Heterodox Economics Newsletter-16 By: Frederic S. Lee

From the Editor

Dear Colleague,

This issue of the Heterodox Economics Newsletter marks its first anniversary (as well as 32nd wedding anniversary). I have been quite surprised and pleased at its reception by heterodox economists around the world. I have been told many times by heterodox economists that the Newsletter is their link to the heterodox economics community. As the Newsletter begins its second year, I hope that it continues to contribute to the building of heterodox economics.

Aside from the numerous interesting conferences, job postings, heterodox newsletters, journals, etc. there are two items I would like to particularly draw to your attention. The first is that the Association for Social Economics seeks a new editor or editorial team for the Forum for Social Economics to begin in 2006. The Forum is a refereed economics journal published twice a year. The current editor is Patric Welch of Saint Louis University. The Association seeks an individual or individuals who have a vision for the journal, and seek to develop it as a heterodox social economic voice. Proposals and inquiries should be sent to John Davis (john.davis@mu.edu) and Patric Welch (welchpj@slu.edu) by January 1, 2006.

The second item is from Jane Clary, the Program Secretary for the Association for Social Economics (ASE). It concerns two very IMPORTANT issues regarding the ASSA meetings:

1) ASSA has changed the pre-registration fees so that AEA members pay one rate ($60) and non-AEA members pay a higher rate ($75). The on-site registration is the same for AEA members and non-members ($125).
2) ASSA is changing the way it calculates revenue shares for the 6 associations which were founders of ASSA and which share in the revenue.ASE is one of those six, along with AEA, AFA, AAEA, Am. Agricultural Economics Association, the Econometric Society, and Labor & Employment Relations Association.
Here is what John Siegfried had to say in his letter:
"The AEA Executive Committee approved the discount for AEA members at its April 22, 2005 meeting in order to provide a modest benefit to those individuals who underwrite the annual ASSA meetings through their dues." And "The new discount for AEA membership may cause registrants who are members of more than one of the six participating (in net revenue) associations to claim the AEA as their primary membership so as to be eligible for the discount (when they had previously checked anotherassociation). Because this would change revenue shares to the disadvantage of the associations other than AEA, the Executive Committee also voted to change the method of calculating shares. In 2006 and beyond, registrants will be asked to indicate all of the participating associations of which they are a member. Shares will be computed on the basis of each association's membership among registrants relative to thesum of all the registrants' memberships in the participating associations."

What he does not tell us is that everyone who marks "OTHER" or who marks NOTHING and LEAVES THIS BLANK is counted as AEA membership for the calculation of monetary shares. The most recent numbers I have, from the 2002 meetings, are:

ORG           % of Registered Participants          Net Proceeds

AEA                  .688                                            $78,770

AAEA                .020                                             $ 2,295

AFA                  .142                                            $16,245

ASE                  .018                                            $ 2,033

ES                    .080                                            $ 9,159

IRRA                 .053                                            $ 6,059

As you can see, nothing is allocated to "other" and to "blank" and ASSA tells me that it all goes to AEA.
The implications of this for heterodox economists are the following:

(1) if you tick "other" or not tick anything at all, you are giving your net contribution to the AEA AND THIS IS NOT SUPPORTING HETERODOX ECONOMICS.

(2) if you want to support heterodox economics then you should tick the box for ASE even if you are not a member. MORE STRONGLY, IF YOU ARE A MEMBER OF URPE, AFEE, IAFFE, CSE, AHE, EAEPE, ETC. OR ARE A FREE STANDING HETERODOX ECONOMIST, THEN YOU SHOULD TICK THE ASE BOX. SUPPORTING THE ASE IS SUPPORTING HETERODOX ECONOMICS.

There is one final item—which is my recent Conference on Radical Economics in the 20th Century: Radical Economics and the Labor Movement. Many of the papers presented at the conference as well as conference pictures etc. can be found at http://cas.umkc.edu/econ/iwwconf/. Additional conference papers will be added over the next couple of weeks.

Fred Lee

In this issue:

          - The Fourth Australian Society of Heterodox Economists Conference
          - Association for Institutional Thought [AFIT]
          - New Approaches to the Design of Development Policies
          - The State and Social Regulation
          - The Association for Social Economics
          - The Association for Georgist Studies
          - How Class Works - 2006
          - The Second Forum: "The Spirit of Innovation", 2006
          - Globalisation and the Semiperiphery Workshop

           - Creating a Culture of Full Employment Conference
           - Institutional Economics and the Next Generation Infrastructures
           - International Conference on Institutional and Social Economics
           - London Marx-Hegel Reading Group
           - Endgame at the WTO
           - Historical Materialism Annual Conference 2005, 4-6 November
           - European Association for Evolutionary Political Economy

           - Greenwich Business School
           - University of Memphis
           - School of International Service American University, Washington, D.C.
           - Franklin & Marshall College
           - California State University, Fresno
           - Research Associate with the Research Institute on Social and Economic Policy (RISEP), Florida International University
          -University of Michigan-Dearborn, Dearborn-MI

- “Banking and the Financing of Development: A Schumpeterian and Minskyian Perspective”

           - Revue de Philosophie Economique
           - Issues in Regulation Theory- Number 52
           - Talking Economics Monthly
           - Earthscan's September E-Newsletter

           - Environmentalism in Turkey Between Democracy and Development?
           - Priceless On Knowing the Price of Everything and the Value of Nothing
           - Review of Political Economy/ Books for Review

            - Institute at Tufts to Award Economics Prize to Columbia’s Richard R. Nelson, Cambridge University’s Ha-Joon Chang Awards Ceremony
            - Tributes to David Houston, Radical Economist
            - "The Story Begins"

Association for Institutional Thought [AFIT]

The annual meeting of AFIT will be held in April 19-22, 2006
Wyndham Hotel
Phoenix, Arizona
In conjunction with the Western Social Science Association (WSSA) 48th Annual Conference

Theme for the 2006 Conference:
What’s Right with Institutional Economics; What’s Wrong with Institutional Economics? For detailed information: AFIT.doc

New Approaches to the Design of Development Policies
An International Conference on “New Approaches to the Design of Development Policies”: 20 – 21 March 2006, Beirut, Lebanon—see the link

The State and Social Regulation

Please find attached a call for papers for a conference on THE STATE AND SOCIAL REGULATION.

PD Dr. Eckhard Hein
IMK in der Hans Boeckler Stiftung
Hans-Boeckler-Straße 39
40476 Duesseldorf
Germany

Tel.: ++49-211-7778-215
Fax: ++49-211-7778-4-215
e-mail: eckhard-hein@boeckler.de
http://www.boeckler.de/cps/rde/xchg/SID-3D0AB75D-6417ED2/hbs/hs.xsl/1188.html

The Association for Social Economics
The Association for Social Economics would like to sponsor at least one session at the annual meetings of the Eastern Economic Association (EEA) in Philadelphia, Pennsylvania, at the Loews Philadelphia Hotel (1200 Market Street) from February 24 - 26, 2006. Conference information is available from the EEA web site: www.iona.edu/eea

Paper topics should be related to the topics and methodologies associated with social economics. Specifically, we are interested in papers that investigate the relationship between social values and/or ethics and either economic life or economics as a discipline. Appropriate paper themes include: social economic methodologies; the relationship between social economics and other economic schools; perspectives on economic individuals and personhood; alternative models of economic behavior including cooperation, altruisim, community, and solidarism; markets and morality; conceptions of economic justice, including applications to income distribution; definitions of equity and equality; contributions of capabilities theory to economic theorizing; the concept of human dignity as a lens on economic life; the causes, consequences and solutions to poverty; pragmatism and economics; political economy of gender, race-ethnicity, and class; ecological economics and sustainability; social capital as an construct; consumption and economic culture; humanist approaches; and analyses of the work of past social economists.

If you would like to have a paper considered for an ASE session, please send your proposal to Ellen Mutari, ASE Eastern Regional Director via e-mail or postal mail; email is preferred. Attachments should be in Word or WordPerfect. The deadline for submissions is Friday, October 6, 2005. In your proposal, include:

(1) Name, postal address, telephone, fax, e-mail address
(2) Paper title
(3) A 100-150 word (maximum) abstract
(4) Your affiliation with ASE (member, student, etc.) If selected for the program, it is expected that you are already a member of or will join the Association.

I may select Session Chairs from the participants. In lieu of formal discussants, the Session Chair will open the floor for questions and discussion: first for panelists and then for the audience. If you are an ASE member attending the EEA meetings and would like to Chair a session, please let me know.

Please do not cancel your attendance once you are selected for the program. It makes it very difficult for both the ASE and the EEA.

Ellen Mutari, Associate Professor of General Studies
Richard Stockton College
PO Box 195
Pomona, NJ 08240-0195
(609) 626-6085
Ellen.Mutari@stockton.edu

The Association for Georgist Studies
The Association for Georgist Studies, www.georgiststudies.org, is a new organization established to encourage scholarship on the ideas of Henry George and others of like mind.
AGS is planning a session tentatively entitled, "Why is Henry George neglected in History of Thought textbooks?" for the HES Meeting at Grinnell IA June 23-25, 2006. More information at
www.georgiststudies.org/textbooks_on_George.pdf

If you are interested in presenting a paper, please contact Polly Cleveland at mc2264@columbia.edu. They can provide some money for transportation, especially for students.

AGS is also planning a session on "The History and Politics of Land Value Taxation in Pennsylvania," for the Eastern Economic Association Meeting in Philadelphia, Feb 24-26, 2006.

How Class Works - 2006
A Conference at SUNY Stony Brook, June 8-10, 2006

The Center for Study of Working Class Life is pleased to announce the How Class Works – 2006 Conference, to be held at the State University of New York at Stony Brook, June 8 - 10, 2006. Proposals for papers, presentations, and sessions are welcome until December 15, 2005 according to the guidelines below. For more information, visit our Web site at <www.workingclass.sunysb.edu>.

Purpose and orientation: The conference seeks to explore ways in which an explicit recognition of class helps to understand the social world in which we live, and ways in which analysis of society can deepen our understanding of class as a social relationship. Presentations should take as their point of reference the lived experience of class; proposed theoretical contributions should be rooted in and illuminate social realities. All presentations should be accessible to an interdisciplinary audience.

While the focus of the conference is in the social sciences, presentations from other disciplines are welcome as they bear upon conference themes. Presentations are also welcome from people outside academic life when they sum up social experience in a way that contributes to the themes of the
conference. Formal papers will be welcome but are not required.

Conference themes: The conference welcomes proposals for presentations that advance our understanding of any of the following themes.

The mosaic of class, race, and gender. To explore how class shapes racial, gender, and ethnic experience and how different racial, gender, and ethnic experiences within various classes shape the meaning of class.

Class, power, and social structure. To explore the social content of working, middle, and capitalist classes in terms of various aspects of power; to explore ways in which class and structures of power interact, at the workplace and in the broader society.

Class and community. To explore ways in which class operates outside the workplace in the communities where people of various classes live.

Class in a global economy. To explore how class identity and class dynamics are influenced by globalization, including experience of cross-border organizing, capitalist class dynamics, international labor standards.

Middle class? Working class? What's the difference and why does it matter? To explore the claim that the U.S. is a middle class society and contrast it with the notion that the working class is the majority; to explore the relationships between the middle class and the working class, and between the middle class and the capitalist class.

Class, public policy, and electoral politics. To explore how class affects public policy, with special attention to health care, the criminal justice system, labor law, poverty, tax and other economic policy, housing, and education; to explore the place of electoral politics in the arrangement of class forces on policy matters.

Pedagogy of class. To explore techniques and materials useful for teaching about class, at K-12 levels, in college and university courses, and in labor studies and adult education courses.

How to submit proposals for How Class Works – 2006 Conference

Proposals for presentations must include the following information: a) title; b) which of the seven conference themes will be addressed; c) a maximum 250 word summary of the main points, methodology, and slice of experience that will be summed up; d) relevant personal information indicating institutional affiliation (if any) and what training or experience the presenter brings to the proposal; e) presenter's name, address, telephone, fax, and e-mail address. A person may present in at most two conference sessions. To allow time for discussion, sessions will be limited to three twenty-minute or four fifteen-minute principal presentations. Sessions will not include official discussants.

Proposals for sessions are welcome. A single session proposal must include proposal information for all presentations expected to be part of it, as detailed above, with some indication of willingness to participate from each proposed session member.

Submit proposals as hard copy by mail to the How Class Works - 2006 Conference, Center for Study of Working Class Life, Department of Economics, SUNY, Stony Brook, NY 11794-4384 or as an e-mail attachment to <michael.zweig@stonybrook.edu>.

Timetable: Proposals must be postmarked by December 15, 2005. Notifications will be mailed on January 16, 2006. The conference will be at SUNY Stony Brook June 8- 10, 2006. Conference registration and housing reservations will be possible after February 15, 2006. Details and updates
will be posted at http://www.workingclass.sunysb.edu.

Conference coordinator:
Michael Zweig
Director, Center for Study of Working Class Life
Department of Economics
SUNY
Stony Brook, NY 11794-4384
631.632.7536
michael.zweig@stonybrook.edu

The Second Forum: "The Spirit of Innovation", 2006.

You will find the call for papers of the International Symposium "Knowledge, Finance and Innovation" (September, 26-30, 2006) at the following address :

http://www-heb.univ-littoral.fr/rii/forum-innovation.html

Blandine Laperche
Forum the Spirit of Innovation II
International Symposium, "Knowledge, Finance and Innovation" (September, 26-30, 2006)

University of Littoral Côte d'Opale
Research Unit on Industry and Innovation Lab.RII (EA 3604)
21, quai de la Citadelle
59140 Dunkerque -France
tel : 33 (0) 3 28 23 71 47
fax : 33 (0) 3 28 23 71 43 ou 10
http://www-heb.univ-littoral.fr/rii

Globalisation and the Semiperiphery Workshop
4 March, 2006, Limerick

The semi-periphery is often overlooked in the search within IPE to visualize a bigger picture of
international relations of exploitation, but development and underdevelopment are interdependent structures in the age of globalisation. Papers are invited for a workshop that intends to address this issue.

The foundations for this workshop lie within Wallerstein's World Systems group, which was established in the Fernand Braudel Centre in the late 1970s.
Scholars criticised Andre Gunder Frank and the earlier dependencia school for its
inability to account for rapid development of the semi-periphery. Wallerstein agreed with Frank that economic and political colonisers are at the pinnacle, or core, of world systems of exploitation. But dependencia theory overlooked economically operative, but non-expansive countries, whose production is crucial for the maintenance of global capitalism. Semi-peripheral nations are servantile sites for industry and production, 'used' by core nations for labour and tax cost breaks, so perhaps by definition, they support the global system but do not ultimately dictate their own development. States' leaders have made accelerate development initiatives to achieve international norms of production, finance and trade in cooperation with transnational forces. The impact is that relations of production have become increasingly volatile within the semi-periphery.
Will the battle between transnational capital class and groups subordinated by capitalism paralyse these nations' development, or can the semi-periphery achieve core status? This workshop questions 'where are/who
are the semi-periphery today?', and 'will the aggravated conditions of globalisation within which these nations survive, ultimately prevent their development'?

Three geographical areas are targeted: East Asia, Eastern Europe, and Latin America. Papers should relate either specifically or generally, to the following themes:

* transnational social forces and their role in semi-peripheral development/restructuring

* implications of globalization for governance in the semi-periphery
* semi-peripheral economic re-configurations under the ambit of globalization

* the theoretical trajectory of theorisations about the semi-periphery
Please send paper proposals to Phoebe Moore phoebe.moore@manchester.ac.uk and Owen Worth owen.worth@ul.ie.

The Workshop will be sponsored by the Department of Politics and Public Administration at University of Limerick and held on the 4th March, 2006.

The venue will be the Castletroy Park Hotel, Limerick and we will be able to cover accommodation as well as cheap flights for speakers such as Liverpool-Shannon, which cost about 20 euros.

Top

Creating a Culture of Full Employment Conference
8-9 December 2005
University of Newcastle

- early-bird registration available until 31 October.

Keynote speakers confirmed:

Daniel Kostzer - Ministry of Labour, Employment and Social Security, Argentina, will outline their Head of Households Job Guarantee approach to solving their nation's unemployment crisis and the role it has played in restoring economic stability.
Dr Dimitri Papadimitriou - President, The Levy Economics Institute, USA.
David Thompson - CEO, Jobs Australia.
Professor L. Randall Wray - Professor of Economics and Research Director, Center for Full Employment and Price Stability, University of Missouri, Kansas City, USA.
Scott T. Fullwiler - Assistant Professor of Economics and James A. Leach Chair in Banking and Monetary Economics at Wartburg College, Iowa, USA.

More to come!

Conference details are being progressively updated on the Conference website
http://e1.newcastle.edu.au/coffee/conferences/2005

Institutional Economics and the Next Generation Infrastructures

Date: Friday 25 November 2005

Location: Technical University Delft, Faculty Technology, Policy and Management Jaffalaan 5, Delft

Theme: Institutional economics is nowadays a well-established branch in economics: the ‘economics of institutions ‘ of New Institutional Economics is part of the curricula of most Schools of Economics. That world of efficient contracting and organization fits well with mainstream economics. That does not hold (yet) for the evolutionary branch of institutional economics rooted in the German Historical School and American Institutionalism. However, more and more serious attempts are made to establish a dialogue between the two streams in institutional economics and to explore their complementarities.

In the morning session three speakers, Geoff Hodgson, Deirdre McCloskey and Bart Nooteboom, will address the future of institutional economics from different perspectives.

For the afternoon session we have selected a domain of application, which is full of institutional changes: markets in infrastructures. Driven by technological, political and economic forces institutions emerge, evolve and disappear. What does institutional economics contribute to the understanding, explanation and prediction of those institutional changes? Bill Melody, Claude Menard and Ernst ten Heuvelhof will address this question from different perspectives.

The conference will be closed with a panel discussion.
Information and registration: www.vipe-economie.nl
John Groenewegen and Rolf Künneke
johng@tbm.tudelft.nl;rolfk@tbm.tudelft.nl

International Conference on Institutional and Social Economics
“The Great Capitalist Restoration, Disembedded Economy & Nurturance Gap —
A Festschrift Celebration for James Ronald Stanfield”
Boston, 5 January 2006*
Just before ASSA meetings - For detail of venues etc LATER see http://pohara.homestead.com/files/stanfield.doc
4 January Pre-Conference Dinner (Informal) 6.30-9.00pm
5 January Conference Itinerary --
9.00 – 10.20: The Colorado School
Ronnie Phillips, Colorado State University, “The Colorado School of Institutional Economics”
John Marangos, Colorado State University, “The Political Economy of Institutions and Transitional Economies”
10.40-12.00: Polanyi-Stanfield, Globalisation and Cultural Conflict
Doug Brown, University of Northern Arizona, “The Polanyi-Stanfield Contribution: Re-embedded Globalization”
Arno Tausch, Ministerial Advisor to Austrian Government, “Beyond Cultural Warfare: Polanyi, Europe, and the Muslim World”
Lunch 12.00-1.15pm
1.15-2.30: Nurturance, Human Virtues and Personalism
William Waller, Hobart and Smith College, “Nurturance and the Art of Living: The Caring Economics of J. Ron Stanfield”
Edward J. O’Boyle, Mayo Research Institute, “On Human Virtues and Vices, Capital, and the Acting Person”
2.45 – 4.00: Ron Stanfield & Socioeconomic Progress
Phil O’Hara, Curtin University, “The Contribution of James Ronald Stanfield to Institutional and Social Economics”
Ron Stanfield, Colorado State University, “The Great Capitalist Restoration and Human Progress: A Somewhat Personal View”
Conference Dinner: Details to be announced (Possibly as a luncheon during ASSAs)
* Everyone is welcome to attend the conference. There are no “conference fees”. The conference is hosted by the Global Political Economy Research Unit. If you are interested in contributing a paper to the festschrift book, acting as a discussant, chair, etc, contact ronfestschrift@yahoo.com or philohara1@yahoo.com
For a record of Ron Stanfield’s academic contributions see: http://pohara.homestead.com/files/JRS-CV.doc
Dr Phil O'Hara
Professor of Global Political
Economy & Governance
Global Political Economy Research Unit
Economics Department
GPO Box U1987.
Perth. WA. 6845 Australia
http://pohara.homestead.com/gperu.html
philohara1@yahoo.com

London Marx-Hegel Reading Group

Programme for 2005-2006

We will continue to look at the Marx Early Writings volume we have been reading this year. The (provisional) programme is set out below. We will meet fortnightly over the three terms at 6.00 pm on Wednesdays, at City University. I will announce the room shortly.

Please note that the programme, apart from the first two sessions, on the Jewish Question, is provisional, as I have received detailed and thoughtful suggestions (a) to include some of the omitted material, especially the third letter to Ruge, (b) to do the Notes on Mill after the Paris Manuscripts, and (c) to divide up the final section of the Paris Manuscripts differently. Let’s decide on that at the first meeting.

We agreed last term to hold seminars on alternate weeks when there is no reading group meeting, but I have been too busy to make any arrangements. Apologies for that. Please volunteer, and/or let me have suggestions. I have a paper on the Critique of Hegel’s Doctrine of the State, which I presented a fortnight ago in Exeter. I think that will do for one – but we need a few more.

Text

Karl Marx (1975) Early Writings. Lucio Colletti (Introduction), Rodney Livingstone (Translator), Gregor Benton (Translator). The Pelican Marx Library. Harmondsworth: Penguin/New Left Review. Paperback. The 1992 paperback Penguin Classics edition has the same pagination.

Term 1

1 5 October The Jewish Question pp 211 - 227 (top) (16 pp)
2 19 October The Jewish Question pp 227 (top) - 241 (15 pp)
3 2 November Critique of Hegel's Philosophy of Right. Introduction pp 243 – 57 (15 pp)
4 16 November Excepts from James Mill pp 259 - 278 (20 pp)
5 30 November Paris Mss - Preface, and Wages of Labour pp 279 - 295 (top) (16 pp)

Term 2

6 Paris Mss - Profit of Capital pp 295 - 309 (16 pp)
7 Paris Mss - Rent of Land pp 309 - 322 (13 pp)
8 Paris Mss - Estranged Labour pp 322 - 334 (12 pp)
9 Paris Mss - The Relationship of Private Property pp 334 - 341 (7 pp), and
Private Property and Labour pp 341 - 345 (4 pp)
10 Paris Mss - Private Property and Communism pp 345 - 358 (13 pp)

Term 3

11 Paris Mss - Need, Production and Division of Labour pp 358 - 375 (17 pp), and Money pp 375 - 379 (5 pp)
12 Paris Mss - Critique of Hegel's Dialectic pp 379 - 386 (bottom) (7 pp)
13 Paris Mss - Critique of Hegel's Dialectic pp 386 (bottom) - 400 (14 pp)
14 Introduction by Lucio Colletti, Parts I and II pp 7-28 (21 pp)
15 Introduction by Lucio Colletti, Parts III and IV pp 28-56 (28 pp)

Contact

Andy Denis (a.denis@city.ac.uk)
Senior Lecturer in Political Economy, City University, London,
Telephone: 020-7040 0257 (City), 020-7732 7065 (home), 07761 428387 (mobile)
URL: http://www.staff.city.ac.uk/andy.denis

Endgame at the WTO
A major international conference
Reflections on the Doha Development Agenda

11-12 NOVEMBER 2005
University of Birmingham

Just one month ahead of the World Trade Organisation’s (WTO) crucial Hong Kong ministerial meeting, the Department of Political Science and International Studies at the University of Birmingham, in association with the Centre for International Politics at the University of Manchester, is bringing together some of the foremost authorities on international trade to critically interrogate progress in the Doha Development Agenda (DDA). Issues under discussion include: the interplay between trade liberalisation and the pursuit of economic development; the key issues at stake; the strategies and political posturing of the principal protagonists; the role of regions and developing countries in the negotiations; questions of ethics and legitimacy associated with the round; the impact of business and civil society groups; and the significance of the round to the development of the multilateral trading system. For detailed information: WTO Conference.doc

Historical Materialism Annual Conference 2005, 4-6 November
Birkbeck College and School of Oriental and African Studies, London, WC1
‘TOWARDS A COSMOPOLITAN MARXISM’
The Editorial Board of Historical Materialism:
Research in Critical Marxist Theory, in collaboration with the Isaac and Tamara Deutscher Memorial Prize Committee and the Editorial Board of the Socialist Register, is pleased to announce its annual conference, ‘Towards a Cosmopolitan Marxism’, 4-6 November 2005.
Since its inception, Historical Materialism has been firmly committed to the project of creating a space of dialogue and debate which extends across disciplinary, linguistic and cultural borders, and promotes the circulation, cross-fertilisation and expansion of critical Marxist thought. For the 2005 conference we have invited a wide range of leading figures in European Marxist thought to discuss the terrain of a
future ‘cosmopolitan Marxism’. This will be anexciting weekend of comradely exchange, which the Editorial Board of Historical Materialism hopes will grow into an important annual international event. The conference will be organised with three plenary sessions (Deutscher Memorial Prize Lecture, Socialist Register and Historical Materialism plenary sessions) and workshops dedicated to specific themes.
Workshop themes include: the philosophy of Nietzsche, the critique of Liberalism, Gramsci, Althusser, the young Marx, European integration, the break-up of Yugoslavia, the interpretation of Capital, Marxism and intellectuals, Marxism and philosophy, ‘mutations’ in the mode of production, visions of socialism, Deleuze and Marx, imperialism, Venezuela, the Historical-Critical Dictionary of Marxism, thinking
the political, and combined and uneven development.The Deutscher Memorial Prize Lecture, ‘The Politics of Assumption, the Assumption of Politics’, will be delivered by Michael Lebowitz on Friday evening, 4 November.

The Socialist Register Plenary Sessions, ‘Telling the Truth about Class’ and ‘The State of the Third Way’, will be held on Saturday evening, 5 November.

The Historical Materialism Plenary Session, ‘War and Capitalism’, will conclude the conference on Sunday afternoon, 6 November.

The language of the conference will be English with simultaneous translation provided for a limited number of sessions, where necessary.

Attendance is free. However, please register in advance by email to help us to guarantee sufficient seating:
<historicalmaterialism@soas.ac.uk>

European Association for Evolutionary Political Economy

17. annual European Association for Evolutionary Political Economy - EAEPE - conference in Bremen will take place.
Click here for detailed programme information including the abstracts.

Date: November, 10 - 12th, 2005
Place: Germany, Bremen, City-State House of Parliament and Chamber of Commerce

Issue:
A New Deal for the New Economy? - Global and Local Developments, and New Institutional Arrangements

63 sessions, 250 speakers
guest sessions, research area special sessions, Goodwin-workshop, poster sessions
research area meetings
heterodox economic job market
sponsors` welcome; plenaries, business meeting
Town Hall reception, prize awards, conference dinner, sight seeing programme

The Keynote Speakers will be:
Paul Davidson, New School University, NY and Editor JPKE: "Strong Uncertainty and How to cope With it to Improve Action Capacity"
James K. Galbraith, The University of Texas at Austin; TX, USA and EPS-US: "Modern Economic Predation: War, Corporate Fraud and the Cruel Chimera of Labour Market Reform"
For detailed programme information and registration visit the website: www.eaepe.org

Accommodation reservation:
BTZ Bremer Touristik Zentrale
Phone: + 49 (0) 421-30 800 -17
Fax: + 49 (0) 421-30 800 89
Email: schmidling@bremen-tourism.de

Tourist Information:
BTZ Bremer Touristik Zentrale
Service Hotline: + 49 (0) 1805 10 10 30
www.bremen-tourism.de

Contact/Local Organiser:
Wolfram Elsner
Email: welsner@uni-bremen.de

Greenwich Business School

The School, based in the splendid surroundings of the World Heritage Site at Greenwich, has a growing reputation for its innovative academic programmes, research and economic development activitieswithin both the Thames Gateway region and internationally. The London Knowledge Network was recently launched by the School and we have established research groups in the fields of accounting and finance, knowledge management, human resource management, social network analysis and cultural industries management. The school has a strong commitment to diversity and internationalism and this is reflected in our staff and student profiles.

As part of our on-going development strategy, the Business School is now seeking the following new appointments to further enhance our delivery of undergraduate and postgraduate degrees, research and community outreach activities. All applicants will be expected to be research active or aspiring to reach research excellence.

Department of Economics and International Business
LECTURER IN INTERNATIONAL BUSINESS (REF 00276)

The position of lecturer is intended for those who wish to embark on an academic career. The successful appointees will also be supported to register for a PGCE Higher Education and then go on to complete a Masters by Research. Through this they are expected to put themselves in a position to register for a Ph.D.
Salary scale: Lecturer: £26356 - £32192 per annum inclusive (pay award pending)

We aim to be an equal opportunities employer and welcome applications from all sections of the community.

To obtain further particulars and an application form visit our website www.gre.ac.uk,
email: Jobs@gre.ac.uk or write to the Personnel Office, University of Greenwich, Avery Hill Road, London, SE9 2UG quoting the job reference. Applications should be returned by 5 pm on 30 September 2005.

University of Memphis
The Economics Department anticipates a tenure-track position for an Assistant Professor beginning fall semester 2006. The primary field of interest is public or labor economics. Candidates should have completed all requirements for the Ph.D. prior to arrival and have a well-defined research agenda. A typical teaching load is two courses per semester at the graduate level (MA, MBA, and Ph.D.) and/or undergraduate level. For information about the department please visit www.economics.memphis.edu. Screening of applications begins
October 15, 2005, and may continue until the position is filled. The availability of the position is contingent upon final budget approval by the University of Memphis. Please send a letter of application, resume, three letters of reference, evidence of teaching effectiveness and copies of relevant publications or papers in progress, to: B. Smith, (wtsmith@memphis.edu) Search Committee Chair, Department of Economics, Fogelman College of Business and Economics, University of Memphis, Memphis, TN 38152. The University of Memphis, a Tennessee Board of Regents Institution, is an Equal Opportunity / Affirmative Action employer.

School of International Service American University, Washington, D.C.

INTERNATIONAL COMMUNICATION
Assistant Professor
The School of International Service invites applications/nominations for a tenure-track position at the rank of Assistant Professor to begin Academic Year 2006-2007. Qualifications: PhD or equivalent degree in a related discipline required as well as a record of teaching and research excellence.

•INTERNATIONAL COMMUNICATION
Specialization in one or more key international communication topics, including the economics of international communication networks, information technology and international communication, and communication policy.

Please direct a letter of application, a curriculum vitae, three letters of reference, publications, and teaching evaluations to the International Communication Search Committee, School of International Service, American University, 4400 Massachusetts Avenue, NW, Washington, DC 20016-8071.

Consideration of nominations and applications will begin September 15, 2005 and continue until the position is filled.

The School of International Service provides a unique environment for learning and professional enhancement. It is a community comprised of scholars, practitioners, and students from around the world. The School of International Service classrooms also reflect the spirit of the community; teaching styles are highly collegial. The curriculum is distinguished by linking theory and practice and by addressing both conceptually and empirically the emerging issues of an increasingly interdependent and complex world. The faculty focuses on interactive learning and involves students in ongoing research projects in the School’s fields: Comparative and Regional Studies, Global Environmental Policy, International Communication, International Development, International Economic Policy, International Politics, International Peace and Conflict Resolution, and U.S. Foreign Policy. The School’s website can be accessed at www.american.edu/sis.

American University seeks highly dedicated teachers and scholars deeply committed to interdisciplinary learning, the application of new technologies in teaching and scholarship, and to the preparation of students for life in a diverse and rapidly changing global society.

An EEO/AA University. The University is committed to a diverse faculty, staff, and student body.

Franklin & Marshall College

EO Macroeconomics and Monetary Economics
DO Microeconomics

The Department of Economics at Franklin & Marshall College invites applications for a one-year position at the Visiting Assistant professor level, beginning Spring 2006, and possibly continuing to Spring 2007, subject to final administrative approval. We seek candidates who can teach introductory courses and intermediate macroeconomics and who can also contribute to one or more of the following
fields: money and banking, and applied microeconomics fields such as health and public finance. Teaching load is
3/2 and includes participation in the College's general education requirement and in interdisciplinary programs such as Public Policy and Environmental, Asian, Africana, and Women's Studies. Candidates should send (not email) a letter of application, curriculum vitae, graduate transcript, three letters of recommendation, evidence of teaching effectiveness, and a sample of recent publications or research to Eiman Zein-Elabdin, Chair, Department of Economics, Franklin & Marshall College, P.O.
Box 3003, Lancaster, PA 17604-3003. Deadline for
application: November 1, 2005.

Franklin & Marshall College is a highly selective liberal arts college with a demonstrated commitment to cultural pluralism through the hiring of women and minorities.
AA/EOE

California State University, Fresno
Several open positions:
a) Economic Education (link)

b) Health Economics & Public Finance (link)

c) Macroeconomics (link)

Research Associate with the Research Institute on Social and Economic Policy (RISEP), Florida International University

RISEP is looking for a research associate. We are hoping to fill the position anytime between now and January 2006. Job description is below.

JOB DESCRIPTION: Research Associate with the Research Institute on Social and Economic Policy (RISEP) at Florida International University

This is a 12 month position at Florida International University funded entirely from "soft" money raised through grants from foundations and other funders. It is housed on the University Park campus of Florida International University. The person filling this position must have an automobile for purposes of transportation.

The RISEP Research Associate's primary responsibility is to conduct social science research related to RISEP's mission of addressing issues of concern to working class and low income individuals and communities, as directed by the institute's director and project manager. The research associate must be able to extract and download databases from various sources and perform quantitative analysis on them. Familiarity with at least one of the standard social science database programs such as STATA, SPSS, NVivo, etc., is required. Familiarity and ability to use the GIS mapping system is a plus, but is not required.

The research associate must also be able to conduct social science surveys, to input and maintain data from such surveys, and perhaps also oversee others conducting surveys. He or she must also be able to interview others to obtain more detailed information, and to write up the results. The research associate also must be able to write or co-write research reports for the institute.

The research associate must be able to interact in a productive manner with those who will be providing information for research projects or those helping to guide the research questions being asked. Thus, ability to relate positively to government or economic development or other information source officials, labor leaders, community organizing group leadership, faith-based community organizing group leaders, and the like is important. Likewise, the research associate will be required to conduct research and write reports as part of a team, so "teamwork skills" are important.

Salary: Commensurate with experience; competitive.

Those interested in applying should forward a resume and cover letter to Bruce Nissen either electronically (nissenb@fiu.edu) or by snail mail:
Bruce Nissen, Florida International University, LC 311, University Park, Miami, FL 33199.

-University of Michigan-Dearborn, Dearborn-MI

N0 Economic History

One tenure track opening for a position at the Assistant Professor level. The primary area of teaching responsibility is Economic History.
Teaching load is three courses per semester, including core courses in principles of economics and intermediate microeconomics. A Ph.D. in economics or evidence of its impending completion is required.
Additional selection criteria include demonstrated potential for and commitment to teaching talented and diverse undergraduates, as well as the ability to sustain a productive research agenda. Appointment effective September 1, 2006. Salary is competitive. Applicants should send a cover letter, vita, unofficial copy of graduate transcript, three

letters of reference, a summary of teaching evaluations (if available), and a writing sample.

The University of Michigan-Dearborn is dedicated to the goal of building

a culturally diverse and pluralistic faculty committed to teaching and working in a multicultural environment. An equal opportunity-affirmative

action employer. CONTACT: Chair, Economics Search Committee, University of Michigan Dearborn, 4901 Evergreen Rd., Dearborn MI 48128- 1491. We will interview at the ASSA meetings in Boston. Applications should be received by December 5, 2005 to ensure full consideration. For further information, please visit:
http://www.umd.umich.edu/dept/acad/casl/socsci/econ

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“Banking and the Financing of Development: A Schumpeterian and Minskyian Perspective,”

By Jan Kregel and Leonardo Burlamaqui – see link. It is a chapter in Reimagining Growth edited by Gary Dymski and Silvana de Paula – see the link

Revue de Philosophie Economique
Annoucing the publication of the Revue de Philosophie Economique - June
2005/1, n. 11. Contents include:

Editorial
Alain MARCIANO pp. 3-8.

Articles
David COLANDER, Economics as an Ideologically Challenged Science, pp.
9-30.
Roger E. BACKHOUSE, Economists, Values and Ideology : a Neglected
Agenda, pp. 31-57.
Gilbert TOSI, Une nouvelle approche de lï¿½idï¿½ologie en Economie, pp.
57-84.
Maurice LAGUEUX, Peut-on sï¿½parer science et idï¿½ologie en Economique?,
pp. 85-112.
Steven G. MEDEMA, Ideology and Economic Analysis: Lessons from the
History of Modern Economic Thought, pp. 113-136.
Edward FULLBROOK, Concealed Ideologies: a PAE View of Ideology in
Economics, pp. 137-153.

Recensions dï¿½Ouvrages/Book Reviews
Sonja M. AMADAE, Rationalizing Capitalist Democracy. The Cold War
Origins of Rational Choice Liberalism, University of Chicago, Press,
2003, by Robert J. LEONARD, pp. 155-164
Kenneth R. HOOVER, Economics as Ideology: Keynes, Laski, Hayek and the
Creation of Contemporary Politics, Rowman et Littlefield Publishers,
2003, by Peter BOETTKE, pp. 165-174.

for further information please contact Alain Leroux
(alain.leroux@univ.u-3mrs.fr), Alain Marciano
(alain.marciano@univ-reims.fr) or Daniï¿½le Durieu
(daniele.durieu@univ.u-3mrs.fr)

Issues in Regulation Theory- Number 52
You can download from the website http://www.theorie-regulation.org
Contemporary financial crises: between newness and repetition"
Robert Boyer (EHESS, CNRS, CEPREMAP-ENS) robert.boyer@ens.fr
Mario Dehove (CEPN-Université Paris Nord) mdehove@ccomptes.fr
Dominique Plihon (CEPN-Université Paris Nord) dplihon@aol.com

This English-language newsletter contains a translation of the theoretical
note published in French in La Lettre de la Régulation and information on
research activities in the area of institutional regulation.

Previous Issues in Regulation Theory :

Issues in Regulation theory n°51 contains a note on
Regulation finance-driven capitalism"
Michel Aglietta, FORUM (université Paris X-Nanterre) and CEPII
aglietta@cepii.fr
Antoine Rebérioux, FORUM (université Paris X-Nanterre)
antoine.reberioux@u-paris10.fr
http://www.theorie-regulation.org

°+°+°+°+°+°+°+°+°+°+°+°+°+°+
Issues in Regulation theory n°50 contains a note on
"Taxes, benefits and the distribution of incomes"
John Morley, Univ. of Nottingham, Business School, tw@alphametrics.co.uk
Terry Ward, Alphametrics, Cambridge and Applica, Brussels, john.morley@pandora.be

°+°+°+°+°+°+°+°+°+°+°+°+°+°+
Issues in Regulation theory n°49 contains a note on
"France's new social protection system"
Jean-Claude Barbier (CEE) jean-claude.barbier@mail.enpc.fr
Bruno Théret (Iris-Paris Dauphine) theret@dauphine.fr

Talking Economics Monthly
The September edition of Talking Economics Monthly deals with the theme of Corporate Social Responsibility in its various manifestations.

Talking Economics Bulletin - September 2005
1) CSR? Boo or Hurrah? - Talking Economics Monthly Sep 05
2) Associative Economics Events in the UK
3) From Gate Gourmet to the China Clothes Crisis
4) How to Finance a Community Orchard
5) The Colours of Money - A weekend seminar in Holland
For detailed information: talkingeconomics.doc and Sep 05 - CSR.pdf

Earthscan's September E-Newsletter

Contents
1. New Books
This month's selection includes ground-breaking titles in the following categories:
* Climate & Energy
* Sustainable Development
* Development Studies

2. Earthscan News
* Catch up with the latest conferences and view our new Earthscan conference diary!
* ECOLOGIST special offer for Earthscan readers
* Competition - win £50 of free EARTHSCAN books! (and help us improve the website)
For detailed information: Earthscan.doc

Environmentalism in Turkey Between Democracy and Development?
Fikret Adaman and Murat Arsel

Edited book on Environmentalism in Turkey by Fikret Adaman and Murat Arsel which uses a variety of heterodox methodologies.

Bringing together a mixture of theoretical discussion, political analyses and illustrative case studies, this volume provides the first comprehensive scholarly analysis of the tension between environmental protection and economic development in Turkey. Through its dual focus on democratization and modernization, this book also makes an important contribution to the literature on politics in contemporary Turkey. It identifies and analyses the forces underwriting the growth of environmental social movements, investigates the impacts these movements have on development and modernization, and above all, evaluates the role played by environmental movements in the democratization process of Turkey.

Priceless On Knowing the Price of Everything and the Value of Nothing
By Frank Ackerman and Lisa Heinzerling
The New Press, 2004

The first comprehensive rebuttal of the Bush administration’s market-based assault on legal protections for human health, the environment and natural resources, Priceless signals the danger of allowing an artificial bottom line to distinguish right from wrong in public policy. Written by Tufts University Global Development And Environment Institute economist Frank Ackerman and Georgetown University Law Center professor Lisa Heinzerling, Priceless debunks cost-benefit analysis and the derelict logic used to defend it.

Praise for Priceless:
"A vividly written book, punctuated by striking analogies, a good deal of outrage, and a nice dose of humor." — Cass R. Sunstein, The New Republic
"Ackerman and Heinzerling combine sophisticated criticism and a provocative policy perspective with an accessible style and an eye for contemporary political issues. . . . " — Harvard Law Review
"Exposes a little-known but significant and fatal flaw at the heart of the Bush administration's antiregulatory crusade." — OnEarth magazine
“A damning indictment of cost-benefit analysis applied to health and environmental protection.”— Robert F. Kennedy, Jr.
“Priceless takes apart the barren but intricate hokum of deregulatory formulaics that have duped key members of the mass media and frozen your rights to a cleaner, safer, and more efficient marketplace and environment… [A] very important, unique book.” — Ralph Nader

Read more about Priceless on the Global Development and Environment Institute web site:
http://www.ase.tufts.edu/gdae/publications/other_books/priceless.htm
Order Priceless in Paperback from Amazon.com:
http://www.amazon.com/exec/obidos/tg/detail/-/1565849817/ref=lpr_g_1/102-0668250-7119308?v=glance&s=books
Or directly from The New Press:
http://www.thenewpress.com/books/pricelesspbk.htm

Review of Political Economy/ Books for Review

Hello, all. The Review of Political Economy has received review copies of the following books. If you are interested in reviewing one or more of them for us, please get in touch with me via e-mail at mongiovg@stjohns.edu. We regard book reviews as an important mechanism for the transmission of information in our discipline. A review should give a clear idea what the book is about, a sense of its relevance, and an assessment of its strengths and weaknesses. As in the past, if I don’t know you, please include a bit of information about yourself and your qualifications for reviewing the books you selected. I’ll take a couple of weeks to sort through competing requests and then get back to you. It’s usually a good idea to indicate alternate selections. Finally, you may want to visit publishers’ websites to find out more about a book before requesting it, to be sure whether it’s in your line. I look forward to hearing from many of you.

Many thanks in advance.

Gary Mongiovi
E-mail: mongiovg@stjohns.edu

For list of the books: ROPE.doc

The Association for Georgist Studies
The Association for Georgist Studies, www.georgiststudies.org, is a new organization established to encourage scholarship on the ideas of Henry George and others of like mind.
The Association for Georgist Studies is an organization of scholars and other writers in the social sciences, founded in 2005. We seek to advance knowledge of the ideas expounded by Henry George and others of like mind. George attributed the persistence of poverty in the midst of economic growth to concentrated ownership, misallocation, and overpricing of land, broadly defined. He attributed depressions to overpricing carried to extremes during land booms. As a remedy he advocated shifting all taxes from labor and capital onto land (source: website)

Institute at Tufts to Award Economics Prize to Columbia’s Richard R. Nelson, Cambridge University’s Ha-Joon Chang Awards Ceremony

October 27: “Rethinking Development for the 21st Century”

Tufts University’s Global Development And Environment Institute (GDAE) will present its annual Leontief Prize for Advancing the Frontiers of Economic Thought to Richard R. Nelson of Columbia University and Ha-Joon Chang of Cambridge University on October 27, 2005 on Tufts’ Medford campus. The award ceremony will feature lectures by Dr. Nelson and Dr. Chang on the theme, “Rethinking Development in the 21st Century: Globalization, Innovation, and the Role of the State.”

“Global, national and local economies are changing faster than ever before,” said Institute co-director Neva Goodwin. “Richard Nelson and Ha-Joon Chang are playing a critical role in helping the discipline of economics keep up with events in the real world.”

The Institute, which is jointly affiliated with Tufts’ Fletcher School of Law and Diplomacy and Graduate School of Arts and Sciences, inaugurated the award in 2000 in memory of Nobel Prize-winning economist and Institute advisory board member Wassily Leontief, who had passed away the previous year. The prize recognizes economists whose work, like that of the institute and Dr. Leontief himself, combines theoretical and empirical research that promotes a more comprehensive understanding of social and environmental processes.

The inaugural prizes were awarded to John Kenneth Galbraith and Nobel Prize winner Amartya Sen. Subsequent Leontief Prize recipients have included Paul Streeten, Herman Daly, Alice Amsden, Dani Rodrik, Nancy Folbre, and Robert Frank.

The 2005 prizes come at a critical juncture in world trade negotiations, with the World Trade Organization in disarray as it approaches critical December meetings in Hong Kong. With its selections, the Institute is recognizing important efforts to deepen economic analysis of international development and to ground such analysis in an appreciation of social, environmental and technological realities of the twenty-first century.

In awarding the Leontief Prize to Dr. Nelson, GDAE cites his pioneering theoretical and empirical work, which has examined the process of long-run economic change with particular emphasis on technological innovation and the evolution of economic systems. Dr. Nelson has recently elaborated his approach to address the particular challenges of developing countries. Among Dr. Nelson's important works are: The Sources of Economic Growth (2000), National Innovation Systems: A Comparative Analysis (1993), and An Evolutionary Theory of Economic Change (1985).

Dr. Ha-Joon Chang is a leader of a new generation of economists working to revitalize the field of development economics. With the Leontief Prize, GDAE recognizes Dr. Chang’s work on the role of the state in fostering development in poorer countries, and on the extent to which the process of economic globalization is making it more difficult for states to pursue such development goals. In a career that thus far spans only a dozen years, Dr. Chang has already published some of the classics in his field, including: The Political Economy of Industrial Policy (1994), Globalization, Economic Development, and the Role of the State (2002), Reclaiming Development (2004), and Rethinking Development Economics (2003). Dr. Chang's 2002 book, Kicking Away the Ladder - Development Strategy in Historical Perspective, has been met with wide acclaim and has been translated into numerous languages.

The Global Development and Environment Institute was founded in 1993 with the goal of promoting a better understanding of how societies can pursue their economic and community goals in an environmentally and socially sustainable manner. The Institute develops textbooks and course materials that incorporate a broad understanding of social, financial and environmental sustainability. The Institute also carries out policy-relevant research on the role of the market in environmental policy, recycling and material use, climate change, and globalization and sustainable development. The Institute’s new book, Putting Development First, includes contributions from leading development scholars, including Dr. Chang. GDAE’s six-volume book series, Frontier Issues in Economic Thought, identified and summarized over 400 academic articles on topics often given little attention in the field of economics.

The awards ceremony and Leontief Prize lectures are scheduled for 5:00 p.m., October 27 in Tufts Coolidge Room at Ballou Hall on Tufts University’s Medford Campus. For more information contact Minona Heaviland, minona.heaviland@tufts.edu, 617-627-3530

Further information available on the web at:
http://www.ase.tufts.edu/gdae/about_us/leontief05.html

Tributes to David Houston, Radical Economist

David Houston was a long-time Managing Editor of RRPE. He was also a fine and inspiring radical teacher and activist. In 1996 David suffered a severe brain hemorrhage and has since had numerous strokes and seizures. With the help of his wife Jan Carlino, David has survived. He can't do a lot of things but he is still a radical and still an activist. His health, though, is not very good.

John Miller and I have written tributes to David, who was our professor at the University of Pittsburgh. These tributes are on the web at
<www.mrzine.org>. Please check these out. And if you knew David or are moved by our tributes, please click on the "comment" button at the end of the tributes and leave David a message. He will be most appreciative.

Thanks,

Michael Yates

"The Story Begins"

Based on American Pie by Don McLean

later parodied by Weird Al Yankovic

and now by Megan Cornell (UMKC Economics Graduate Student)

A long, long time ago
In a country far away
England was under an attack
And I thought me and Adam Smith
Could talk the parliament into
Maybe cutting them a little slack
But their response, it didn't thrill us
They locked the doors and tried to kill us
We escaped from that death ray
Then met Ricardo and Jean-Baptiste Say
We took a horse from the scene
And we went the road to see the Queen
We all wound up in a time machine
That's where we found this boy...

Oh my my this here Keynesian guy
May be day trader someday later- now he's just a small fry
And he left his home and kissed his wife goodbye
Sayin' "Soon I'm gonna dominate supply"
"Soon I'm gonna dominate supply "

Did you know this general theorist
who broke free from the supply-ist
But he can use the Market, they say
Ahh, do you see him giving the system a look

this time he' gonna write the book
Yah, smith thought he had it working
Well, little did he know the great depression was lurking
And I've heard how fast his mind can go at best
And so we thought we'd give it a test
So we made a wager on our guest
He prepared a quick ideology

And the minute he embraced that methodology

Well, I knew who would save our economy
Oh yes, it was our boy

We started singin' ...
Oh my my this here Keynesian guy
May be day trader someday later- now he's just a small fry
And he left his home and kissed his wife goodbye
Sayin' "Soon I'm gonna dominate supply"
"Soon I'm gonna dominate supply "

Now we finally got to America
The President we knew would want
To see how good the boy could be
So we took him there and we told the tale
How his policies were off the scale
And he might fulfill that prophecy
Oh, the President he was impressed, of course
Could he bring balance to the market?
They interview the kid
Oh, training they forbid
Because they knew there problems were solved
as his plan was so involved
he wrote a book faster than I would recommend
never the less he turned the market into everyone's friend

He was singin' ...
Oh my my this here Keynesian guy
May be day trader someday later- now he's just a small fry
And he left his home and kissed his wife goodbye
Sayin' "Soon I'm gonna dominate supply"
"Soon I'm gonna dominate supply "

We caught a ride back to England
where this guy was in great demand
I frankly would've liked to stay
and see the dawn from the gray
And it wasn't long at all before
Keynes knew he started something big
And in the end some classical's hid
Some started stronger determined to rid

Society of this crazy notion

that the economy was broken
And the system I admire most
Met up with the 1960's and it was almost toast
Well, it was good we found what it wanted and gave it a healthy dose
I guess I'll keep the system close

And I was singin' ...
Oh my my this here Keynesian guy
May be day trader someday later- now he's just a small fry
And he left his home and kissed his wife goodbye
Sayin' "Soon I'm gonna dominate supply"
"Soon I'm gonna dominate supply "

We were singin' ...
Oh my my this here Keynesian guy
May be day trader someday later- now he's just a small fry
And he left his home and kissed his wife goodbye
Sayin' "Soon I'm gonna dominate supply"
"Soon I'm gonna dominate supply "

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