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1321 Krugman on Marx -- rank: 1000

At 08:40 PM 8/13/98 -0400, Tom wrote: > >On Fri, 14 Aug 1998, Chris Burford wrote: > >> Labour is not the source of all value, according to Marx (Critique of the >> Gotha Programme). > >I am reading Capital through for the first time right now, so I am raising >this question in the hope of learning something -- not to start an >argument that I won't be able to finish. It appears to me that the >Critique of the Gotha Program says that labor is not the source of ...

Document Size:	6517
Author:	Chris Burford
Date:	Thu Aug 13 23:46:40 PDT 1998

1322 Immiseration -- rank: 1000

At 03:23 PM 8/13/98 -0400, Jeff wrote: >see page 645 of Capital V1 (1967 new world edition). >After talking about the degradation of labor through advancement of the >machine process, to quote: > >"But all methods for the production of surplus-value are at the same >time methods of accumulation; and every extension of accumulatio becomes >again a means for the development of those methods. It follows therefore >that in proportion as capital accumulates, the lot of th ...

Document Size:	6031
Author:	Chris Burford
Date:	Thu Aug 13 16:09:16 PDT 1998

1323 Krugman on Marx -- rank: 1000

At 03:00 PM 8/13/98 -0400, Barkley wrote: > I note that Ian Steedman's _Marx After Sraffa_ >used the Sraffa critique to attack the standard >interpretation of the Marxian LTV. The role of the internet in clarifying these debates is perhaps limited. But one thing proved to my satisfaction, is that Steedman's title was one of the cleverest moves in the criticism of Marxism. It conveys an impression in 3 words that Sraffa's work produced a qualitative change in the way Marx's economic theo ...

Document Size:	6643
Author:	Chris Burford
Date:	Thu Aug 13 16:08:00 PDT 1998

1324 chaoplexity and institutions -- rank: 1000

At 04:53 PM 8/12/98 -0400, Barkley wrote: > There are many chaotic >systems that are actually very resilient, if locally >unstable, including our brains (when we aren't bonkers). Also including *when we are bonkers*, I would argue. I suggest recognisable mental illness is a phase shift into a different pattern of social adaptation of a non-voluntary nature, which requires care by the society. The heart is also a usually very resilient system which works in conformity with chaos theory. ...

Document Size:	5916
Author:	Chris Burford
Date:	Wed Aug 12 23:23:09 PDT 1998

1325 Krugman on Marx - refutations? -- rank: 1000

At 10:11 PM 8/12/98 -0700, Michael Perelman wrote: >James Baird wrote: > >> has there ever been a serious attempt to refute >> Marxian economics by a "mainstream" economist? > >Certainly not a serious attempt. A few, such as Michio Morishima, have >attempted to show how Marx can be recast into mathematical formulae and thus >appear to be respectable. Paul Samuelson has attempted to refute Marx, but >in a clumsy and not very effective way. You just se ...

Document Size:	6683
Author:	Chris Burford
Date:	Wed Aug 12 23:01:07 PDT 1998

1326 Yuan and yen -- rank: 1000

At 02:36 PM 8/12/98 -0400, Seth wrote: >Why is there such a discepancy between what "informed opinion" thinks of >the chances for a Chinese devaluation and what the world's investors >think? The thrust of the International Herald Tribune article which they put on their front page, seems to be that traders and analysts play on concern. Presumably they pick up concern and they look around for a superficial reason for it. They do not have a theory of why Japan is in trouble, but ...

Document Size:	7432
Author:	Chris Burford
Date:	Wed Aug 12 14:07:50 PDT 1998

1327 China will not devalue -- rank: 1000

The International Herald Tribune, marketed as "The World's Daily Newspaper" in European cities, had an article yesterday (Tuesday) arguing that informed opinion by economists and political analysts is that China will not devalue, but markets still suspect it will. The economists are said to understand "the peculiar characteristics of China's half-reformed economic system" but market analysts trying to explain the instability for example on stock markets in Tokyo, Singapore, T ...

Document Size:	10570
Author:	Chris Burford
Date:	Wed Aug 12 00:07:36 PDT 1998

1328 overdetermination -- rank: 1000

As Doug demonstrates, Althusser's concept of overdetermination derives from Freud. I am not sure what the mathematical concept of over-determination is that Brad refers to, but I am not aware that Althusser claimed a mathematical origin of the concept. This still illustrates however the issues of rigour whether in the human, animate, or inanimate sciences. I would suggest that the handling of the issue by Laplanche and Pontalis is as scrupulous as any mathematician. It is the most authoritative ...

Document Size:	8489
Author:	Chris Burford
Date:	Sun Aug 9 15:51:32 PDT 1998

1329 Chaos theory and economics. -- rank: 1000

Last year an extremely sober book was published called the Impact of Chaos on Science and Society (United Nations University Press, Tokyo). It is the proceedings of an international conference held at Tokyo in 1991. In connection with the controversy about post modernist analogies, it might be helpful to get the flavour of strictly non-metaphorical interpretations of the relevance of chaos theory to various studies. In view of the main thrust of this list, I will quote from the conclusion of the ...

Document Size:	6253
Author:	Chris Burford
Date:	Sun Aug 9 16:07:02 PDT 1998

1330 Raid on Hong Kong $ -- rank: 1000

Yesterday my friend informed me that the World Service of the BBC reported that financiers were putting the Hong Kong dollar under pressure and he interpreted it as a further raid. CNN and Bloomberg's did not have anything on this but I found a forex adivsors web site, (www.forex-cmc.co.uk) which stated Asian troubles continue with Obuchi`s budget speech failing to inspire the markets with much of the content already leaked. Consequently the Yen and the Nikkei fell again. Fears grow that China w ...

Document Size:	7552
Author:	Chris Burford
Date:	Sun Aug 9 01:06:44 PDT 1998

1331 Hong Kong's secret strength -- rank: 1000

At 10:20 PM 8/3/98 -0400, Michael Hoover wrote: >> presumably without >> the major housing programme, many more of the population >> would be living in the equivalent of barrios. >> Chris Burford > >probably so, but since the early 1980s, the government started to >change its housing strategy from providing low cost, cheap rent >flats (poor quality units with high maintenance costs & low >rental revenues) to creating high cost housing with high rents or ...

Document Size:	6590
Author:	Chris Burford
Date:	Wed Aug 5 00:04:21 PDT 1998

1332 Hong Kong's secret strength -- rank: 1000

At 07:33 AM 8/3/98 -0800, Doyle wrote: >>>> Your view seems to be that the fundamentals of land rents is a great bulwork against the crisis. I don't get it that we have enough information to judge this here. But I remain interested and open minded. Of course I will continue to shoot "fund manager" data at you until I'm convinced you have the tanking right. <<<<<<< I have been testing out on this list these ideas for a friend who has worked for about ...

Document Size:	7100
Author:	Chris Burford
Date:	Mon Aug 3 15:22:00 PDT 1998

1333 Hong Kong's secret strength -- rank: 1000

>Pretty interesting, eh? Sounds more like Singapore's managed markets than >the casino banking espoused by the neoliberals. > >-- Dennis Many thanks for the concrete details, which give much more depth to the overall picture. Before the British election in 1997 Tony Blair made a show of saying we must learn from the tiger economies. Now there has been a fall out, it is important what lessons get learned, and by whom. Left wingers and marxists could influence this agenda. Regarding Do ...

Document Size:	6061
Author:	Chris Burford
Date:	Mon Aug 3 00:16:36 PDT 1998

1334 [lbo-talk] Kenya to sue UK for human rights abuse -- rank: 1000

>[lbo-talk] Kenya to sue UK for human rights abuse > >From: Ulhas Joglekar (uvj at vsnl.com) >Date: Mon May 19 2003 - 11:39:36 EDT Hurrah ! This will give me particular satisfaction. I remember as an English boy puzzling over the headlines which never really made sense. And let me take the opportunity of thanking Ulhas for the high quality of the selection of the items which he forwards to this list. I can not read them all, but everyone I read, seems to me to give a perspective that ...

Document Size:	5880
Author:	Chris Burford
Date:	Mon May 19 11:02:54 PDT 2003