From the Editor
Fall semester has arrived for many and this means it
is the season for heterodox job adverts. So if you
are planning on hiring a (hopefully) heterodox
economist, please send me the advert at the same
time you are sending it to JOE. In the
Newsletter there is a very interesting job
advert from the University of Vermont with regard to
a diversity cluster hire.
In the Newsletter there are a couple of
items I would like to note. The first two are
interesting web sites—the first is Heednet which
deals with the environment and sustainable
development policy and the second is ICLAD that
deals with law and development. The third is the
Mayer Foundation web site. It deals with issues that
range beyond economics which may interest you.
Newsletter also has its usual range of call for
papers, conferences, journals and books, and a book
review on “The Bias of the World: Theories of
Unequal Exchange in History”.
Finally, this past week I read a paper that argued
in part (or at least it seem to me) that heterodox
economists should not really grumble too much about
the mainstream for if you do you will be ignored and
left behind. This position brings to mind a little
ditty by William Cobbett but somewhat altered:
Let dungeons, gags, and hangman’s nose
Let bullying, threats, and profs verbose
Make you content and humble
Make you mainstream and humble
Your heav’nly crown you’ll surely lose,
Your professional name you’ll surely lose
If, here, on earth, you grumble.
If, here, in economics, you grumble.
William Cobbertt (1833)
Fred Lee
In this issue:
|
Call for Papers |
|
- Second Seminar of Heterodox Microeconomics
- Seventh Congress of the U.S. Basic Income Guarantee Network
- Forum The Spirit of Innovation III - 2008
- Global Studies Association- Seventh Annual International
Conference
|
|
Conferences, Seminars and Lectures |
|
- “What’s the Economy For, Anyway?”
Conference
- Launch Lecture for UNCTAD
- Symposium on Economics and Sustainability
- SCEME Workshop on Knowledge
- The High Road Runs Through the City: Advocating for Economic
Justice at the Local Level
- Marxism and Political Economy
- Fair Employment Forums
|
|
Job Postings for Heterodox Economists |
|
- Locker Associates, Inc.
- University of Vermont – Diversity Cluster Hire
|
|
Heterodox Conference Papers and Reports and Articles |
|
- “The Employer of Last Resort Programme:
Could It Work for Developing Countries?”
- An article by Dean Baker
|
|
Heterodox Journals and Newsletters |
|
- The European Journal of the History of
Economic Thought
- Revue du MAUSS
- The Associative Economics Bulletin
- CASE Newsletter
- Journal of the History of Economic Thought
- Feminist Economics
- Journal of the History of Economic Thought
- History of Economics Review 45, Winter 2007
- Metroeconomica
- International Review of Applied Economics
|
|
Heterodox Books, Book Series, and Book Reviews |
|
- An Australian Charter of Employment Rights
- An Empire of Indifference
- The Origins of Capitalism and the "Rise of the West"
- The Bias of the World: Theories of Unequal Exchange in History
- Feminist Economics of Trade
- Introduction to Ecological Economics
|
|
Heterodox Websites |
|
- Heednet |
|
For Your Information |
|
- ICLAD International Consortium for Law and
Development
- Charles Leopold Mayer Foundation for the Progress of Humankind
- www.d-p-h.info
- In Time of Tumult,Obscure Economist Gains Currency
- Turning Your Labor Activism Into a Career |
|
|
Call for Papers
Second Seminar of Heterodox
Microeconomics
The goal of the Second Seminary of Heterodox Microeconomics at Mexico is
to be a space of microeconomics analysis from a heterodox perspective.
This seminary desires to contribute to the investigation’s development,
discussion and communication, between the researches community of those
who are working on the field of heterodox microeconomics: the monopoly,
oligopoly, industry, firm, consumer, etc., and the microeconomic
foundations.
The Second Seminary of Heterodox Microeconomics will be held at the
Faculty of Economics, at UNIVERSIDAD NACIONAL AUTÓNOMA DE MEXICO UNAM
from the 10th to the 13th of October 2007. The deadline for submission
of papers is September 15th 2007.
We invite all interested professors, researches, and intellectuals to
participate in this effort, through essays, articles, and research
whether concluded or in process in the field of the microeconomics.
The special guest of that seminary edition is Dr. Mark Lavoie, who will
present two magisterial conferences, and a lecture of heterodox
microeconomics.
The central subject of the Second Seminary of Heterodox Microeconomic
is:
THE MONOPOLY, THEORY AND PRACTICE
The Seminary’s committee encourages all present papers dealing with
theory and practice about monopoly, oligopoly, mega corporations and
multinational firms. The paper can be developing theoretical or applied
issues, for example; Agro industry, mining, industry, services, banking
system, telephony, etc.
The seminary will consider papers on the following fields of knowledge:
• Inflation and growth
• Definitions and general concepts of the microeconomics
• Supply Theory and praxis
• Demand Theory and praxis
• Contributions to education and learning of the microeconomics from the
perspective of the heterodox microeconomics.
Some other subject of relevance in the field of the microeconomics could
be put under consideration for the committee.
In this Second Seminary, we emphasize that we are looking forward to
create a space of discussion and analysis. This is the reason why the
presentation of each subject will consist on a maximum of 30 minutes of
presentation and 20 minutes of discussion, with the aim that the speaker
will beneficiates from observations of specialists on the subject.
The documents to submit can be:
• theoretical or empirical, in process or finished
• they must consist on maximum of 30 pages, double-spaced,
• Including an abstract: of not more than 500 words to be send by email.
It
will be in Spanish and English.
The participants are to submit their application by e-mail as soon as
possible.
The documents presented in the seminary will be evaluated in order to
publish them if it is possible in an anthology of works on heterodox
microeconomics.
Send your application to:
Professor Gustavo Vargas
Faculty of Economics
UNIVERSIDAD NACIONAL AUTÓNOMA DE MEXICO
vargassanchez@hotmail.com
Seventh Congress of the U.S.
Basic Income Guarantee Network
WHAT NEXT: FRAMING A BIG DISCUSSION FOR THE NEXT ELECTION AND BEYOND
March 7-9, 2008
Boston Park Plaza Hotel, Boston, MA
Featured Speakers:
Philippe Van Parijs
Harvard University and the Catholic University of Louvain
Sean Healy
Co-Director of the Justice Commission of the Council of the Religious of
Ireland
Brigid Reynolds
Co-Director of the Justice Commission of the Council of the Religious of
Ireland
The United States is in the midst of an early 2008 Presidential election
season. Although the nation is focused on President George Bush’s
foreign policy and the “war on terror,” the current administration has
left an extensive domestic legacy as well: massive tax cuts, a
controversial prescription drug plan for the elderly, educational reform
through No Child Left Behind, increased work requirements for welfare
recipients, more support for faith-based initiatives, and a rightward
shift of the United States Supreme Court. When it comes to poverty, Bush
has argued that poverty can most successfully be addressed through
higher rates of marriage and increased work effort. With a change of
administration coming, many hope that there will be new domestic policy
initiatives as well as a change in foreign policy. Yet none of the major
candidates are proposing policies that would eradicate poverty, nor
ensure a safety net for future generations.
Click here for detailed
information.
Forum The Spirit of Innovation
III - 2008
1- "Services, Innovation and Sustainable Development" March, 26-28,
2008, Poitiers, France. Deadline: September 30, 2007
http://riien.univ-littoral.fr/wp-content/uploads/2007/07/Call_for_papers_2008.pdf
2- "Innovation Networks", May, 14-16, 2008, Tacoma, Washington, USA.
Deadline: October 19, 2007
http://riien.univ-littoral.fr/wp-content/uploads/2007/08/Tacoma_Seattle_Call2008.pdf
More information on:
http://riien.univ-littoral.fr/
Global Studies Association- Seventh Annual
International Conference
Nationalism and Globalization in Conflict and Transition
Pace University, New York City
June 6 – 8th 2008
The GSA is an organization with members in Canada, the U.S and Mexico.
Its purpose is to promote cross-disciplinary discussions and debates
among progressive and left academics and activists. We also work to
build a left presence in the developing field of globalization study
programs and include students in our activities. Our previous
conferences have been held at Loyola and DePaul University in Chicago,
UC Santa Barbara and UC Irvine, Brandeis, University of Tennessee and
Windsor University.
We would like to invite URPE and its circle of friends and supporters to
participate in our upcoming conference in New York.
Abstracts for presentations are now being accepted and can be addressed
to Jerry Harris at gharris234@comcast.net
For further information on the
GSA you can visit our web site at:
http://www.net4dem.org/mayglobal
Top
Conferences, Seminars and Lectures
“What’s the Economy For, Anyway?” Conference
WHEN: October 5-7, 2007
WHERE: Washington DC, U.S.A. Convention Center (part of the annual Green
Festival)
What’s the economy for, anyway? Is it just about having the biggest GDP
or the highest Dow Jones Average? Or is it about providing for a
healthy, happy, fair and sustainable society? If you think quality of
life matters, and wonder how the United States compares to other
countries when it comes to providing for its people, then the WHAT’S THE
ECONOMY FOR, ANYWAY? Conference is for you! Dozens of prominent experts
and activists will offers parts of the answer to the big question and
offer out-of-the-box ideas about what we can do to make our economy
serve us instead of vice-versa. Three tracks include FINDING HAPPINESS,
SEEKING JUSTICE and SECURING SUSTAINABILITY.
Nearly 100 confirmed prominent speakers, including:
Nancy Folbre, feminist economist, author of The Invisible Heart
Gar Alperovitz, author of America After Capitalism
Vicki Robin, author of Your Money or Your Life
Riane Eisler, author of The Real Wealth of Nations, The Chalice and the
Blade
Juliet Schor, author of The Overworked American, Born to Buy
Dean Baker, author of The United States Since 1980
Eric Liu, former presidential speechwriter and domestic adviser for Bill
Clinton
Hunter Lovins, co-author of Natural Capitalism
Ann Crittenden, author of The High Price of Motherhood
Kim Gandy, President of the National Organization for Women
John Stauber, author or Trust Us, We’re Experts, Weapons of Mass
Deception
Jared Bernstein, director of The Economic Policy Institute
Kristin Rowe-Finkbeiner, co-author of The Motherhood Manifesto
Celinda Lake, Democratic pollster, author of What Women Really Want
Frances Moore Lappe, author of Diet for a Small Planet, Hope’s Edge
Bill Spriggs, Chairman, Economics Department, Howard University
Karen Nussbaum, AFL-CIO, former director, Women’s Bureau, US Dept. of
Labor
Bill McKibben, author of Deep Economy, The End of Nature
Peter Barnes, co-founder of Working Assets and author of Capitalism 3.0
Karen Kornbluh, Policy Director for Senator Obama
James Lardner, editor of Inequality Matters
Cecile Andrews, author, Slow Is Beautiful
Chuck Collins, founder, United for a Fair Economy
Julie Nelson, author Economics for Humans
Contact: John de Graaf:
jodg@comcast.net (206) 443-6747
or Laura Pacheco:
laurapacheco@comcast.net (617) 694-7998
See the full schedule and register early at:
www.timeday.org/economyconference
Launch Lecture for UNCTAD
UNCTAD Trade and Development Report Regional Cooperation for
Development: Wednesday 5 September 2007, 6.30-8pm
Venue: New Theatre, East Building, LSE
Speakers: Heiner Flassbeck and Professor Robert Wade
Heiner Flassbeck director of the division on globalization and
development strategies of the United Nations Conference on Trade and
Development (UNCTAD) will present the Trade and Development Report 2007,
subtitled "Regional Cooperation for Development".
Event Information:
http://tinyurl.com/3ey4xg
Symposium on Economics and Sustainability
Saturday September 15, 2007
9:30 AM – 4:30 PM
Holliday Park’s Nature Center
6363 Spring Mill Road, Indianapolis
Topics:
- “Indiana’s Contribution to Global Warming” by John Blair
- Peak Oil
- Local food security with Michael Simmons
- Panel discussion: politicians, candidates and policy, including Steve
Bonney (independent candidate for governor of Indiana) and Jack Miller
(of Indiana Alliance for Democracy and advocate for campaign finance
reform).
- Socially Responsible Investing with Bill Stant of L. B. Stant and
Associates, LLC
- Natural capital and rethinking economics
- The future of Campaign for Sustainable Economics
Perks: trails, nature exhibit, and library.
Admission: no charge. Low priced lunch. Booth space: $10.
Please register by September 12.
Volunteers and donations are encouraged. Volunteers needed to make
signs, set up, take down, work AV equipment, and loan and operate video
recording equipment.
Politicians and Candidates: Join our panel while there are still
vacancies.
Only use the parking lot for parking. Please do not eat in the
auditorium.
Updates, map and ridesharing:
http://www.rideshare.us/ Enter lookup code 123.
Campaign for Sustainable Economics
317-917-1638
ecothinker@gmail.com
SCEME Workshop on Knowledge
Revised Programme for SCEME workshop on Knowledge, Information and the
Economy, 13 October. Please note that the programme for the Workshop on
13 October
www.sceme.stir.ac.uk/events.htm has been revised to include
Deirdre McCloskey as an additional discussion leader.
The High Road Runs Through the City: Advocating
for Economic Justice at the Local Level
Sept. 27-28 2007 , Buffalo, NY
Sponsored by the State University of New York at Buffalo Law School, the
Baldy Center for Law and Social Policy, and Cornell University ILR.
Local government provides important opportunities and challenges for
efforts to address economic inequality. Living wage ordinances are one
example of the recent interest in using local policy to promote more
equitable economic development. However, such local initiatives for
economic justice frequently raise questions about the relationship
between local democratic governance and economic policymaking. Many
cities have failed to enforce their living wage ordinances; many local
economic policies are made outside of democratic processes; local
governments are often constrained by “subsidy wars” encouraging a race
to the bottom; and local politics is often dominated by narrow
interests. This conference brings together scholars in a variety of
disciplines with activists and policymakers to explore the possibilities
and challenges for developing progressive economic policies in local
government.
Panelists will include Peter Enrich, Northeastern University School of
Law; Susan Jones, George Washington University School of Law; J. Phillip
Thompson, III, MIT Urban Politics; Annette Bernhardt, NYU Brennan Center
for Justice; Jen Kern, ACORN Living Wage Resource Center; Greg LeRoy,
Good Jobs First, Stewart Acuff, AFL-CIO; Stephanie Luce, University of
Massachusetts Labor Studies; Joel Rogers, University of Wisconsin. Panel
topics will include Shadow Governments and Privatization; New Frontiers
for the Living Wage; Subsidy Reform; Building Lasting Institutions from
Progressive Coalitions; Green Cities; and Global Connections. Journalist
Bill McKibben, author of Deep Economy, will give a keynote address.
For more information, visit
http://www.ilr.cornell.edu/wied/highroadrunsthroughthecity/ or
contact Martha McCluskey, Professor of Law and William J. Magavern
Fellow, State University of New York at Buffalo,
mcclusk@buffalo.edu
Marxism and Political Economy
A one-day conference hosted by International Socialism journal
Saturday 29 September, Central London, 10.30am-5.30pm
Sessions on:
The Dynamics of the System
John Weeks (author of Capital & Exploitation)
Alex Callinicos (author of the Revolutionary Ideas of Marx and Resources
of Critique)
Finance Capital
Jim Kincaid (regular contributor to Historical Materialism journal)
Rob Hoveman (International Socialism editorial board)
Developments in Marx’s Theory of Value
Andrew Kliman (author of Reclaiming Marx’s “Capital”)
Simon Mohun (author of
several book chapters and journal articles on value theory)
Migration, Corporate Restructuring and Globalisation
Jane Hardy
(author of Restructuring Krakow: Desperately Seeking Capitalism)
Phil Marfleet (author of Refugees in a Global Era)
Capitalism and Development
Paul Cammack (author of several articles and book chapters on
political economy and development)
Capitalism Today
Chris Harman (author of Explaining the Crisis and Economics of the
Madhouse)
Alan Freeman (co-editor of Marx and Non-equilibrium Economics and The
New Value Controversy)
Advanced booking is essential and costs £10 waged / £5 unwaged.
For information or bookings:
Phone 020 7819 1177 Email isj@swp.org.uk
Download the poster.
Fair Employment Forums
- What is a Fair Workplace?
Guest Speaker: Tony Lawrence
Workplace Rights Advocate, Victoria
- What Rights? Whose Rights? A discussion about the rights based
approach to employment relations in Australia.
Guest Speaker: Lisa Heap, Executive Director, Australian Institute of
Employment Rights
- The work-life juggle and Work Choices
Guest Speaker: Professor Barbara Pocock
Director of the Centre for Work + Life at the University of South
Australia
Download the
flier
Top
Job Postings for Heterodox Economists
Locker Associates, Inc.
Immediate Job Opening for Senior Associate
Locker Associates -- a business consulting firm that specializes in
enhancing the
competitiveness of businesses and industries on behalf of union,
corporate and government clients
-- seeks qualified candidates for the position of Senior Associate.
Typical projects include:
- leading joint labor/management business improvement initiatives;
- facilitating ownership transitions to secure the long-term viability
of a business;
- conducting strategic industry studies to identify future challenges
and opportunities;
- representing unions in strategic planning and workplace
reorganization;
- formulating business plans for turnaround situations; and
- performing due diligence for equity and debt investors.
Responsibilities: The Senior Associate will be responsible for all
aspects of project
implementation and management. Specifically, the Senior Associate will:
- perform strategic studies of companies and plants, including
detailed analysis of their
financial, operating and market performance;
- conduct financial and economic analyses of industry trends;
- prepare client reports and presentations; and
- prepare business plans.
Qualifications: Eligible candidates should have some experience
conducting in-depth analyses
of businesses and industries. Specific requirements include:
- strong analytical and quantitative skills, including working
knowledge of financial
accounting and analysis, economics and statistical methods;
- excellent writing and communication skills;
- ability to handle multiple projects and tight deadlines;
- strong computer skills, including working knowledge of Word,
Excel and PowerPoint;
- familiarity with labor unions, economic development finance,
securities law and
investment banking preferred;
- MBA and/or CPA a plus
Locker Associates is an equal opportunity employer that provides a
competitive salary and
benefits. Interested candidates should immediately forward a resume,
writing samples and a list
of references to:
Michael Locker, President
Locker Associates
225 Broadway, Suite 2625
New York, NY 10007
Phone: 212-962-2980
Fax: 641-453-0838
E-mail:
lockerassociates@yahoo.com
University of Vermont – Diversity Cluster Hire
The College of Arts and Sciences at the University of Vermont is
recruiting for a
cluster hire in race/ethnicity and stratification.
Three positions in the cluster are: Women and Gender Studies (Director,
any social science); Sociology; and Political Science. The job
descriptions follow as well as some information on UVM and the
Burlington area as a place to live. We are excited about the possibility
for this hire to bring in a cohort of diverse faculty. I would be most
grateful if you would share this information widely and write me
directly if you would like to nominate candidates for any of these
positions. I and the hiring committees will follow up with all of the
nominees.
In addition to this cluster hire, the college is recruiting for several
related positions including History (global history) and Sociology
(policy). There is thus the potential to bring in an even larger cohort
of diverse faculty than suggested by the 3-person cluster hire. Further,
we are recruiting in numerous disciplines in addition to those already
mentioned, and these will be collectively advertised in a Chronicle ad
in the near future, of for more information, contact me directly.
Best regards,
Stephanie Seguino
Associate Dean, College of Arts and Sciences
Professor, Economics
Top
Heterodox Conference Papers and Reports and Articles
“The Employer of Last Resort Programme: Could It
Work for Developing Countries?”
by L. Randall Wray
http://www.ilo.org/public/english/employment/download/elm/elm07-5.pdf
An article by
Dean Baker
Find below a link to a useful article by Dean Baker of the Center for
Economic and Policy Research (www.cepr.net) on the current financial
turmoil in the housing and stock markets and its implications for the
wider economy:
http://www.cepr.net/documents/publications/meltdown_2007_08.pdf
Top
Heterodox Journals and Newsletters
The European Journal of the History of
Economic Thought
Volume 14 Issue 2 is now available online at
http://www.informaworld.com .
This new issue contains the following articles:
Professor Samuelson on Sraffa and the classical economists p. 181
Authors: Pierangelo Garegnani
Link
Classical and Neoclassical harmonies and dissonances p. 243
Authors: Paul A. Samuelson
Link
Alfred Marshall's use of Adam Smith: Coming to grips with an aspect
of Alfred Marshall's citation practice p. 273
Authors: Peter Groenewegen
Link
American institutionalism and its British connections p. 291
Authors: Malcolm Rutherford
Link
How did Keynes transform his theory from the Tract into the Treatise
?—Consideration through primary material p. 325
Authors: Toshiaki Hirai
Link
Parametric external economies and the Cambridge controversy on
returns p. 349
Authors: Roxana Bobulescu
Link
Milton Friedman – a brief obituary p. 373
Authors: David Laidler
Link
Revue du MAUSS
Revue du MAUSS has published a volume on “Avec Karl Polanyi, Contre la
société du tout-marchand” (semestrielle n° 29, 1er semestre 2007, 368
p). For further information please visit
www.revuedumauss.com or
www.journaldumauss.net
The journal offers a special price for Friends of the Karl Polanyi
Institute.
The Associative Economics Bulletin
The Associative Economics Bulletin consists of news and views on
associative economics, including short extracts from Associative
Economics Monthly (available electronically for £1 an issue at
www.cfae.biz/aem or in a hard copy format - tel (UK) 01227 738207). To
unsubscribe from this list, reply or send an email to
info@talkingeconomics.com with 'bulletin unsubscribe' in the subject
line.
1) The View From Rare Albion, Editorial, AEM AUGUST 2007
2) The Colours of Money - An introduction to associative economics - Oct
2007
For detailed information:
The
Associative Economics Bulletin.doc
CASE Newsletter
The July/August edition of the CASE newsletter is now available.
Click here to view:
http://www.case.com.pl/plik--16202338.pdf
or download it from the below site:
http://www.case.com.pl/
Journal of the History of Economic Thought
Volume 29 Issue 1 is now available online at informaworld (
http://www.informaworld.com ).
This new issue contains the following articles:
2006 HES PRESIDENTIAL ADDRESS A TALE OF TWO MAINSTREAMS: ECONOMICS AND
PHILOSOPHY OF NATURAL SCIENCE IN THE MID-TWENTIETH CENTURY p. 1
Authors: D. Wade Hands
Link
THE EDITOR AS SCIENTIFIC REVOLUTIONARY: KEYNES, THE ECONOMIC JOURNAL ,
AND THE PIGOU AFFAIR, 1936–1938 p. 15
Authors: Nahid Aslanbeigui; Guy Oakes
Link
MILL AND SENIOR ON LONDON'S WATER SUPPLY: AGENCY, INCREASING RETURNS,
AND NATURAL MONOPOLY p. 49
Authors: Nicola Tynan
Link
WILLIAM ALONSO, RICHARD MUTH, RESOURCES FOR THE FUTURE, AND THE FOUNDING
OF URBAN ECONOMICS p. 67
Authors: John F. McDonald
Link
ON THE BICENTENNIAL OF THE OTHER “INQUIRY”: LAUDERDALE'S p. 85
Authors: Syed Ahmad
Link
THE MACROECONOMIC THOUGHT OF NICHOLAS BARBON p. 101
Authors: James H. Ullmer
Link
Feminist
Economics
Volume 13 Issue 3 & 4is now available online at informaworld (
http://www.informaworld.com ).
Special Issue: A Special Issue on Gender, China, and the World Trade
Organization
This new issue contains the following articles:
China's Transition and Feminist Economics p. 1
Authors: Günseli Berik; Xiao-yuan Dong; Gale Summerfield
Link
Land management in rural China and its gender implications p. 35
Authors: Denise Hare; Li Yang; Daniel Englander
Link
Gender and rural reforms in China: A case study of population control
and land rights policies in northern Liaoning p. 63
Authors: Junjie Chen; Gale Summerfield
Link
Women's market work and household status in rural China: Evidence from
Jiangsu and Shandong in the late 1990s p. 93
Authors: Fiona MacPhail; Xiao-yuan Dong
Link
Gender dynamics and redundancy in urban China p. 125
Authors: Jieyu Liu
Link
An Ocean formed from one hundred rivers: the effects of ethnicity,
gender, marriage, and location on labor force participation in urban
China p. 159
Authors: Margaret Maurer-Fazio; James Hughes; Dandan Zhang
Link
Gender equity in transitional China's healthcare policy reforms p. 189
Authors: Lanyan Chen; Hilary Standing
Link
Foreign direct investment and gendered wages in urban China p. 213
Authors: Elissa Braunstein; Mark Brenner
Link
Gendering the dormitory labor system: production, reproduction, and
migrant labor in south China p. 239
Authors: Pun Ngai
Link
Chinese women after the accession to the world trade organization: A
legal perspective on women's labor rights p. 259
Authors: Julien Burda
Link
Western cosmetics in the gendered development of consumer culture in
China p. 287
Authors: Barbara E. Hopkins
Link
Meinü Jingji /China's beauty economy: Buying looks, shifting value, and
changing place p. 307
Authors: Gary Xu; Susan Feiner
Link
Journal of
the History of Economic Thought
Volume 29 Issue 3 is now available online at informaworld (
http://www.informaworld.com ).
This new issue contains the following articles:
Economic Science Wars p. 267
Authors: E. Roy Weintraub
Link
How, And For How Long, Did Keynes Maintain The Treatise Theory? p. 283
Authors: Toshiaki Hirai
Link
The Fallacy of Wage Cuts and Keynes's Involuntary Unemployment p. 309
Authors: John Levendis
Link
Transcribing the Tableau Économique: Input-Output Analysis À La Quesnay
p. 331
Authors: Albert E. Steenge; Richard Van Den Berg
Link
Kautilya On Administration Of Justice During The Fourth Century B.C. p.
359
Authors: Balbir S. Sihag
Link
History of Economics Review 45, Winter 2007
Just published: Download the
content.
Metroeconomica
Metroeconomica offers a wide spectrum of theoretical approaches to
analytical economics. An international forum for debate, it goes beyond
the traditional emphasis on market equilibrium/disequilibrium by:
• Focusing on economic processes in real time
• Addressing the role of social institutions, technical change and
income distribution
• Emphasizing the behavioural foundations of economics
• Exploring methodological innovations in economics and from other
disciplines
Articles now available online ahead of print!
From July 2007 articles which have been fully copy-edited and
peer-reviewed will be published online before the print edition of
Metroeconomica is published.
Check Metroeconomica's OnlineEarly papers
here!
International Review of Applied Economics
Volume 21 Issue 4 is now available online at informaworld (
http://www.informaworld.com ).
This new issue contains the following articles:
Trade Liberalisation and the Trade-Off Between Growth and the Balance of
Payments in Latin America p. 469
Authors: Penélope Pacheco-López; A. P. Thirlwall
Link
The Economic Consequences of Dollar Appreciation for US Manufacturing
Investment: A Time-Series Analysis p. 491
Authors: Robert A. Blecker
Link
Measuring Productive Efficiency in Input–Output Models by Means of Data
Envelopment Analysis p. 519
Authors: José L. Zofío; Angel M. Prieto
Link
Causes of Growth and Decline in Mexico’s Maquiladora Apparel Sector p.
539
Authors: Mehrene Larudee
Link
Time Irreversibility in Consumers’ Expenditure: An Analysis of
Disaggregated Data p. 561
Authors: Steven Cook; Alan Speight
Link
Top
Heterodox Books, Book Series, and Book Reviews
An Australian Charter
of Employment Rights
Please find attached
an invite to *the Melbourne launch* of our book "An Australian Charter
of Employment Rights" and the prelaunch event *on 5 September 2005*
which I am sure will be of interest to you.
A launch of the book will also occur at the Queensland Industrial
Relations Society conference on the *Gold Coast* on the 31^st August.
The *Perth* launch is being held in conjunction with an event sponsored
by the WA Fair employment advocate (see brochure attached) on 18
September.
A *Sydney* launch will be held on 27 September and you will be advised
of those details shortly.
The book is of very high standard and I would suggest it will become a
manual for IR/HR practitioners, unions, lawyers and academics.
If you cannot attend a launch and would like to purchase a copy of the
book I suggest ordering directly through AIER as we can offer members a
substantial discount. Details of how to go about this will be available
on our website shortly
www.aierights.com.au
An Empire of
Indifference
American War and the Financial Logic of Risk Management
Randy Martin
In this significant Marxist critique of contemporary American
imperialism, the cultural theorist Randy Martin argues that a
finance-based logic of risk control has come to dominate Americans’
everyday lives as well as U.S. foreign and domestic policy. Risk
management—the ability to adjust for risk and to leverage it for
financial gain—is the key to personal finance as well as the defining
element of the massive global market in financial derivatives. The
United States wages its amorphous war on terror by leveraging particular
interventions (such as Iraq) to much larger ends (winning the war on
terror) and by deploying small numbers of troops and targeted weaponry
to achieve broad effects. Both in global financial markets and on
far-flung battlegrounds, the multiplier effects are difficult to foresee
or control.
Drawing on theorists including Michel Foucault, Giorgio Agamben, Michael
Hardt, Antonio Negri, and Achille Mbembe, Martin illuminates a
frightening financial logic that must be understood in order to be
countered. Martin maintains that finance divides the world between those
able to avail themselves of wealth opportunities through risk taking
(investors) and those who cannot do so, who are considered “at risk.” He
contends that modern-day American imperialism differs from previous
models of imperialism, in which the occupiers engaged with the occupied
to “civilize” them, siphon off wealth, or both. American imperialism, by
contrast, is an empire of indifference: a massive flight from
engagement. The United States urges an embrace of risk and
self-management on the occupied and then ignores or dispossesses those
who cannot make the grade.
“An Empire of Indifference is a brilliant study, both theoretically
profound and politically compelling.”— Michael J. Shapiro, author of
Methods and Nations: Cultural Governance and the Indigenous Subject
“An Empire of Indifference is the perfect answer to Thomas Friedman’s
The World Is Flat. Randy Martin well understands that finance capital
flattens and gouges at the same time. This book is the
anti-Friedman.”—Neil Smith, author of The Endgame of Globalization
“While a great deal has been written about globalization, empire, and
international finance, I know of no other work besides this one that
looks at their intersection through the rhetorical and conceptual lens
of finance. An Empire of Indifference is a strong piece of original
scholarship on a very important topic.”—Chris Hables Gray, author of
Peace, War, and Computers
Randy Martin is Professor of Art and Public Policy at the Tisch School
of the Arts at New York University. His books include Financialization
of Daily Life, On Your Marx: Relinking Socialism and the Left, and
Critical Moves: Dance Studies in Theory and Politics, also published by
Duke University Press. He is a former editor of the journal Social Text.
Duke University Press May 2007
232 pages
£12.99 PB 978-0-8223-3996-0
SPECIAL DISCOUNTED PRICE OF £9.00 to CAPITAL-AND-CLASS Subscribers
Postage and Packing £2.75
To order a copy please contact Marston on 44(0)1235 465500 or email
direct.orders@marston.co.uk or visit our website
www.combinedacademic.co.uk
(PLEASE QUOTE REF NUMBER: CAC87EI for discount)
The Origins of
Capitalism and the "Rise of the West"
Eric H. Mielants
"A major contribution to the worldwide debate on the origins of the
modern world. It is controversial, encompassing in its survey of the
data and the literature, and bound to be included in all further
discussions."
—Immanuel Wallerstein, Yale University
Eric Mielants provides a fresh, interdisciplinary interpretation of the
origins of modernity in general and of capitalism in particular. He
argues that, contrary to established thinking, the "Rise of the West"
should not be examined through the lens of the Industrial Revolution or
the colonization of the New World but viewed through long-term
developments that began in the Middle Ages.
A fascinating overview of civilizations in East Asia, South Asia, and
northwestern Africa is provided and then systematically compared to
developments in Europe at the same time. Utilizing this analysis, the
book addresses some of the most important current debates in world
history, comparative sociology, political economy, sociological theory
and historical sociology. Mielants uncovers the ways that existing
theories (such as Marxism, World-Systems Theory, and Smithian
Modernization Theory) have suffered from either Eurocentric or limited
temporal and spatial analyses, preventing them from fully explaining the
reasons behind the emergence of capitalism in Western Europe.
Reviews
"The strength of this book is its careful comparisons among regions and
the strong effort to overcome the Eurocentrism that has undeniably been
a great plague on our efforts to comprehend and explain the rise of the
West."
—Christopher Chase-Dunn, Department of Sociology, University of
California, Riverside
"Mielants has pulled together a vast mass of material and challenges
hypotheses that have been in danger of being repeated as unquestionable
dogmas in some circles."
—International Socialism
Temple University Press
August 2007, 280 pages £27.00 cloth
SPECIAL DISCOUNTED PRICE OF £18.99 to CAPITAL-AND-CLASS Subscribers
Postage and Packing £2.75
To order a copy please contact Marston on 44(0)1235 465500 or email
direct.orders@marston.co.uk or visit our website
www.combinedacademic.co.uk
The
Bias of the World: Theories of Unequal Exchange in History
By John Brolin. Sweden: Lund University, 2007. 383 pp.
Reviewed by
Yan Liang University of Missouri-Kansas City and University of Redlands.
Feminist Economics of Trade
Irene van Staveren, Diane Elson, Caren Grown and Nilüfer Çagatay
Download the
content and detailed information.
Introduction to Ecological Economics
The first edition of Introduction to Ecological Economics, originally,
published by in 1997 by St. Lucie Press, has recently been put up on the
Encyclopedia of Earth (
http://www.eoearth.org/ - go to eBooks on the right or
go directly to:
http://www.eoearth.org/article/An_Introduction_to_Ecological_Economics_%28e-book%29
) The book can be read by anyone on-line. Please pass this information
on to colleagues, students or others who may be interested.
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Heterodox Websites
Heednet
Heednet is a network of researchers and policy analysts aimed at
expanding the range of economic thinking supporting environment and
sustainable developmpent policy making.
View or download a
printable version of this site here as a PDF.
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For Your Information
ICLAD
International Consortium for Law and Development
Knowledge in the Service of Democratic Social
Change
http://www.iclad-law.org/
Charles Leopold Mayer
Foundation for the Progress of Humankind
In order to meet the challenges of the XXIst century, new forms of
citizen’s participation are developing. What is at stake is also the
ability to consider the complexity of global problems using innovative
approaches and methods of exchange, enhancement, analysis and
vulgarisation of information in order to reinforce citizens’ initiatives
that contribute to building global democracy. In today’s world of
Internet communication, the challenge of democracy is less that of
gaining access to information than that of sorting through the vast
quantities of available data to select that which is reliable and
relevant, and how to structure it in an intelligent manner, which is the
central question.
It is with this in mind that the Charles Léopold Mayer Foundation for
the Progress of Humankind and Ritimo have created an international data
base of experiences dph, which is now up and running in four languages.
We are happy to indicate the on-line address :
www.d-p-h.info
In dph you can find:
- an enriched data base of over 7000 experience sheets, analysis,
write-ups
- thematic files linked to partner resource sites
- a directory of some 400 authors and structures who have contributed to
dph
- a section of tools and methods that describe the philosophy of
exchange of experience and tools to structure and enhance information on
a resource site
- a call for contributions that this year concerns two files
* Governance of water: the urgent need to change attitudes and practice
* Achieving sustainability via industrial sectors: from production to
consumers
The aim of dph is to create collective intelligence in order to build
international citizenship, and we hope you will contribute by sending us
your experience sheets or files
dph sheets are communicated using the means defined in our editorial
Charter which is available on line and may be reproduced, on condition
that the source and dph logo are used.
We hope that you will find this tool of use, and that it will inspire
you to participate in the political project of organising a global
democratic citizen’s scene, by exchanging experience, structuring
information and jointly developing knowledge and citizen’s alliances and
developing alternative proposals to build a XXIst century of solidarity
and responsibility.
We look forward to hearing from you, and send you all our best wishes
Suzanne Humberset Pierre Calame
Aude Delavernhe Director of the FPH
Erika Campelo
The Ritimo/dph Team
dph@ritimo.org
www.d-p-h.info
Pour relever les défis du XXIème siècle, de nouvelles formes de
participation citoyenne se mettent en action. L’enjeu repose également
sur la capacité à aborder la complexité des problèmes planétaires avec
des approches innovantes et des méthodes d’échange, de valorisation,
d’analyse et de vulgarisation de l’information pour renforcer les
initiatives citoyennes qui participent de la construction d’une
démocratie mondiale. Aujourd'hui à l'heure du Web, le défi de la
démocratie est moins d’accéder à l’information que de trier au sein
d’une masse gigantesque d’informations celle qui est fiable et
pertinente, la question de la structuration intelligente de
l'information demeure une question centrale.
C'est dans cet esprit que la Fondation Charles Léopold Mayer pour le
progrès de l'homme et Ritimo ont créé une base de données internationale
d'expériences dph qui se concrétise aujourd'hui dans un site ressources
en 4 langues.
Nous sommes heureux de vous annoncer sa mise en ligne à l'adresse
suivante :
www.d-p-h.info
Vous y découvrirez :
- Une base de données de plus de 7000 fiches d'expériences, d'analyses,
de lectures
- Des dossiers thématiques en lien avec des sites ressources partenaires
- Un annuaire des quelques 400 auteurs et organismes qui ont contribué à
dph
- Une rubrique « Outils et méthodes » qui décrit la philosophie de
l'échange d'expériences et les outils pour structurer et valoriser
l'information sur un site ressources.
- Un appel à contributions qui concerne cette année deux dossiers :
* Gouvernance de l'eau : l'urgence de changer de regard et de pratiques
* Atteindre la durabilité par les filières : de la production à la
consommation
L’ambition de dph étant de créer une intelligence collective pour
construire une citoyenneté internationale, vous pouvez y contribuer en
nous envoyant des fiches d'expériences ou des dossiers.
Les fiches dph sont diffusées selon les modalités définies par la Charte
éditoriale qui est disponible en ligne, et sont reproductibles, avec
mention impérative des sources et du logo dph.
Nous espérons que cet outil vous sera directement utile et qu’il vous
donnera envie de participer au projet politique d’organiser une scène
démocratique citoyenne mondiale, en échangeant des expériences, en
structurant son information, en élaborant en commun des savoirs, en
mettant en place des alliances citoyennes et en élaborant des
propositions alternatives pour construire un XXIème siècle solidaire et
responsable.
Dans l’attente de vos nouvelles, recevez, Madame, Monsieur, nos
cordiales salutations.
Suzanne Humberset Pierre Calame
Aude Delavernhe Directeur de la FPH
Erika Campelo
Equipe Ritimo/dph
dph@ritimo.org
www.d-p-h.info
Para afrontar los desafíos del siglo XXI entran en acción nuevas formas
de participación ciudadana. Lo que está en juego depende asimismo de la
capacidad de abordar la complejidad de los problemas planetarios con
acercamientos innovadores y métodos de intercambio, de valorización, de
análisis y de divulgación de la información para reforzar las
iniciativas ciudadanas que participan en la construcción de una
democracia mundial. Hoy día, en la era de Internet, el desafío que se le
presenta a la democracia no tiene tanto que ver con el acceso a la
información como con la capacidad de escoger, en el seno de una masa
gigantesca de informaciones, aquella que es fiable y pertinente; la
cuestión de la estructuración inteligente de la información tiene por
eso una importancia central.
Este es el espíritu con el que la Fundación Charles Léopold Mayer para
el Progreso del Hombre y Ritimo han creado una base de datos
internacional de experiencias dph, que hoy toma forma en un sitio web de
recursos disponible en 4 lenguas.
Con gran placer les anunciamos su publicación en Internet, en la
siguiente dirección:
www.d-p-h.info
En ella descubrirán:
- Una base de datos de más de 7000 fichas de experiencias, análisis,
lecturas;
- Dossiers temáticos vinculados con sitios web de recursos asociados;
- Un anuario de unos 400 autores y organismos que han contribuido a dph;
- Una rúbrica « herramientas y métodos », que describe la filosofía del
intercambio de experiencias y las herramientas para estructurar y
valorizar la información de un sitio de recursos;
- Un llamamiento a enviar contribuciones, que este año tiene que ver con
dos dossiers:
* Políticas del agua: la urgencia de cambiar conceptos y prácticas
* Hacia unos eslabones sostenibles: de la producción al consumo
Dado que la ambición de dph consiste en crear una inteligencia colectiva
para construir una ciudadanía internacional, usted puede contribuir a
ello enviándonos fichas de experiencia o dossiers.
Las fichas dph son difundidas conforme a las modalidades definidas por
la Carta editorial (que está disponible en la red) y son reproductibles
con mención obligatoria de las fuentes y del logo dph.
Esperamos que esta herramienta le sea directamente de utilidad y que le
anime a participar en el proyecto político de organizar una escena
democrática ciudadana de carácter mundial, intercambiando experiencias,
estructurando su información, elaborando saberes en común, introduciendo
alianzas ciudadanas y elaborando propuestas alternativas para construir
un siglo XXI solidario y responsable.
A la espera de sus noticias, le enviamos nuestros saludos más cordiales.
Suzanne Humberset Pierre Calame
Aude Delavernhe Director de la FPH
Erika Campelo
Equipo Ritimo/dph
dph@ritimo.org
In Time of Tumult,Obscure
Economist Gains Currency
Mr. Minsky Long Argued
Markets Were Crisis Prone;
His 'Moment' Has Arrived
By JUSTIN LAHART
August 18,
2007; Page A1
The recent market turmoil is rocking investors around the globe. But it
is raising the stock of one person: a little-known economist whose views
have suddenly become very popular.
Hyman Minsky, who died more than a decade ago, spent much of his career
advancing the idea that financial systems are inherently susceptible to
bouts of speculation that, if they last long enough, end in crises. At a
time when many economists were coming to believe in the efficiency of
markets, Mr. Minsky was considered somewhat of a radical for his stress
on their tendency toward excess and upheaval.
RELATED READING
"The Financial Instability Hypothesis"
by Hyman P. Minsky, May 1992
"The Plankton Theory Meets Minsky"
by Paul McCulley, March 2007
"Capitalism's Beast of Burden"
by Paul McCulley, January 2001
Today, his views are reverberating from New York to Hong Kong as
economists and traders try to understand what's happening in the
markets. The Levy Economics Institute of Bard College, where Mr. Minsky
worked for the last six years of his life, is planning to reprint two
books by the economist -- one on John Maynard Keynes, the other on
unstable economies. The latter book was being offered on the Internet
for thousands of dollars.
Christopher Wood, a widely read Hong Kong-based analyst for CLSA Group,
told his clients that recent cash injections by central banks designed
"to prevent, or at least delay, a 'Minsky moment,' is evidence of market
failure."
Indeed, the Minsky moment has become a fashionable catch phrase on Wall
Street. It refers to the time when over-indebted investors are forced to
sell even their solid investments to make good on their loans, sparking
sharp declines in financial markets and demand for cash that can force
central bankers to lend a hand.
Mr. Minsky, who died in 1996 at the age of 77, was a tall man with
unruly hair who wore unpressed suits. He approached the world as "one
big research tank," says Diana Minsky, his daughter, an art history
professor at Bard. "Economics was an integrated part of his life. It
wasn't isolated. There wasn't a sense that work was something he did at
the office."
She recalls how, on a trip to a village in Italy to meet friends, Mr.
Minsky ended up interviewing workers at a glove maker to understand how
small-scale capitalism worked in the local economy.
Although he was born in Chicago, Mr. Minsky didn't have many fans in the
"Chicago School" of economists, who believed that markets were
efficient. A follower of the economist John Maynard Keynes, he died just
before a decade of financial crises in Asia, Russia, tech stocks,
corporate credit and now mortgage debt, began to lend credence to his
ideas.
Following those periods of tumult, more investors turned to the
investment classic "Manias, Panics, and Crashes: A History of Financial
Crises," by Charles Kindleberger, a professor at the Massachusetts
Institute of Technology who leaned heavily on Mr. Minsky's work.
Mr. Kindleberger showed that financial crises unfolded the way that Mr.
Minsky said they would. Though a loyal follower, Mr. Kindleberger
described Mr. Minsky as "a man with a reputation among monetary
theorists for being particularly pessimistic, even lugubrious, in his
emphasis on the fragility of the monetary system and its propensity to
disaster."
At its core, the Minsky view was straightforward: When times are good,
investors take on risk; the longer times stay good, the more risk they
take on, until they've taken on too much. Eventually, they reach a point
where the cash generated by their assets no longer is sufficient to pay
off the mountains of debt they took on to acquire them. Losses on such
speculative assets prompt lenders to call in their loans. "This is
likely to lead to a collapse of asset values," Mr. Minsky wrote.
When investors are forced to sell even their less-speculative positions
to make good on their loans, markets spiral lower and create a severe
demand for cash. At that point, the Minsky moment has arrived.
"We are in the midst of a Minsky moment, bordering on a Minsky
meltdown," says Paul McCulley, an economist and fund manager at Pacific
Investment Management Co., the world's largest bond-fund manager, in an
email exchange.
The housing market is a case in point, says Investment Technology Group
Inc. economist Robert Barbera, who first met Mr. Minsky in the late
1980s. When home buyers were expected to have a down payment of 10% or
20% to qualify for a mortgage, and to provide income documentation that
showed they'd be able to make payments, there was minimal risk. But as
home prices rose, and speculators entered the market, lenders relaxed
their guard and began offering loans with no money down and little or no
documentation.
Once home prices stalled and, in many of the more-speculative markets,
fell, there was a big problem.
"If you're lending to home buyers with 20% down and house prices fall by
2%, so what?" Mr. Barbera says. If most of a lender's portfolio is tied
up in loans to buyers who "don't put anything down and house prices fall
by 2%, you're bankrupt," he says.
Several money managers are laying claim to spotting the Minsky moment
first. "I featured him about 18 months ago," says Jeremy Grantham,
chairman of GMO LLC, which manages $150 billion in assets. He pointed to
a note in early 2006 when he wrote that investors had become too
comfortable that financial markets were safe, and consequently were
taking on too much risk, just as Mr. Minsky predicted. "Guinea pigs of
the world unite. We have nothing to lose but our shirts," he concluded.
It was Mr. McCulley at Pacific Investment, though, who coined the phrase
"Minsky moment" during the Russian debt crisis in 1998.
Laurence Meyer, who served on the faculty with Mr. Minsky at Washington
University in St. Louis, was a Federal Reserve Governor during those
turbulent times. Mr. Meyer says that when he was an academic, Mr.
Minsky's work didn't interest him very much, but that changed when he
went into the real world. He says he grew to appreciate it even more
when he was at the Fed watching financial crises unfold.
"Had Minsky been there, he probably would have been calling me and
alerting me along the ride. And that would have been a good thing," Mr.
Meyer says. "Every year that goes by, I appreciate him more. I hear
myself sometimes and I think, oh my gosh, I sound like Hy Minsky."
Steven Fazzari, an economics professor at Washington University, says
that Mr. Minsky would have supported the Federal Reserve's recent move
to provide cash and cut the rate it charges banks on loans from its
discount window to try to avert a financial crisis that could spill over
to the economy. But he would probably be worried, too, that the moves
might be bailing out investors who would all too soon be speculating
again.
Having seen recent events unfold in the way his friend and former
colleague predicted, Mr. Fazzari says, "I hope he's someplace saying,
'Aha, I told you so!'"
--Jon E. Hilsenrath
contributed to this article.
Write to Justin Lahart at
justin.lahart@wsj.com
Turning Your Labor
Activism Into a Career
By SUSAN BASALLA MAY
BEYOND THE IVORY TOWER
What you should know about nonacademic careers for Ph.D.'s
Read the
article.
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