if it will cheer you up, I'll bet you there's no war before the
elections. In fact I'll give you 2 to 1. And if you'll give me 2 to 1,
I'll bet you they will be no war in next 365
On Sun, 18 Aug 2002, Devine, James wrote:
Michael, I bet you that there will be no war against Iraq before the
November election. If there is, I'll give you a full case of the best
carrot juice.
Yecch! How about 50 bucks?
Of course, we need to define war. I'll let you do it and then
Bush I sloshed about looking for a justification [e.g., Baker, It's
about oil] and none took hold until he warned that Saddam had nukes
ready to fly.
No, that was the excuse. The strategic justification for Gulf War I was
to destroy Saddam's army, which was too big for our liking, because
[This is an email from a friend of mine who has spent a lot of time
thinking about the relation of military and nation in Europe from the
French revolution onwards, and spent a lot of time travelling around
Africa and hanging out at Oxford during the early days of
de-colonialization. I thought
[Krugman reviews Greenspans performance. Interestingly, according to
Krugman, Greenspan seems to have said exactly the opposite about margin
requirements at the time]
The New York Times
September 3, 2002
Passing the Buck
By PAUL KRUGMAN
S omewhere I read about a conference on optimal
[The loss against Argentina was just a first round loss. This is for
keeps]
New York Times
September 6, 2002
U.S. Eliminated From World Championships
By HARVEY ARATON
I NDIANAPOLIS, Sept. 5 Already stripped of its unblemished record and
even its home-court flavor, the United States
Yesterday I read for the third time a reference to the fact that Sri Lanka
is supposedly going through its first recession since independence in
1948. The first two times I thought it was a misprint but now it's
beginning to bug me. It's not possible for a market economy not to have a
On Tue, 18 Sep 2002, Anthony D'Costa wrote:
I don't think the civil war has lasted 30 years
I'm sorry, that was a typo. I meant 20, which is still rounding up a
year. It started in 1983.
Still unclear about the rest, though. Do developing countries commonly go
decades without a recession,
On Thu, 26 Sep 2002, Michael Perelman quotes Johannes saying:
I do not know whether this is common knowledge outside Germany, but the
German Greens are definitely to the right of the Social Democrats. This
is not just my opinion as a malevolent Marxist, but it is confirmed by
today's
On Fri, 27 Sep 2002, Michael Perelman wrote:
Smoking gun had a video of a drunk W. and by the looks of it the event was
not too long ago.
I still for the life of me can't figure out why anyone thinks that tape
portrays Bush being drunk. His shtick there was the fastest, smartest,
most
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