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41011 Future of Keynesianism -- rank: 1000

Mathew Forstater wrote: >neoclassical synthesis Keynesianism couldn't explain that or anything >else, but Keynesianism, even of a crude kind, could and can easily explain >stagflation. The idea that deficient demand means unemployment and excess >demand means inflation and therefore you can't have both at the same time >in the K view is a caricature. Simplistically, there are other kinds of >inflation than that due to excess demand. Further, the 'failure' of >policy to 'cu ...

Document Size:	7037
Author:	Doug Henwood
Date:	Thu Jun 25 08:25:15 PDT 1998

41012 evolution of black radical thought -- rank: 1000

This post from Lou Proyect bounced to me, because it included a long excerpt from Herb Boyd's piece on the evolution of black radical thought that exceeded majordomo's 30,000 character limit. I've replaced the text with the URL for those interested in checking it out. Doug ---- Rakesh: >Charles wants to defend the integrity of the BRC on the one hand and third >world and black nationalism more generally on the other hand. I still >don't think he has given any counter-reason to my skepti ...

Document Size:	6050
Author:	Doug Henwood
Date:	Thu Jun 25 07:32:13 PDT 1998

41013 Shaikh on stockmarket -- rank: 1000

Anwar Shaikh's paper on the stock market is now electronically available. I don't agree with it - his effort to dismiss any psychological explanation of stock prices seems almost scriptural in its orthodoxy (proving once again that bourgeois economics and strict Marxian economics have a lot in common), and his model looks like a roundabout way of capturing business cycle effects - but he's always worth reading. Doug ---- "The Stock Market and the Corporate Sector: A Profit-Based Approach&q ...

Document Size:	8077
Author:	Doug Henwood
Date:	Thu Jun 25 06:37:12 PDT 1998

41014 against 'entrenched identities' -- rank: 1000

MScoleman at aol.com wrote: >I agree with this. Further, I still think much of the left uses the 'excuse' >that issues of race and gender and sexuality fall under identity politics to >avoid the arduous task of synthesizing issues of race AND gender and sexuality >AND class -- in other words, many people 'accused' of identity politics have >moved beyond that point to synthesize issues of difference with issues of >class, but (it seems to me from discussion on lists and at conf ...

Document Size:	6542
Author:	Doug Henwood
Date:	Thu Jun 25 06:21:41 PDT 1998

41015 Future of Keynesianism -- rank: 1000

Rakesh Bhandari quoted Mat Forstater: >I know this is controversial for >some pkers to get, but in an economy operating with excess capacity >and unemployment, BUDGET DEFICITS ARE A SOURCE OF AGGREGATE DEMAND. I'm >sure I sound like a crank for taking such a view. Well, when >you cut those deficits, and exports can't grow (which is only >'beggar-thy-neighbor' anyway), and private investment can't grow. and >consumption can't grow, well...Y = C + I + G + X - M. So when the bu ...

Document Size:	9154
Author:	Doug Henwood
Date:	Wed Jun 24 08:03:39 PDT 1998

41016 render unto Caesar... -- rank: 1000

...as little as you can get away with. >From ERN's Public Economics Abstracts: > "When Is Tax Evasion Unethical?" > > BY: ROBERT W. MCGEE > The Dumont Institute for Public Policy Research > > > SSRN Electronic Document Delivery: > http://papers.ssrn.com/paper.taf?abstract_id=74420 > > Other Electronic Document Delivery: > http://www.dumontinst.com > > SSRN provides support only for papers downloaded from ...

Document Size:	6759
Author:	Doug Henwood
Date:	Wed Jun 24 07:46:14 PDT 1998

41017 Report from Z Media Institute 98 (fwd) -- rank: 1000

William S. Lear wrote: >On Tue, June 23, 1998 at 16:04:00 (-0400) Doug Henwood writes: >>jf noonan wrote: >> >>>What is ParEcon? Is this a formal model or is it a catchy name for >>>an old fashioned democraticly run coop? Anybody know? >>... >>Albert & Hahnel have 2 books about this model, one academic version and one >>pop version. Plus Albert writes about it all the time in Z. It's supposed >>to be antihierarchical, with everything ...

Document Size:	5831
Author:	Doug Henwood
Date:	Tue Jun 23 13:27:11 PDT 1998

41018 BRC agenda -- rank: 1000

I don't think anyone's mentioned this, but the BRC's Black Freedom Agenda is on The Black World Today's website at <http://www.tbwt.com/brc/agenda.htm>. Rhetorically at least, they're not kidding around: >What we want is an end to the exploitation of >capitalism, white racism and every manifestation of human oppression, a >revolutionary transformation of the state and society, and the >realization of humanistic values. What can unite us in struggle is a >common vision and ag ...

Document Size:	5967
Author:	Doug Henwood
Date:	Tue Jun 23 13:10:51 PDT 1998

41019 Report from Z Media Institute 98 (fwd) -- rank: 1000

jf noonan wrote: >What is ParEcon? Is this a formal model or is it a catchy name for >an old fashioned democraticly run coop? Anybody know? > >-- > >Joseph Noonan >jfn1 at msc.com > >---------- Forwarded message ---------- > >Report from Z Media Institute, Woods Hole, MA >Jun 23, 1998 Toronto, Ontario, Canada >By Adam Tworkowski > >[much snippage] > >The principles behind what is known as >Participatory Economics (ParEcon for short) are equ ...

Document Size:	6040
Author:	Doug Henwood
Date:	Tue Jun 23 13:04:00 PDT 1998

41020 race & class -- rank: 1000

Hmm, that Sleepyhead song continues to be the soundtrack. All we need is the ton of grass. Anyway, in The American Perception of Class, sociologists Reeve Vanneman and Lynn Weber Cannon present evidence showing that there's nothing incompatible between class and ethnic identification - on the contrary, the two are often correlated. They theorize that the real contradiction is between "the committed individual who is closely enmeshed in networks of both class and community, and the isolated ...

Document Size:	4908
Author:	Doug Henwood
Date:	Tue Jun 23 12:02:31 PDT 1998

41021 Black Radical Congress; "left" conservatism -- rank: 1000

Mike Yates wrote: >Now, to put the meeting in context, the "New Voice" leadership of the >AFL-CIO had done little by way of making race a central isue in the >rebuilding of the labor movement, and it still has not. This rankled most >of the participants at the conference. Now the question is, how could >racial issues be brought to the forefront of the AFL-CIO? One of the principal organizers of the BRC was the AFL-CIO's education director, Bill Fletcher. I just spoke w ...

Document Size:	5578
Author:	Doug Henwood
Date:	Tue Jun 23 11:47:50 PDT 1998

41022 Black Radical Congress and "the Left" -- rank: 1000

This discussion of the BRC is providing more heat than light, since no one's really reported what went on there. Does anyone know what was discussed and by whom, and what, if any, post-conference organizational plans were made? Doug

Document Size:	4799
Author:	Doug Henwood
Date:	Tue Jun 23 11:21:36 PDT 1998

41023 Labor Party -- rank: 1000

Alex LoCascio wrote: >Doug, since you're a member of the Labor Party should I take that as an >inducement to join? I too have given much thought to joining, although I >share a lot of the fears that some have about it becoming a playground >for leftists rather than a party for workers. Who knows what it is? At bad moments, I'm afraid it'll be taken over by labor bureaucrats - the better, more enlightened ones, admittedly. And I don't know what to make of their $10/hr minimum wage co ...

Document Size:	5324
Author:	Doug Henwood
Date:	Mon Jun 22 15:04:32 PDT 1998

41024 airports -- rank: 1000

[This post from Dave Roberts bounced.] Received: from smtp.stratos.net (home2.stratos.net [209.117.223.3]) by dont.panix.com (8.8.8/8.8.8/PanixLC1.4) with SMTP id RAA14390 for <lbo-talk at lists.panix.com>; Sun, 21 Jun 1998 17:44:33 -0400 (EDT) Received: from lhanft.stratos.net [207.86.133.25] by smtp.stratos.net (SMTPD32-4.03) id AEC840112; Sun, 21 Jun 1998 17:44:40 est Message-Id: <3.0.5.32.19980621175540.007b3ab0 at stratos.net> X-Sender: lhanft at stratos.net X-Mailer: QUALCOMM W ...

Document Size:	9134
Author:	Doug Henwood
Date:	Mon Jun 22 12:32:36 PDT 1998

41025 Black Radical Congress and "the Left" -- rank: 1000

Doyle Saylor wrote: >It appears from the commentary I've seen that Black Radical Congress >allowed "whites" to attend. So I suppose one would have to ask what is >the point of the comment that "whites" were excluded? That was the word from the organizers as of Wednesday morning, as told to the organizers of the Marxist Literary Group conference (both were held at the University of Illinois-Chicago); obviously reality turned out different. Doug

Document Size:	5081
Author:	Doug Henwood
Date:	Mon Jun 22 12:27:22 PDT 1998