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40651 Kalecki on full employment -- rank: 1000

Max Sawicky wrote: >So why does the U.S. tolerate it now at >all, with all the current, pervasive weakness >of the working class? What's to be afraid of? Because of the weak organization of the US working class, I think the ruling class will tolerate a lower rate of U than it would if the w.c. were stronger. But responding to this point: 1) Kalecki said *sustained* full employment, not a cyclical peak, and 2) if the world weren't teetering on the edge of a meltdown, the Fed would have ...

Document Size:	8518
Author:	Doug Henwood
Date:	Fri Oct 9 14:58:07 PDT 1998

40652 Kalecki on full employment -- rank: 1000

Marta Russell wrote: >OK but after reading this I am unclear about what you are saying. The example >given is that of full employment in fascist Germany. We do not know what full >employment would mean in a capitalist democracy. Are you suggesting that full >employment in a democracy would result in fascism? It's arguing that sustained full employment is politically impossible under capitalism unless the state crushes labor. The ruling class just won't tolerate it for long. Places ...

Document Size:	5103
Author:	Doug Henwood
Date:	Fri Oct 9 14:10:31 PDT 1998

40653 Working Families/history's bunk -- rank: 1000

Two interesting items in this week's New York Observer. 1) A couple of weeks ago I forwarded an announcement from the "Working Families Party," an entity created in New York by the national New Party. It was endorsing the dreadful Democratic candidate for governor, NY City Council speaker Peter Vallone, with the hope of getting 50,000 votes on their party line, and with that, a permanent ballot line. The Observer's Devin Leonard reports that the WFP, icky name and all, is a creation of ...

Document Size:	6163
Author:	Doug Henwood
Date:	Fri Oct 9 12:31:21 PDT 1998

40654 Kalecki on full employment -- rank: 1000

[I just posted this excerpt from Michal Kalecki's "Political Aspects of Full Employment" (1943) to the Post Keynesian Thought list. I'm posting it here because I think he's right - and because he shows why there is so little fundamental disagreement between rentiers and industrialists over employment policy. - Doug] In should be first stated that, although most economists are now agreed that full employment may be achieved by government spending, this was by no means the case even in t ...

Document Size:	10556
Author:	Doug Henwood
Date:	Fri Oct 9 11:11:44 PDT 1998

40655 Talking with Joe Stiglitz -- rank: 1000

[Patrick Bond, who's still coping with 1,600 emails that crashed his system while he was away, reports....] From: "Patrick Bond" <bondp at zeus.mgmt.wits.ac.za> Subject: Talking with Joe Stiglitz Ok, here's part of my report-back from some travels to the US and Canada; I think Cansa may host a session on this sometime next week; I'll also send an article I dashed off for one of our weekly papers (tentatively accepted)... but what follows isn't for publication or cross-posting... ...

Document Size:	18098
Author:	Doug Henwood
Date:	Thu Oct 8 21:09:07 PDT 1998

40656 fwd: Re: Henwood on Keynes -- rank: 1000

Rosser Jr, John Barkley quoted Tim Canova: >we recognize that a >Keynesian stimulus put Germans back to work? What more can I say? Doug

Document Size:	4561
Author:	Doug Henwood
Date:	Thu Oct 8 16:07:47 PDT 1998

40657 Advance copy of TPR article on web. . . -- rank: 1000

[for all you Clinton-haters out there] Date: Thu, 8 Oct 1998 13:54:26 -0700 (PDT) X-Sender: ssmith at pop.igc.org (Unverified) Mime-Version: 1.0 To: ssmith at igc.org From: The Progressive Review <ssmith at igc.org> Subject: Advance copy of TPR article on web. . . Because of the fast pace of events during the current unpleasantness, we have posted an advance copy of the lead article in the October issue of the The Progressive Review on the web. The article, "Arkansas Connections&quo ...

Document Size:	6339
Author:	Doug Henwood
Date:	Thu Oct 8 16:05:14 PDT 1998

40658 EMU panel, NYC -- rank: 1000

A panel sponsored by New York URPE will hold forth on European monetary union on Friday, October 8, 6:30 PM, at the Brecht Forum, 122 W 27 St, 10th fl., on the corrupt island of Manhattan. Members include Dorene Isenberg, Thorsten Block, and me. Doug

Document Size:	4610
Author:	Doug Henwood
Date:	Thu Oct 8 16:03:59 PDT 1998

40659 bounce on PR -- rank: 1000

[this bounced for excessive length - here's the URL and the opening graf] Received: from natasha.eden.com (root at natasha.eden.com [199.171.21.14]) by dont.panix.com (8.8.8/8.8.8/PanixLC1.4) with ESMTP id NAA09460 for <lbo-talk at lists.panix.com>; Thu, 8 Oct 1998 13:00:43 -0400 (EDT) Received: from [208.240.161.164] (t1-52.eden.com [208.240.161.52]) by natasha.eden.com (8.8.8/8.8.8) with ESMTP id MAA27609 for <lbo-talk at lists.panix.com>; Thu, 8 Oct 1998 12:00:33 -0500 (CDT) Date: ...

Document Size:	8789
Author:	Doug Henwood
Date:	Thu Oct 8 12:51:00 PDT 1998

40660 cyber-spying -- rank: 1000

Date: Wed, 7 Oct 1998 17:52:27 -0400 (EDT) From: owner-cyber-liberties at aclu.org X-Authentication-Warning: Indy1.newmedium.com: majordom set sender to owner-cyber-liberties at aclu.org using -f to: cyber-liberties at aclu.org re: Cyber-Liberties Update Global News Sender: owner-cyber-liberties at aclu.org Precedence: bulk Cyber-Liberties Update Readers: Attached is an issue of the GILC Activist Alert, also produced by the ACLU in conjunction with member organizations of GILC. If you would like ...

Document Size:	9188
Author:	Doug Henwood
Date:	Wed Oct 7 16:17:03 PDT 1998

40661 Henwood on Keynes -- rank: 1000

Max Sawicky wrote: >You said procapitalist AND elitist, implying >separate deficiencies. How is Keynes the >text elitist, as opposed to Marx? Of course Marx's texts are hard to read, if that's what you mean, but they couldn't be any other way, could they? I'm talking about social philosophies - Keynes was a elitist - his economy would be run by people like him, like there are many of those - and Marx wasn't. Doug

Document Size:	4784
Author:	Doug Henwood
Date:	Wed Oct 7 15:00:30 PDT 1998

40662 Henwood on Keynes -- rank: 1000

Greg Nowell wrote: >However, I think that Doug misses out on one point. It >is not just "the man" or even "the man and *all* of his >work" that is at issue. The fact of the matter is that >the GT can be used (regardless of Mr Keyenes' >dispositions) as a strong platform for a radical >critique of redistributive inequities, on grounds that >are unlike anything to be found in Marx. So in that >sense it is new and useful. The GT opens a wide avenue &g ...

Document Size:	6227
Author:	Doug Henwood
Date:	Wed Oct 7 14:02:37 PDT 1998

40663 Brazil bailout rumor -- rank: 1000

Latest rumor out of Washington, based on an overheard phone conversation at the World Bank/IMF meetings, just reported to me. A Brazilian banker, fresh from meetings, says they've almost got a $50 billion bailout package ready - a package that would be backed by anticipated privatization revenues. Is there that much left in Brazil to privatize, or is this just some confidence trick? Doug

Document Size:	4714
Author:	Doug Henwood
Date:	Wed Oct 7 09:55:23 PDT 1998

40664 Labor and the IMF -- rank: 1000

Max Sawicky wrote: >>Pretty much. The "changes" at the AFL-CIO are largely cosmetic. . . . > > >One criterion to judge which I think is useful >is where money goes. I just heard that the AFL-CIO is spending $10 million a year on international activities, most of it coming from the National Endowment for Democracy and the U.S. Agency for International Development. And what are they doing with this money, now that they've no longer got a Cold War to fight and radical/i ...

Document Size:	5172
Author:	Doug Henwood
Date:	Wed Oct 7 09:46:15 PDT 1998

40665 the 3 K's -- rank: 1000

Lynn Turgeon clarified his position on full employment under fascism for the Post-Keynesian Thought list, in response to a critique of Keynes's own Malthusianism: >Date: Wed, 07 Oct 1998 10:12:56 -0400 (EDT) >Reply-To: pkt at csf.colorado.edu >Sender: owner-pkt at csf.colorado.edu >Precedence: bulk >From: "LYNN TURGEON, PROFESSOR EMERITUS OF ECONOMICS, HOFSTRA UNIVERSITY, >ECOELT at VAXB.HOFSTRA.EDU" <ECOELT at Hofstra.edu> >To: POST-KEYNESIAN THOUGHT <pkt ...

Document Size:	5998
Author:	Doug Henwood
Date:	Wed Oct 7 09:41:30 PDT 1998