Economics and Liberating Theory - Part 10 potx

... resort to appearances and partial con-cessions.While progressives have every reason to validate people’s desiresfor 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 bySouth End Press in 1981.proportion to the degree they are affected, and stand as a ... else, and some will be self-employed. Moreover, who will be employers, employees, orself-employed is determined for the most part neither randomly norby peoples’ relative preferences for self-managed...

Economics and Liberating Theory - Part 1 pdf

... liberation and anti-racist movements, and anarchism, as well as from mainstreampsychology, sociology, and evolutionary biology where useful. Liberating theory attempts to understand the relationships ... assembly lines, rawmaterials, and products are objects, and part of the “built” environ-ment. Ruth, Joe, and Sam, the people who work in, or own thefactory, are people, and part of society’s human ... question. Economics and Liberating Theory 3dependent on our social environment – as explained below. Since afew species needs and powers are especially critical to understandinghow humans and human...

Economics and Liberating Theory - Part 2 pps

... Edward Wolff, Economics of Poverty, Inequality and Discrimination(South-Western Publishing, 1997): 75.9. Walter Park and David Brat, “A Global Kuznets Curve?” Kylos, Vol. 48,1995: 110. employees ... important to evaluate and take into account.SELF-MANAGEMENTI define self-management as decision making input in proportion to thedegree one is affected, and believe more self-management is desirable,all ... production and consumption of apples.The conclusion is for all A < A(0) we should expand appleproduction (and consumption), and for all A > A(0) we should reduceapple production (and consumption.)...

Economics and Liberating Theory - Part 3 docx

... 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 fromlabor and credit ... consider the impli-cations of people’s preferences for how they work, and who decides howthey work, and discuss the effects of more realistic assumptions about con-sumption and savings later.seed ... Clearly if weopen a labor market and some people become employers and othersbecome employees classes will emerge. And if we open a creditmarket and some become lenders and others borrowers classes...

Economics and Liberating Theory - Part 4 doc

... supply and demand closely approximate true marginalsocial costs and benefits then the individually rational behavior ofbuyers 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 thereneither excess supply nor excess demand. This particular kind of self-interested behavior of buyers and sellers – ... supply and demandI call the third “law” the micro law of supply and demand to dis-tinguish it from a different law we study in chapter 6 that I call the“macro law of supply and demand.” The...

Economics and Liberating Theory - Part 5 doc

... capital-using and labor-saving or capital-saving and labor-saving, and whether they besocially productive or counterproductive. Can we concludeanything definitive about the effect of any cost-reducing ... since the cost-reducing change took place in industry 1, and the uniform rate ofprofit in the economy is slightly higher (10. 2% > 10% .) Since thechange was capital-using and labor-saving this ... prices, and the wage rate in theeconomy? Marx hypothesized that capitalist development would entail capital-using, labor-saving changes more often than capital-saving, labor-using changes, and...

Economics and Liberating Theory - Part 6 ppt

... of supply and demand which isthe key to understanding how markets for particular goods and services work. The macro law of supply and demand is the key tounderstanding how much goods and services ... The old theory was relabeled “micro economics and preserved as the centerpieceof the traditional paradigm, and a new theory called macro economics was created to explain the causes and remedies ... goods and services ingeneral and demand for goods and services in general. The miscon-ception that undermined the ability of most economists beforeKeynes to understand the macro law of supply and...

Economics and Liberating Theory - Part 7 ppsx

... a theater, and saythere are 100 people and you have the rush-to-the-exit problem. Withderivatives, it’s as if without your knowing it, there are another 500 peoplein the theater, and you can’t ... other. Suppose I come and sell my potatoes for money and then my six-year-old breaks his armrunning around underneath the vegetable stands, I take him to theemergency room, and by the time we ... multiparty swaps. Searchingthrough ads to find all mutually beneficial, multiparty deals takestime – more than most people have – and guaranteeing the com-mitments and terms of multiparty...

Economics and Liberating Theory - Part 8 docx

... ECONOMY MACRO ECONOMICS AND IMF CONDITION-ALITY AGREEMENTSIn chapters 6 and 7 we learned how aggregate demand explains thecauses of some kinds of unemployment and inflation, and studiedthe ... goods and services available. And besides thedemand that comes from the domestic household, business, and government sectors, foreign demand for exports adds to the demandfor final goods and ... mainstream trade theory itself. After David Ricardo’s theory of comparative advantage, the most famous theory in inter-national economics is due to two Scandinavian economists, EliHeckscher and Bertil...

Economics and Liberating Theory - Part 9 pdf

... initially used the investmentequation, I = 200 – 100 0r, to solve for I(1) when r(1) was 10% or 0 .10 I(1) = 200 – 100 0r(1) = 200 – 100 0(0 .10) = 200 – 100 = 100 We now use the same equation to see what ... bargaining power increases and Macro Economic Models 235Y(1) = 60 + (4⁄5)[Y(1) 100 ] + 150 – 100 0(0.05) + 120 + 120 – [50 +(1 10) Y(1)]Y(1) – (4⁄5)Y(1) + (1 10) Y(1) = (3 10) Y(1) = 60 – 80 + ... or how thegoods and labor markets function. By adding a political economy theory of business investment, and a political economy theory aboutthe struggle between employers and employees over...

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