Economics and Liberating Theory - Part 7 ppsx

... other. Suppose I come and sell my potatoes for money and then my six-year-old breaks his arm running around underneath the vegetable stands, I take him to the emergency room, and by the time we ... a theater, and say there are 100 people and you have the rush-to-the-exit problem. With derivatives, it’s as if without your knowing it, there are another 500 people in the theater, and...

Ngày tải lên: 02/07/2014, 21:20

... liberation and anti- racist movements, and anarchism, as well as from mainstream psychology, sociology, and evolutionary biology where useful. Liberating theory attempts to understand the relationships ... assembly lines, raw materials, and products are objects, and part of the “built” environ- ment. Ruth, Joe, and Sam, the people who work in, or own the factory, are people,...

Ngày tải lên: 02/07/2014, 21:20

... for US Household Income 19 47 93 8 8. Source: Edward Wolff, Economics of Poverty, Inequality and Discrimination (South-Western Publishing, 19 97) : 75 . 9. Walter Park and David Brat, “A Global Kuznets ... important to evaluate and take into account. SELF-MANAGEMENT I define self-management as decision making input in proportion to the degree one is affected, and believe more self-...

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... of self-managed and other-directed or alienated labor, and from the supervisory costs of monitoring employees. Conse- quently the model fails to capture differences in outcomes from labor and credit ... consider the impli- cations of people’s preferences for how they work, and who decides how they work, and discuss the effects of more realistic assumptions about con- sumption and...

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... falls and sell less Markets 97 4. For a rigorous demonstration that endogenous preferences imply snow- balling inefficiency when there are market externalities see theorems 7. 1 and 7. 2 in Hahnel and ... supply and demand closely approximate true marginal social costs and benefits then the individually rational behavior of buyers and sellers and the workings of the micro law...

Ngày tải lên: 02/07/2014, 21:20

... capital-using and labor- saving or capital-saving and labor-saving, and whether they be socially productive or counterproductive. Can we conclude anything definitive about the effect of any cost-reducing ... capital-using and labor-saving. And we know capitalists in industry 1 embraced it when the wage rate was 2. 375 (and the rate of profit was zero), but rejected it when the wage...

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... of supply and demand which is the key to understanding how markets for particular goods and services work. The macro law of supply and demand is the key to understanding how much goods and services ... The old theory was relabeled “micro economics and preserved as the centerpiece of the traditional paradigm, and a new theory called macro economics was created to explain the...

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... ECONOMY MACRO ECONOMICS AND IMF CONDITION- ALITY AGREEMENTS In chapters 6 and 7 we learned how aggregate demand explains the causes of some kinds of unemployment and inflation, and studied the ... goods and services available. And besides the demand that comes from the domestic household, business, and government sectors, foreign demand for exports adds to the demand for fin...

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... is zero. L is the number of person-years employed during the year, and c is the number of shmoos consumed per person-year of employment by both workers and capitalists. 7 This means that total annual ... declines, and when m decreases their real wage rises. 9 Solving the model When added to our basic framework of equations (2), (4), and (6) and the inequality u ≤ 1/a(1), equations...

Ngày tải lên: 02/07/2014, 21:20

... resort to appearances and partial con- cessions. While progressives have every reason to validate people’s desires for economic justice and real participation, and work to expand partial concessions, ... Michael Albert and Robin Hahnel, Marxism and Socialist Theory, and Socialism Today and Tomorrow both published by South End Press in 1981. proportion to the degree they are af...

Ngày tải lên: 02/07/2014, 21:20