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Issue-27, May 2, 2006
From the Editor
May 1, World Workers Day, is usually a day for rejoice, but
yesterday John Kenneth Galbraith died. His obituary is
found under FYI. By coincidence, ROPE is calling for papers
on Galbraith—see below. The Newsletter also has information
about a number of interesting summer conferences and
schools, a number of job postings for heterodox economists,
and a new heterodox website. Finally I would like to plug
the Association for Heterodox Economics annual conference
that is being held at the LSE on July 13-16—information
about the conference will be sent out shortly.
Fred Lee
In
this issue:
-
Call
for Papers
-
The Ninth International Post Keynesian Conference
- The Review of Political
Economy- John Kenneth Galbraith
- Rethinking Marxism 2006
- Conferences, Seminars
and Lectures
- How Class Works -- 2006
- 2006 URPE Summer
Conference
- NYC Union for Radical
Political Economics and the Brecht Forum
- The Contemporary
Relevance of Marx
- "The Nature of Money"
- History of Economic
Thought Conference
- Post Keynesian,
Institutionalist & Feminist Economics
- Impact of Keynesian
Economics on Policy
- 19th Annual Conference
of the HETSA
- Histories of 8 Hour Day
and Working Life
-
Job Postings for
Heterodox Economists
- URPE Part-Time Job Vacancy
- Portland State University,
Portland, OR
- World Vision Australia
- Manhattan College
- Austin College
- Franklin & Marshall College
-
Heterodox Journals and Newsletters
-
Review of Political Economy
- Journal of Institutional
Economics
- USBIG Newsletter VOL. 7, NO.
38, March - April 2006
- RRPE
-
Heterodox Books and Book Series
- Macroeconomics
in Context
- Ethical Codes and
Income Distribution
- Monetary and Exchange
Rate Systems: A Global View of Financial Crises
- The Physical Foundation
Of Economics: An Analytical Thermodynamic Theory
-
Heterodox Websites
-
Global MacroScope
-
Heterodox Economics
Archives
- URPE
Newsletter 1969-1972
-
For Your Information
- John Kenneth Galbraith, 97, Dies; Economist, Diplomat and Writer
- Doha Round and Developing
Countries: Will the Doha deal do more harm than good?
Call for Papers
The Ninth International Post Keynesian Conference
“THE CONTINUING RELEVANCE OF THE
GENERAL THEORY”
September 15-18, 2006
Kansas City, MISSOURI
SUBMISSION DEADLINE: MAY 20, 2006
For detailed information:
Call For Papers.pdf
The Review of Political
Economy- John Kenneth Galbraith
The year 2008 marks the centenary of the birth of John Kenneth
Galbraith. It is also the 50th anniversary of the publication of The
Affluent Society. The Review of Political Economy plans to commemorate
these anniversaries with a special issue devoted to the legacy of John
Kenneth Galbraith. His writings touch upon an extraordinarily wide range
of topics, including the theory of the firm; the theory of consumer
choice; poverty and income inequality; finance and speculation; fiscal
and monetary policies; wage and price controls; the nature of modern
capitalism; economic development; the history of economic thought; and
the importance of economic power. Those interested in contributing to
this special issue should submit three copies of their papers by April
30, 2007 to Steven Pressman, Department of Economics and Finance,
Monmouth University, West Long Branch, NJ 07764 or via email to
pressman@monmouth.edu.
Rethinking Marxism 2006
RETHINKING MARXISM: a journal of economics, culture & society is pleased
to announce its sixth major international conference, to be held at the
University of Massachusetts, Amherst on 26-28 October, 2006. The
conference is entitled Rethinking Marxism 2006.
The deadline for proposal submission is 1 August 2006.
For detailed information:
Rethinking Marxism
2006.doc
Top
Conferences, Seminars and
Lectures
How Class Works -- 2006
A conference at the State University of New York at Stony Brook
JUNE 8 to 10, 2006
ON-CAMPUS HOUSING REGISTRATION ENDS APRIL 30!
DISCOUNT REGISTRATION RATE ENDS MAY 7
To see the full program and register visit the conference page at
www.workingclass.sunysb.edu
Speakers Confirmed
Joe Berry
Barbara Bowen
Steve Fraser
Jennifer Gordon
Peniel Joseph
Nelson Lichtenstein
Joyce Mills
Susie Orbach
Uhuru Williams
Nancy Wohlforth
Plus over 150 presentations in working class studies from graduate
students, faculty, union and community activists -- from Canada,
Germany, Greece, Lithuania, Nigeria, UK, and US -- plus film, music,
photography, poetry
Sponsored by the Center for Study of Working Class Life
Conference coordinator -- Michael Zweig: (631) 632.7536 or
michael.zweig@stonybrook.edu
2006 URPE Summer
Conference
Nationalism, Internationalism, and Nature
Plenaries
Wars and Natural Resources
Katrina: Race and Class
Latin America: Breaking the Mold
New Dates: Friday, Aug. 11 - Monday, Aug 14.
New Place: Camp Deer Run
Next year's Summer Conference will take place a week earlier than
previous conferences and will take place at a new site, Camp Deer Run
(north of New York City). The new site will provide improved facilities
at a similar price. In January further information on the change, and
full instructions to the camp will be posted.
For more information contact URPE at
urpe@labornet.org or 413-577-0806.
NYC Union for Radical
Political Economics and the Brecht Forum
ORGANIZING POTENTIAL OF THE RETAIL SECTOR
Date: Tuesday, May 2, 7:30pm
Speakers: DAVID BENSMAN, MATHIAS BOLTON, JEFFREY EICHLER, LIZA
FEATHERSTONE
Moderator: EDAN DHANRAJ
U.S. manufacturing employment is declining, and jobs in many other
sectors are being outsourced to countries with cheaper labor costs and
eliminated through "lean and mean" technological change. In this
climate, union organizers are asking themselves where to organize next.
Our panelists feel there is great potential for organizing workers in
the retail sector, which includes massive distribution centers as well
as stores. Edan Dhanraj, our panel's organizer and chair, and RWDSU
research director Mathias Bolton have both worked in these distribution
centers, and Mathias has been involved in organizing drives in both
distribution centers and retail stores. RWDSU organizer Jeffrey Eichler
led a recently-successful drive to unionize immigrant workers in a chain
of Brooklyn sneaker stores. David Bensman has done extensive research on
the retail sector and will describe how it functions and how it has
changed over the years. Where Wal-Mart goes, others will follow -- it is
the largest employer (and retail employer) in the U.S. Liza Featherstone
will talk about the experiences of people who have been organizing
workers at Wal-Mart.
About the Speakers:
David Bensman is a professor of Labor Studies and Employment Relations
at Rutgers University, and author of several books about labor,
education, and social policy.
Mathias Bolton is the Director of Research for the RWDSU (Retail,
Wholesale and Department Store Union). For 10 years he worked at a
unionized retail distribution center where he was a rank and file
activist and elected union representative.
Jeffrey Eichler is the coordinator of Retail Organizing in NY for the
RWDSU.
Liza Featherstone is a journalist who writes frequently on labor and
student activism for The Nation, as well as many other publications. She
is the co-author of Students Against Sweatshops: The Making of a
Movement (2002). In 2004, she published Selling Women Short: The
Landmark Battle for Workers' Rights at Wal-Mart, a history of Dukes vs.
Wal-Mart, the largest civil rights class-action suit in history.
***********************************************************************
OIL, NUKES, MULLAHS, DEMOCRACY AND U.S. HEGEMONY:
THE POLITICAL ECONOMY OF THE IRAN CRISIS
Date: Tuesday, May 16, 7:30pm
Speakers: FARAMARZ FARBOD, REZA GHORASHI, FATEMEH MOGHADAM, TOM
O'DONNELL
The long-suffering Iranian people face dual burdens: the constant
prospect of a bloody U.S.-led intervention, and the continued internal
rule of the mullahs. This panel examines the motivations of both sides,
and addresses a number of questions: What is the political-economic
basis for the persistent hostility towards Iran by the U.S. and its
allies: Britain, France and Germany? What is the role of their long-term
quest for oil? What are the real issues involved in the nuclear power
dispute? What is the political economy of the present clerical regime,
and what are the prospects for internal social and democratic
transformation? What is the current status of women in Iran, and how are
policies towards women used to maintain overall social control? Our
panelists will cut through the abundance of official misinformation on
Iran, and seek effective ways to express our solidarity with the just
struggles of the Iranian people.
About the Speakers:
Faramarz Farbod is an Iranian-American (a native of Iran). He taught
politics in Iran for several years in the 1990s, and has been teaching
politics in the US (Moravian College, Bethlehem, PA) since 1998. He is
pursuing his PhD in comparative politics at Rutgers University. His
primary areas of interest are: American foreign policy in the Third
World (especially in the Middle East); issues related to globalization,
empire, capitalism, and development; politics of dissent here in
America; and issues related to the US media.
Reza Ghorashi has a Ph.D. in economics from Fordham University and
teaches at Richard Stockton College of New Jersey. His areas of research
and interest are international trade, globalization, and the Middle
East, particularly Iran. He has published articles in both English and
Farsi on the listed subject matters.
Fatemeh Moghadam teaches courses at Hofstra on Economic Development,
Women and Development in the Middle East, Economic Development in the
Middle East, and International Economics. She has published extensively
on economic history, agricultural development, and women and
development, including a book, From Land Reform to The Revolution: The
Political Economy of Agricultural Development in Iran (1960-1979) (Tauris
Academic Studies, London, February 1996). Her research work includes
several field studies in Iran. Her most recent publications include
entries in The Oxford Encyclopedia of Economic History (New York, 2003),
entries in Encyclopedia of Women and Islamic Cultures (to appear 2006),
as well as articles on women and work in Iran.
Tom O'Donnell (PhD, nuclear physics) is Lecturer at the University of
Michigan, Ann Arbor in the Science, Technology and Science Program (STS)
and the Center for Middle East and North African Studies (CMENAS), and
the Residential College. He lectured on "The Global Oil System and the
Middle East" in graduate economics at The University of Algiers and, as
visiting professor, at The New School for Social Research in New York
City in spring-summer of 2005. He is currently writing a book on "The
New Globalized Oil Order." He is also Associate Member of the Michigan
Center for Theoretical Physics (MCTP). He previously spent a decade as
an industrial worker and organizer-activist in Detroit auto plants and
on Chicago railways.
***********************************************************************
THE POLITICAL ECONOMIES OF PALESTINE AND ISRAEL:
UNDER-EXPLORED ASPECTS OF THE CONFLICT
Date: Thursday, June 1, 7:30pm
Speakers: JEROME JOFFE, KAREN PFEIFER
Last summer Jerry Joffe participated in a fact-finding tour of
Palestine, sponsored by Faculty For Israeli-Palestinian Peace. He
traveled extensively throughout the West Bank in search of a deeper
understanding of how the economy of Palestine works, and of how economic
circumstances frame the political prospects for peace between Israel and
Palestine. Jerry will report on what he learned about the many obstacles
to economic development in Palestine during the years of the Israeli
occupation.
Because the economies of Israel and Palestine are so closely
intertwined, economic policies and circumstances in Israel have a strong
effect on Palestine, above and beyond whatever is going on politically.
Karen Pfeifer, who has studied and taught about the economies of many
countries in the Middle East, will talk about Israel's economy: its
strengths, its vulnerabilities, and their dialectic.
About the Speakers:
Jerome Joffe teaches at St. John’s University, Division of Social
Science, Program in Health Care Administration. His publications include
"The U.S. Health Care System, A Reproduction Crisis" in Political
Economy and Contemporary Capitalism (M.E. Sharpe) and articles on Long
Term Care (Home Health Care Services Quarterly), Health Care Costs
(Journal of Economic Issues), Physician Productivity (Public Health
Reports) and Health Utilization (Inquiry). Jerry recently joined a tour
of Palestine sponsored by Faculty For Israeli-Palestinian Peace and has
written a report which is on their website.
Karen Pfeifer is a Professor of Economics at Smith College and has
taught there since 1979. She has served as an editor of Research in
Middle East Economics and of Middle East Report. Pfeifer's main teaching
fields are alternative economic theory and comparative economic systems,
with research focused on economic development and social change in the
Middle East and North Africa. She has done research in Algeria, Egypt,
Jordan, Kuwait, Lebanon, Turkey, and the Palestinian Territories. Her
most recent scholarly projects concern rebuilding devastated economies
in the Middle East and the Euro-Med Partnership Initiative.
The Contemporary Relevance of Marx
Participants:
Daniel BENSAïD, journal Contretemps (Paris)
Alex CALLINICOS, journal International Socialism Journal (London)
Alexandros CHRYSSIS, journal OUTOPIA (Athens)
Michael LöWY, journal Contretemps (Paris)
Yannis MILIOS, journal THESEIS (Athens)
ATHENS – 3 MAY 2006 18H 30
Eshea Meeting Roo
20 Akadamias Street (metro Panepistimio line 2)
"The Nature of Money"
Multidisciplinary Workshop- Laurentian University
May 5-6, 2006
Sudbury, Ontario, Canada
For detailed information:
SudburyPoster1_2_.pdf
History of Economic Thought
Conference
UK Annual Conference
The University of Brighton Business School hosts the
Annual UK
History of Economic Thought Conference at Mithras House from
September 13 until 15, 2006
Post Keynesian, Institutionalist &
Feminist Economics
Graduate Summer School
The Interdisciplinary Graduate Summer School in Post Keynesian,
Institutionalist and Feminist Economics from June 18 to 24, 2006 is
hosted by the University of Missouri - Kansas City, the Center for Full
Employment and Price Stability, and the Journal of Post Keynesian
Economics
Impact of Keynesian Economics on
Policy
9th Int'l Post Keynesian Conference
The 9th International Post Keynesian Conference from September 15 to
19, 2006 at the University of Missouri - Kansas City is a celebration of
the impact of Keynesian economics on policy. Keynote speakers include
Skidelsky, Goodhart, Davidson, Harcourt, Pasinetti.
19th Annual Conference of the
HETSA
History of
Economic Thought
The School of Business at the University of Ballarat hosts "Rummaging
through the golden threads of the history of economic thought" - the
19th conference of the History of Economic Thought Society of Australia
(HETSA) on July 4-7, 2006.
Histories of 8 Hour Day and
Working Life
Working to Live
On June 20 & 21, 2006 Histories of the 8 Hour Day and Working Life, a
joint initiative of the Australian Society for the Study of Labour
History and the Australian Centre at the University of Melbourne,
commemorates the 150th anniversary of the 8 Hour System established by
the Melbourne Stonemasons.
Top
Job Postings for
Heterodox Economists
URPE Part-Time
Job Vacancy
The Union for Radical Political Economics (URPE) seeks applications for
a part-time Office Manager. Founded in 1968, URPE is a membership
organization of academics and activists who share an interest in a
radical analysis of political and economic topics. URPE's members use
their analysis to advance various progressive political and social
agendas.
Applicants should have the experience necessary to:
a. Manage the URPE office (located at U. Mass/Amherst). Some bookkeeping
required; web skills an advantage.
b. Make use of the URPE office to build URPE's presence in the area.
b. Attend and help organize conferences, including URPE's August Summer
Conference.
c. Work with the URPE Steering Committee to promote the goals of the
organization.
Starting date: August 1.
Salary, benefits, and hours negotiable.
Send applications to:
P. Parmalee
35 Aumick Road
Wallkill NY 12589
Portland State
University, Portland, OR
E0 Macroeconomics
C01 Econometrics
C02 Mathematical Methods
One year Visiting Assistant Professor opening--with possible one-year
renewal--for candidate with teaching fields that include macroeconomics
at the introductory, intermediate and master’s level. Helpful but not
necessary would be the ability to contribute in other areas such as
econometrics, mathematical economics and money and banking. Candidate
should display exceptional ability in classroom teaching to a diverse
student body at an urban university campus. Ph.D. preferred, will
consider exceptional candidates who are A.B.D. or experienced
applicants. Compensation will be competitive. Portland State University
is an Affirmative Action, Equal Opportunity institution and welcomes
applications from diverse candidates and candidates who support
diversity. Review of applications will begin May 1, and continue until
finalists have been identified. Send curriculum vita with cover letter,
writing sample, teaching evaluations or other evidence of high-caliber
teaching, and 3 letters of recommendation. Position open until filled.
CONTACT: Mary King, Chair, Dept. of Economics, Portland State
University, P.O. Box 751, Portland, OR 97207-0751.
World Vision
Australia
World Vision Australia, Australia's largest development NGO, is
currently seeking an experienced development economist to lead its
public policy work on the area of trade and debt. Australian trade
policy and its impact on development will be the primary focus of the
role, with a smaller emphasis on bilateral and multilateral debt policy.
Ideally, the incumbent will possess postgraduate qualifications in
economics, have a thorough knowledge of trade and/or debt policy from a
broadly Post Keynesian, evolutionary and/or institutional economics
perspective, and have experience in policy development or influence. The
position will be located in Canberra (preferably) with Melbourne or
Sydney also possible. Assistance with relocation expenses will be
available to a successful international applicant.
Applicants should direct enquiries to either Kirsty Nowlan (Manager,
Public Policy) at
kirsty.nowlan@worldvision.com.au or Melanie Gow (Head,
Advocacy & Public Influence) at
melanie.gow@worldvision.com.au
.
Applications close 12 May 2006. Applications, containing a CV and a
covering letter addressing the essential and desirable criteria should
be mailed or emailed to:
Linda Ng-Tatam,
Administrative Coordinator
Advocacy & Public Influence
World Vision Australia
1 Vision Drive
Burwood East VIC 3151
AUSTRALIA
Email:
Linda.Ng-Tatam@worldvision.com.au
Manhattan
College
The Department of International Studies at Marymount Manhattan College
invites applications for a one-year, non-tenure track faculty position
beginning Fall 2006.
Assistant Professor/Instructor of International Studies
Description: A Social Scientist with a background in the political
economy of developing nations.
Requirements: Candidates should also demonstrate substantive interest in
one or more of the following areas: international political economy,
economic geography, human rights, migration, refugees, urban issues.
Ph.D. preferred, ABD considered in one of the following disciplines:
Economics, History, Political Science, and Sociology.
Classes to be taught include Economy, Society and the State, Global
Economy, Political Economy of Development and Underdevelopment, and a
freshman writing seminar.
Application Materials: Please submit letter, vita, sample of current
scholarship and three reference letters to the Chair of the Search
Committee.
Search Chair: Radhika Balakrishnan, Ph.D., Chair, Search Committee,
Marymount Manhattan College, 221 East 71st St., New York, NY 10021
Submission Deadline: Review of applications begins May 12, 2006.
Austin College
A tenure-track position, with fields in Law & Economics, International
Trade, Urban & Regional, and possibly Environmental. From past
interviews at the AEA, it has become painfully obvious that the
candidates are extremely narrowly read; unaware of heterodox material.
Being a Liberal Arts College, we want desperately to interview
candidates who are more well-rounded. The position starts in Fall 2007.
Interviewing for the position will run from Fall 2006 to Spring 2007. We
may attend the ASSA. A job ad will be placed in the October JOE. If you
have any questions e-mail:
Dan Nuckols
Associate Prof. of Economics
Austin College
Sherman, Texas
903-813-2529
E-mail:
dnuckols@austincollege.edu
Franklin &
Marshall College
Franklin & Marshall College’s Local Economy Center (LEC) and the Campus
Sustainability Committee (CSC) anticipate a Postgraduate Fellow position
within the Floyd Institute for Public Policy.
For detailed information:
LEC=CSC_Fellow3.doc
Top
Heterodox Journals and
Newsletters
Review of
Political Economy
Volume 18 Number 02/April 2006 of Review of Political Economy is now
available on the journalsonline.tandf.co.uk web site at
http://journalsonline.tandf.co.uk .
This issue contains:
‘Marxism Gone
Mad’: Tugan-Baranovsky on crises, their possibility and their
periodicity
Daniele Besomi
Effective demand
in a stylised Keynesian model of growth
Keiran Sharpe
The role of
pecuniary external economies and economies of scale in the theory of
increasing returns
Ramesh Chandra, Roger Sandilands
Profit-sharing
versus interest-taking in the Kaldor–Pasinetti theory of income and
profit distribution
Usamah A. Uthman
Real wages,
productivity and economic growth in the G7, 1960–2002
H. Sonmez Atesoglu, John Smithin
A Kantian
critique of neoclassical law and economics
Mark D. White
Stiglitz
and his discontent
Timothy Koechlin
Screpanti
versus Marx on exploitation: a comment
Andrew Kliman
Book reviews
Journal of Institutional Economics
The April 2006 issue of the Journal of Institutional Economics (JOIE)
has appeared.
Contents of the April 2006 issue
John T. Davis, "The turn in economics: neoclassical dominance to
mainstream pluralism?"
Antonella Zucchella, "Local cluster dynamics: trajectories of mature
industrial districts between decline and multiple embeddedness"
Huáscar Fialho Pessali, "The rhetoric of Oliver Williamson's transaction
cost economics"
Werner Hölzl, "Convergence of financial systems: towards an evolutionary
perspective"
Christopher May, "Social limits to the commodification of knowledge: ten
years of TRIPs"
Werner Sombart (1929), "Economic theory and economic history"
For detailed information:
La JOIE du
printemps.doc
USBIG Newsletter
VOL. 7, NO. 38, March - April 2006
This is the Newsletter of the USBIG Network,
http://www.usbig.net , which promotes
the discussion of the basic income guarantee (BIG) in the United
States--a policy that would unconditionally guarantee a
subsistence-level income for everyone. If you would like to be added to
or removed from this list please email:
Karl@Widerquist.com.
For detailed information:
USBIG Newsletter.doc
RRPE
URPE at ASSA papers:
Christopher Gunn, "Cooperatives and Market Failure: Workers'
Cooperatives
and System Mismatch"
Tim Koechlin, "U.S. Mulitnational Corporations and the Mobility of
Productive Capital"
James Crotty and Kang-Kook Lee, "The Effects of Neoliberal 'Reforms' on
the Post-Crisis Korean Economy"
Gerard Dumenil and Dominique Levy, "Imperialism in the Neoliberal
Era: Argentina's Reprieve and Crisis"
Martin Wolfson, "Neoliberalism and Social Security"
Douglas Orr, "The Rhetoric of the Social Security Debate"
Erdogan Bakir and Al Campbell, "The Effect of Neoliberalism on the Fall
in the Rate of Profit in Business Cycles"
Christian Weller, "Gambling with Retirement: Market Risk Implications
for Social Security Privatization"
Ron Baiman, "The Estimated Economic Impact of a Chicago Big Box Living
Wage Ordinance"
May King, "Women's Work: Using U.S. History to Explain Mexican Women's
Differential Work Strategies in Mexico and the United States"
Phillip Anthony O'Hara, "A Chinese Social Structure of Accumulation for
Capitalist Long Wave Upswing?"
Book review essay:
Mehrene Larudee, "Inside Stories"
Vol. 38 No. 4: Special Issue: The History of Heterodox Economics
Fred Lee, "Introduction"
Howard Sherman, "The Making of a Radical Economist"
Stavros Mavroudeas, "The History of Political Economy and
Post-Modernism"
Matias Vernengo, "Technology, Finance, and Dependency: Latin American
Radical Political Economy in Retrospect"
Guido G. Preparata, "Perishable Money in a Threefold Commonwealth:Rudolf
Steiner and the Social Economics of an Anarchist Utopia"
Jonathan Goldstein, "Marxian Microfoundations: Contributions or Detour?"
Fabian Tarrit, "A Strange Marxism: Defining the Scope of Analytical
Marxism"
Frank Stilwell, "The Struggle for Political Economy at the University of
Sydney"
Top
Heterodox
Books and Book Series
Macroeconomics
in Context
Substantial portions of the Preliminary Edition of Macroeconomics in
Context are now available electronically on the Web. You can use this as
your class text this fall by downloading the whole book, or individual
chapters, at no cost to you or your students.
One user of early drafts says:
"Macroeconomics in Context is the best text I've seen for undergraduate
teaching…By paying attention to the challenges we face today, such as
environmental degradation and social issues, students readily see why
and how economics is important to learn. This text gives students the
basics while raising questions about how we can do better…"
--Valerie Luzadis, SUNY Syracuse.
Go to
http://www.ase.tufts.edu/gdae/publications/textbooks/macroeconomics.html
to download this innovative text!
Description:
While Macroeconomics in Context incorporates the theoretical content
expected in a principles text, it delves deeper, offering a fresh
understanding of economic realities. Instructors will find that standard
topics – including Classical and Keynesian approaches, in both new and
old versions – are covered clearly and succinctly. But, in addition,
questions of ecological sustainability, non-marketed production
accomplished within households and communities, the quality of life, and
income distribution are given more attention than in other texts. Taking
history, institutions, and environmental constraints seriously, this
textbook balances analysis of market processes in the macroeconomy with
discussion of public policies that go beyond short-term stabilization
targets to promote long-term sustainability and social goals. Nine
chapters of Macroeconomics in Context, Preliminary Edition are currently
available individually as Adobe Acrobat (pdf) files. All of the chapters
necessary to begin teaching from this book will be ready before the
start of fall term 2006; the last few chapters in the last section will
become available early in the semester. A revised, full-color, print
First Edition will later be produced, incorporating feedback from users
of the Preliminary Edition.
This is the companion book for Microeconomics in Context (Goodwin et
al., Houghton Mifflin, 2005).
For more information contact
gdae@tufts.edu
Ethical Codes
and Income Distribution
A Study of John Bates Clark and Thorstein Veblen
by Professor Guglielmo Forges Davanzati, Universita degli Studi di Lecce
Hb: 0-415-36539-2: £65.00
In this key new text Guglielmo Davanzati studies this burgeoning view
that ethics and economics can be compatible. Does ‘morality’ affect
income distribution? And, if so, what are the effects of the widespread
adoption of ethical codes on the functioning of the labour market?
Central to Davanzati’s efforts is the thesis that the roots of these new
developments can be traced back to the pioneering work of Thorstein
Veblen and John Bates Clark. Utilizing their contrasting works,
Davanzati’s text illuminates the propagation of ethical codes within the
two opposing frameworks i.e. the neoclassical and the institutional.
Davanzati’s important book will be an invaluable reference for readers
interested in history of economic thought, economics and moral
philosophy.
To purchase a copy of any of the book, please either reply to
Victoria.Lincoln@tandf.co.uk with a contact name, delivery address,
telephone number and/or e-mail address, or order online at
http://www.tandf.co.uk/books
in the UK, or www.routledge-ny.com
in the US.
Further Information from:
Victoria Lincoln, Marketing Executive: Business and Economics, Routledge
Books, 2 Park Square
Milton Park, Abingdon, Oxon, OX14 4RN
Tel: 020 7 017 6108
Fax: 0207 017 6707
Email: Victoria.Lincoln@tandf.co.uk
Monetary and
Exchange Rate Systems: A Global View of Financial Crises
By: Louis-Philippe Rochon and Sergio Rossi eds.
Published by Edward Elgar
For detailed information:
Rochon Rossi 2006.pdf
The Physical
Foundation Of Economics: An Analytical Thermodynamic Theory
By: Jing Chen
Published By: World Scientific Publishing
Abstract
All human activities, including mental activities, are governed by
physical laws and are essentially thermodynamic processes. However,
current economic theories are not established on these foundations. This
pioneering book seeks to develop an analytical theory of economics on
the foundation of thermodynamic laws. A unified understanding of
economic and social phenomena is presented, an understanding that is
much simpler than what mainstream economic theory has to offer. Its aim
is to revolutionize thinking in economics and transform social sciences
into an integral part of the physical and biological sciences.
What the Reviewers Say
"The Physical Foundation of Economics is an interesting attempt to use
the physics concept of entropy in economic sciences, analogous to its
success as Shannon entropy in information science."
Professor Dietrich Stauffer
University of Cologne
"Jing Chen presents us with a thermodynamic theory of economics which
unifies the concepts of physical entropy, information, and economic
value. The book is an exciting journey towards the point where
economics, physics, and biology come together and provides a deep
understanding of the fundamental interconnectedness between the
socio-economic world and the biosystem."
Assistant Professor Raluca Iorgulescu Polimeni, Siena College, USA
This book presents a theory that bridges the well ordered world of
physics and the chaotic world of economics. It goes a long way in
explaining why the world of human structures and systems are the way
they are and suggests that, perhaps, the world is not as unpredictable,
chaotic or complex as the dismal science would have us believe. This
book contains a fundamental idea that leaves readers thinking, "that's
so simple and obvious, I could have thought of that". -- Richard West
You will receive a 25% discount on your order if you buy direct from
World Scientific's online bookshop. Just mention the discount code
WSPC5819. This promotion ends on 31 May, 2006. A guide on how to order
can be found
here.
Heterodox Websites
Global
MacroScope
Global MacroScope, a new website, seeks to provide a portal for
international news, opinion and analysis focused on shifting parameters,
context and trends in the international economy. In additional to
selecting and continuously updating key published articles from a vast
array of international sources, we also commission original work from
academics, journalists, government policy makers and private industry
specialists. We publish writers embedded in the contexts, places and
sectors which are the focus of their work. We are proud to offer an
unrivaled diversity of opinions, paradigms, nationalities and career
backgrounds among our family of contributors and board members.
We invite you to visit, explore and also consider contributing to this
project. In this initial phase, all content is free. We will eventually
consign certain more specialized research reports to a client space on
the website, while the rest of the website will remain free and open to
the public.Max Fraad-Wolff (Mfwolff@aol.com)
WWW.GlobalMacroScope.com
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Heterodox Economics Archives
URPE Newsletters- 1969-1972
I am engaged in making pdf files of the URPE Newsletters from 1969 to
1980 and beyond. The files will be put in an URPE Newsletter folder that
is located in the Archive that can be found on the Heterodox Economics
Newsletter website:
http://www.heterodoxnews.com. Currently the folder has
newsletters for the period 1969 – 1972. Frederic S. Lee
Archive link
For Your Information
John Kenneth Galbraith, 97, Dies;
Economist, Diplomat and Writer
By HOLCOMB B. NOBLE and DOUGLAS MARTIN
John Kenneth Galbraith, the iconoclastic economist, teacher and diplomat
and an unapologetically liberal member of the political and academic
establishment he often needled in prolific writings for more than half a
century, died April 29th at a hospital in Cambridge, Mass. He was 97.
For detailed information:
John Kenneth
Galbraith.doc and
Iconoclastic Economist John Kenneth Galbraith Dies, By Bart Barnes
Doha Round and Developing
Countries: Will the Doha deal do more harm than good?
by Timothy A. Wise and Kevin P. Gallagher
RIS Policy Brief No. 22, April 2006
http://www.ase.tufts.edu/gdae/Pubs/rp/HiddenCostsApr06.htm
As WTO negotiators miss yet another deadline for concluding world trade
talks, developing country negotiators are no doubt asking themselves if
they might be better off with no deal at all. According to a new policy
report by Tufts University researchers, they have good reason to
question the agreement, as hidden costs may well outstrip the limited
gains predicted for most countries.
The new report, "Doha Round and Developing Countries: Will the Doha deal
do more harm than good?" was just released by the Indian think tank RIS,
the Research and Information System for Developing Countries. Timothy A.
Wise and Kevin P. Gallagher of Tufts Global Development and Environment
Institute use recent projections of different Doha scenarios from the
World Bank, UNCTAD, and others to assess the benefits and costs for
developing countries. Among their findings:
All projections of income gains for developing countries as a group are
modest, well under one percent of GDP and less than a penny-a-day per
person.
Only a few countries capture the bulk of the projected gains, with
Brazil and China among the winners. Some of the poorest countries and
regions, including Sub-Saharan Africa, see income losses or trivial
gains.
For many countries the loss of tariff revenues with liberalization are
greater than the projected gains from a Doha agreement. India, for
example, would lose nearly $8 billion in annual revenues from
manufacturing tariffs, almost four times the projected gains of $2.2
billion. For the developing world as a whole, a projected gain of just
$7 billion would be swamped by $63 billion in losses from tariffs on
manufactured goods.
Liberalization leads to de-industrialization in some emerging economies,
as some countries (Brazil) gain in agriculture at the expense of
manufacturing, and others (India) lose high value-added manufacturing
for gains in less-technologically developed industries, such as apparel.
The authors call for a re-examination of the proposed agreement in light
of the WTO's current mandate to foster broad-based development. For many
governments, the balance sheet on the Doha deal may well be negative.
Download "Doha Round and Developing Countries: Will the Doha deal do
more harm than good?"
http://www.ase.tufts.edu/gdae/Pubs/rp/HiddenCostsApr06.htm
See RIS Policy Briefs:
http://www.ris.org.in
See other analyses of the Doha Round by GDAE:
http://www.ase.tufts.edu/gdae/policy_research/WTO05.htm
See more on GDAE's Globalization and Sustainable Development Program:
http://www.ase.tufts.edu/gdae/policy_research/globalization.html
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