UP OR DOWN? A MALE ECONOMIST'S MANIFESTO ON THE TOILET SEAT ETIQUETTE CHOI 2010 Economic Inquiry Wiley Online Library →
And you ask if economics has gone down the toilet!
Cambridge Capital Controversy « Economics Job Market Rumors →
I don’t normally post on weekends, but there’s a fascinating discussion going on right now on econjobrumors about the Cambridge Capital Controversy.
It really picks up at around page 4.
RWE stands for Real Wicksell Effects, PWE stands for Price Wicksell Effects.
Today In Latin American History
Ecuadorian artist Oswaldo Guayasamín died in Baltimore, Maryland on March 10, 1999 at the age of 78.
Bob Marley visited Brazil in March of 1980, a year before his death. Here he is playing soccer with a group of Jamaican and Brazilian musicians, including Brazilian artists Chico Buarque and Toquinho.
(via fylatinamericanhistory)
The Meaning of Heterodox Economics and Why it Matters « Naked Keynesianism →
Heterodox economics is often defined as potpourri of schools, too many to mention. Further, most of these heterodox schools are defined against marginalism (or neoclassical economics, which is also a fragmented school of economic thought). In this sense, the heterodox camp is defined in a negative (against orthodox) and fragmented (depending on what aspect of orthodoxy is contested) way. I think that is a counter productive approach, and that heterodoxy should be seen as a set of principles. A positive (in its own terms) and unified (in the sense of the minimum set of propositions that are universally accepted) definition of heterodoxy is necessary.
The core beliefs of heterodox economics the essay outlines are as follows:
- Distribution of surplus is determined exogenously
- Prices do not reflect relative scarcities
- Output and employment are demand determined in the long run
In a nutshell:
In sum, if one believes that prices reflect, for a given technology, the way classes struggle for higher income shares within the process of reproducing the material conditions for survival (including processes in which there is accumulation), and one believes that output and the process of accumulation are driven by the exogenous forces of demand, one may be called heterodox.
Full link here http://nakedkeynesianism.blogspot.com/2011/05/meaning-of-heterodox-economics-and-why.html
The Ato Institucional Número Cinco (AI-5), a presidential decree which suspended the Brazilian legislature, enabled widespread censorship and civil rights abuses, and consolidated the ruling military dictatorship’s power over the country, was issued by president Artur da Costa e Silva on December 13, 1968, four years after the ouster of president João Goulart in a military coup. Costa e Silva,who is shown seated in an empty Congress on the cover of the Brazilian magazine Veja (bottom left) was also the last Brazilian head of state to be featured on the cover of the American Time magazine, appearing shortly after taking office in 1967. AI-5 was abolished a decade later, during the presidency of Ernesto Geisel.
howtotalktogirlsdialectically:
“Readers of those charming “Memoirs” of Karl Marx, by Liebknecht, will remember that in the winter of 1881-1882 Marx spent several months abroad - first in the south of France and afterwards in Algiers - in a vain quest for health and strength. During his sojourn in Algiers he was photographed, and we are glad to be able to publish a reproduction of the photograph taken just eleven months before his death. This is the last of his many portraits and has never before been published. It was sent to his beloved daughter, Jenny (Madam Longuet), whose death doubtless helped to hasten his own. Upon the back of the portrait there is an inscription in Marx’s beautiful handwriting, which we reproduce: “To my little Jennychen. Old Nick. Algiers. End of April, 1882.” We are indebted to our good friend, M. Jean Longuet, of Paris, for this interesting photograph of his illustrious grandfather.”
(via fuckyeahpierosraffa)
