My Thoughts on: Marxism, Living Under American Capitalism, Marxian Philosophy, Baseball, Economics, Alcohol, and any other topic I feel like writing about.
23 April 2013
Congratulations to Fellow UMass Economist(s)
Thomas Herndon is getting a lot of attention for his critical replication paper, that attacks the data / methods of a paper by Harvard's Carmen Reinhart and Kenneth Rogoff.
http://nymag.com/daily/intelligencer/2013/04/grad-student-who-shook-global-austerity-movement.html
Those of us (and this includes most of my readers I imagine) who find policy implications based on econometric analysis in single papers are not terribly surprised to find errors in papers such as Reinhart and Rogoff's. That said, it is rare that the mainstream is forced to listen to our critiques. That coupled with the fact that Thomas' work has significant implications for austerity programs and governments the world over, this is a major achievement!
Well done and congrats Tom!
11 April 2013
A Large Writing Project for This Year. Detroit, Fallen Cities and the US Macro Economy.
I have finally begin to "ink" some ideas that I have for a large writing project this summer.
These preliminary ideas have a long way to go and I would happily receive comments thoughts from my readers.
My work will be threefold.
1. I will need to write a summary of the coinciding economic histories of the city of Detroit (housing patterns, taxes, etc.) and the corporations that dominate the auto industry (mostly GM, but also Ford and Chrysler) as they relate to Wayne county Michigan. Numbers such as populations, employment numbers, etc. This is essentially to establish statistical correlation between these corporations and the county that houses them. This will be an important aspect as it will (hopefully) numerically demonstrate how the people involved and the enterprises symbiotically both built and destroyed a major urban area. Included will be analysis of both the corporations, but also public services etc. offered by local governments to their employees.
2. I plan to update the Marxian conception of the corporation. The generation of surplus labor takes place not only within the settings of the corporate environment, but also within a certain geographic area. I hope to contribute to the Marxist corporate literature from this perspective. Topics such as type of labor available, as well as surplus generating policies of the enterprise need to be updated to discuss the relationship with the communities in which the enterprises are contained. Surplus is generated by real people and they have to exist within a geographic area, this dynamic is not adequately discussed in Marxian economics or geography. This section will also include an analysis of labor relations, relative bargaining power of the workers of these companies over time, union actions, etc. Basically wage/labor relations history stuff, but in the context of these things affecting both the enterprise and the community (something new as far as I know>)
Comments very welcome!
Labels:
Detroit,
economics,
general motors,
urban decline,
urban growth
Finally...have we started to move past the need for sleep?
I have not been writing for a while.
In an attempt to get (my sleep deprived) brain working again I am starting slow tonight, with a simple link.
This article discusses two new stimulant drugs that in trial seem to allow the brain to function normally without sleep.
Is it possible that we won't have to waste hours a day in the fight against capitalist exploitation for much longer?
Not addressed are all the health and psychological benefits of a night of slumber. but .....still...steps in the right direction.
http://www.aeonmagazine.com/being-human/jessa-gamble-life-without-sleep/
12 March 2013
US News and World Report: Ranking of Graduate Programs in Economics. A Thought...
http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-humanities-schools/economics-rankings
Check the "rankings methodology".
It is essentially the academic equivalent of asking Anheuser Busch / Inbev employees to rank the best breweries. Hegemony breeds hegemony and bourgeois thinkers love bourgeois thought. The most remarkable thing here might be that I am even bothering to remark on this.
Labels:
bourgeois thought,
economic education,
economics
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