Economics and Liberating Theory - Part 9 pdf

... capital stock, and thereby its potential GDP, than before. Presto! By mid- 199 9 Brazil has been successfully turned into a “debt repayment machine” while the Brazilian economy sinks further and further ... a further loan in the spring of 199 9 another opportunity to insist on additional conditions arises. In exchange for an additional IMF bailout loan in March, 199 9 the IMF requires the...

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

... Economy 4. Lawrence Mishel and Jared Bernstein, The State of Working America 199 4– 199 5 (ME Sharpe, 199 4): 246. 5. The State of Working America 199 8– 199 9: 271. 6. Economic Apartheid in America: 56. 7. ... the private wealth. By 199 9, the richest 1 percent’s share had increased to over 40% of all wealth.” And they calculate that in the twenty-three years between 197 6 and 199 9 w...

Ngày tải lên: 02/07/2014, 21:20

... 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 ... in A General Theory of Exploitation and Class (Harvard University Press, 198 2). In Appendix B of Panic Rules! All You Need to Know About the Global Economy (South End Press, 199 9)...

Ngày tải lên: 02/07/2014, 21:20

... 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 of supply and demand ... excess supply and excess demand, and only at the equilibrium price is there neither excess supply nor excess demand. This particular kind of self- interested behavior of buyers and...

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 ... 14 instead of 12 and W would get 6 – 2 = 4 instead of 6. Finally, if W chose L1' P would get 9 + 2 = 11 instead of 9 and W would get 9 – 2 = 7 instead of 9. Under th...

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... 199 0s and those whose taxes were increased to reduce the deficit from $ 290 billion in 199 2 to $161 billion in 199 5, to zero in 199 8. But it is important to remember who owns the debt. In 199 9 ... 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...

Ngày tải lên: 02/07/2014, 21:20

... savings accounts and money market mutual funds (M2), and repurchase agreements and overnight Eurodollars (M3). By 199 9 people held so much money in money market mutual funds and savings accounts ... claims. Once finance is understood, the Savings and Loan crisis of the 198 0s, international financial crises of the 199 0s and early twenty-first century, and the logic of monetary...

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... toys, and bicycles right after World War II, to exporting steel and automobiles in the 196 0s and early 197 0s, to exporting electronic equipment and computer products by the late 197 0s and early 198 0s. ... 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 dem...

Ngày tải lên: 02/07/2014, 21:20

... Michael Albert and Robin Hahnel, Marxism and Socialist Theory, and Socialism Today and Tomorrow both published by South End Press in 198 1. proportion to the degree they are affected, and stand as a ... 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 exp...

Ngày tải lên: 02/07/2014, 21:20