Carrol, post modern emerges with both transformations in modern art and
post-structuralist discourses. perhaps they merge in the 1960's with the
situationists, guy deboard,et al, the involvement of Henri Lefebvre with
a
political-arts movement that rejected orthodoxy of all forms, defined
Did you get these income and savings #s from FoF?
Christian
- Original Message -
From: Doug Henwood [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, October 04, 2001 3:19 PM
Subject: [PEN-L:18104] Re: RE: Re: RE: fiscal policy
Forstater, Mathew wrote:
Doug - so are you
That's a big stimulus program - the biggest fiscal stimulus in at
least 40 years, according to estimates I just saw from Wall Street
guru Ed Hyman of ISI. A lot of it is targeted at the lower and middle
income brackets, too. Bush is proposing a more aggressive stimulus
program than the Dems
Hi Peter,
I've been spending some time reading macro textbooks and I'm wondering what
your particular reasons for not wanting AS/AD in there. Could you explain?
-Christian
- Original Message -
From: Peter Dorman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, August 24, 2000
My own view is that this problem is (partly) due to the
fact that the gay men who control the fashion are not interested in
real women but prefer them to look asexual or androgynous.
Oh yeah, all my straight male students barf when I mention Tyra Banks. But
now I see it: they're all dupes of
Hey,
Has anybody checked out the article by these Brookings folks about the
changing face of NAIRU? It was mentioned a week or ten days ago in a WSJ
article. I'm just reading through the abstract, but it seems that the basic
idea here is that NAIRU changes depending on how wagemakers use
Michael P wrote a while ago:
"Wynne's work is based on basic accounting principles and so has the
potential of being understood, and maybe even convincing. He shows what's
behind the boom, and shows what would have to occur for it to continue, and
that such a scenario is unlikely, but even
I *finally* stop doing vulgar materialism and start doing cultural
studies, and he wants facts...
As a matter of fact, cultural studies so-called is very interested in facts.
But, many times for the worst, it's not interested in their fact-ness. It is
interested in the way that facts create
Imagine that the households hold large amounts of government debt as
assets.
Other things being equal, if the government runs surpluses, then those
assets
disappear.
I get that. I don't get why the disappearance of those assets automatically
means that the wealth once held in them becomes a
Tom, what's the Leeson text you're citing?
The most recent BIS annual report uses the Phillips curve to speculate about
the effectiveness of a single ECB monetary policy. The authors judge that,
although each country might have its own specific output gap/inflation
relations, "imposing a common
If there would be a philosophy or literature person here, s(he) would
*really* be pissed, not only by the unprofessional use of language but
also by ignorance. I am not a big fun of hermeneutics and deconstruction
either, but I never make the mistake of considering those theorists
writing
But the positive/normative mix could be very different: it seems to me
that
the NAIRU theory could easily be interpreted as an argument for
overthrowing capital. "Capitalism requires a reserve army THAT BIG to
keep
it from punishing us with accelerating inflation??"
The way the PC gets
-gsc.com/
contributions by: * jamie owen daniel * doug henwood * ken surin * rich
daniels * leo parascondola * chantal sundaram * doug ivison * ellie
kennedy * mikael swayze * sarah riegel * aparna sundar and kyoko sato *
and many others
Feature sections
"The WTO and After," edited by
Howdee,
Regulation theory has any number of origins--Alain Lipietz, one its
exemplars, argued that the analyses of "regulation" were in part an attempt
to push the limits of Althusser's notion of "reproduction" in such a way as
to imagine how different kinds of externalities, path dependencies,
Doesn't that create a problem for your--and Michael's--argument that the
only way out of a crisis (e.g., in Japan right now) is to liquidate real
estate, liquidate labor, etc., as Andrew Mellon used to say?
Edwin (Tom) Dickens
I'm not Doug, but I thought the point was that Marx was wrong,
Doug is suggesting that the problem _might_ be solved the good old Maggie
Thatcher or Attila the Hun way, imposing a shake-out that drives out the
weakling capitalists and imposing wage cuts, deunionization, etc. on the
working class. This would raise the rate of profit and eventually
Keynes called this situation a liquidity trap and felt this
was a good argument for fiscal policy and government
investment programs. Unlike private firms, the federal
government can finance long-term projects with short-term
debt.
Ellen
How do you think the situation in Japan reflects
Well, Doug said that Japan confirms Marx rather than Keynes.
I didn't catch this. Doug, would you repost your comments?
Isn't there something more fundamental going on, namely
competition between nations based on the production of automobiles,
computers, and capital goods such as machine
I would settle for a little sense in the debate. I'm tired of hearing Repugs
and Dums alike say that if you allow for same-sex marriages, you allow for
people to marry their dogs. Gay marriage = no marriage, since if you allow
gay marriage, you allow everything. Ugh.
Then again, I find it hard
Brad De Long wrote:
No time. I only managed to say a quarter of what I wanted to say.
Bob Edwards wanted to talk about self-help. So all my points about
how the wealth-to-income ratio is high; how the skewness of the
wealth distribution has grown; how we have the seeming paradox of
low
wotjek wrote:
That is an excellent argument. It is impossible to discuss language while
abstracting form social, economic conditions that produced it. Language is
merely a reflection of material reality that produced it, albeit it has an
"institutional history' that outlives the material
"The fact is that although millions of people in emerging markets have
suffered horribly -- losing their jobs, going bankrupt, sinking into
poverty -- the crisis wasn't long enough or deep enough to result in the
kinds of corrective measures that would result in a less risky global
economy.
louis,
so, you're going to send this puffball little recommendation for moby's new
cd to the list (moby? did i read you right? with that soporific cheezball
mirthful-dirge-cum-moog "everything is wrong" crap? the guy who peddles his
meat-bad-jesus-good politics for warner brothers? ... ), and
howdee,
although wall street prices aren't indexed in the cpi, i'm wondering if
there is some relationship between the stock market boom and inflation.
perhaps what the notion of a "bubble" is supposed to imply--but given that
securities are relatively liquid, wouldn't there be something to the
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