http://blog.gmane.org/gmane.science.economics.progressive-economists hourly 1 1901-01-01T00:00+00:00 http://gmane.org/img/gmane-25t.png http://gmane.org http://comments.gmane.org/gmane.science.economics.progressive-economists/79734 <pre>http://www.washingtonpost.com/blogs/ezra-klein/post/the-end-of-fish-in-one-chart/2012/05/19/gIQAgcIBbU_blog.html _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Louis Proyect 2012-05-26T18:25:50 http://comments.gmane.org/gmane.science.economics.progressive-economists/79733 <pre>Taxpayers, depositors, and other creditors often have to shoulder at least part of the burden of risky financial decisions made by lending institutions.[5][6][7][8] According to the World Bank, of the nearly 100 banking crises that have occurred internationally during the last 20 years, all were resolved by bailouts at taxpayer expense.[9] http://en.wikipedia.org/wiki/Moral_hazard#History_of_the_term _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> c b 2012-05-25T17:12:33 http://comments.gmane.org/gmane.science.economics.progressive-economists/79732 <pre>We remember how the neoconservatives will solve warfare as a way to out American softness and recover the noble heroism associated with past military victories. Here is a snippet from the post-Civil War period, which adds an interesting twist: the editorial in question makes a distinction between the ethic of warfare and the sordid moneymaking at the time. Today, the presumptive ethical basis of both the military and the moneymaking crowd deserve our highest admiration, even though the moneymakers are engaged in warfare against the same people that the military is supposed to be protecting. 94-5: "The fervor with which Americans practiced the rituals of Memorial Day began to fade in the late 1870s and early 1880s. Graceful popular ceremonies," declared The New York Tribune in May 1878, no longer fit in a society characterized by "the pioneers of the prairie and the speculators in railway stock." Bitterness had waned, and as "individual sorrow for the fallen fades away," said the Tribune, Decoration Day "gradually loses its best significance." By 1880, the same paper editorialized on how Decoration Day had "become coarser and more blurred" in its meaning, and how it had fallen into the "slough of politics." In the Gilded Age, the Tribune claimed that the truly "loyal" would continue to honor the Civil War dead, but also make every "effort to put out of sight the causes of the war, the hate and bitterness which we thought immortal." At stake now was the next generation and the social and moral order. Civil War memorialization should not be used for political purposes among the children born since the war, claimed the Tribune, but the sacrifice of soldiers should very much be used as lessons in morality and patriotism. "The days they [postwar children) have been born in are not heroic," declared the Tribune, "they are full of fraud, corruption, bargain, and sale. Men are not pushing to the battlefield to die for an idea; they are pushing into place." As an antidote to America's "sordid expertness in money-getting," the editors spoke for a large cross-section of the culture that now looked to the Civil War dead, as well as to living veterans, as the alternative to their unheroic age, as sources of honest passion, higher morality, something "noble and true ... kept for our children." </pre> michael perelman 2012-05-25T16:28:44 http://comments.gmane.org/gmane.science.economics.progressive-economists/79730 <pre>After letting my book languish for almost five years Palgrave let The Confiscation of American Prosperity, they are about to release a paperback edition. In addition, they are featuring me as author of the month and reprinting my new introduction, which I explain why the book was constructed as a crime story. My picture and the introduction are at the bottom. http://view.mail.macmillan.com/?j=fe5816787c6d057f7316&amp;m=feee1c737d6c02&amp;ls=fdd015717762057b7511777465&amp;l=fe5c1575746d01757512&amp;s=fe3010727564037b731171&amp;jb=ffcf14&amp;ju=fe1f1773716d027b721777&amp;r=0 </pre> michael perelman 2012-05-25T04:01:30 http://comments.gmane.org/gmane.science.economics.progressive-economists/79729 <pre>http://www.youtube.com/watch?v=WxJgr40bBHk_______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> mckenna193-YDxpq3io04c< at >public.gmane.org 2012-05-25T00:42:37 http://comments.gmane.org/gmane.science.economics.progressive-economists/79728 <pre>I don't understand the brouhaha about selling Reagan's blood. By the free-market principles he professed, his blood should be fair game. Everything should be for sale, even if it's sold to Transylvania. Jim Devine _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Jim Devine 2012-05-24T15:59:23 http://comments.gmane.org/gmane.science.economics.progressive-economists/79727 <pre>Very cool. http://hellaoccupyoakland.org/occupy-the-wall-how-pink-floyds-album-became-political-theater-in-2012/ ------------------------------snip “If at first you don’t succeed, call an airstrike.” – projected text from Roger Waters: The Wall at AT&amp;T Park, 5/11/12 Roger Waters, the stadium-rock showman and concept-album auteur who quit the band Pink Floyd nearly thirty years ago, has brought his epic, expensive production of that band’s 1979 album, The Wall, back for another round of performances. This time, however, the show has taken on a decidedly more political bent. For a generation of rock fans like myself, The Wall was a landmark album whose importance could not be overstated. Throughout the ’80s, while our hipper and less sheltered peers were digging into hip hop and metal, we suburban white guys tended to obsess over the more establishment-friendly arena rock of Pink Floyd and The Wall. We watched the movie starring Bob Geldof, we pored over its lyrics for symbolism and referentia, and our classic-rock radio stations made “Another Brick in the Wall (Part Two)” a hit. Its refrain, “We don’t need no education / We don’t need no thought control,” transformed into a mantra. It was an oft-cited and oft-misunderstood scream of anti-establishment fury and rebellion, played on the same establishment radio stations that were pumping REO Speedwagon, Foreigner and Bob Seger. For young rock listeners looking for deeper meaning, the lure of The Wall was strong. Themes recurred and morphed over the course of the four album sides, as characters appeared and returned. Like Tommy, Quadrophenia, The Rise and Fall of Ziggy Stardust and the Spiders From Mars, and other Big Concept Albums that came from the UK, The Wall had resonance and significance where other albums were just collections of songs. The Summer of Love had Sgt. Pepper, while the summers of fear, greed and disillusionment (aka the Reagan-Bush era) had The Wall. _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> raghu 2012-05-24T15:05:36 http://comments.gmane.org/gmane.science.economics.progressive-economists/79726 <pre>http://www.latimes.com/business/realestate/la-fi-negative-equity-20120524,0,985482.story _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> c b 2012-05-24T14:57:10 http://comments.gmane.org/gmane.science.economics.progressive-economists/79724 <pre>"Tragically for Palestinians, Zionism requires the state to empower and maintain a Jewish majority even at the expense of its non-Jewish citizens, and the occupation of the West Bank is only one part of it. What exists today between the Jordan River and the Mediterranean Sea is therefore essentially one state, under Israeli control, where Palestinians have varying degrees of limited rights: 1.5 million are second-class citizens, and four million more are not citizens at all. If this is not apartheid, then whatever it is, it’s certainly not democracy. " http://nyti.ms/JWhp5P </pre> Joseph Catron 2012-05-24T00:56:46 http://comments.gmane.org/gmane.science.economics.progressive-economists/79722 <pre>http://thenextrecession.wordpress.com/2012/05/23/sensible-and-popular-keynesians-the-sophistry-of-raghuram-rajan/ Rajan seeks to suggest in discussing what needs to be done to get the world economy going, it is necessary to make a distinction between “sensible” and “popular” Keynesians.  According to Rajan, sensible Keynesians must instead advocate more austerity and cuts in government until the private sector recovers of its own accord.  That’s neither sensible nor Keynesian._______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> robert mckee 2012-05-23T20:40:42 http://comments.gmane.org/gmane.science.economics.progressive-economists/79708 <pre> * Login with Facebook to see what your friends are reading * Enable Social Reading &lt;javascript:void(0);&gt; * i &lt;javascript:void(0);&gt; Charles Ferguson &lt;http://www.huffingtonpost.com/charles-ferguson&gt; Charles Ferguson &lt;http://www.huffingtonpost.com/charles-ferguson&gt; Director of the Wall Street documentary 'Inside Job'; Author of the forthcoming book, 'Predator Nation' GET UPDATES FROM Charles Ferguson Like &lt;javascript:void(0);&gt; 64 The Sellout of the Ivory Tower, and the Crash of 2008 (Excerpt) Posted: 05/22/2012 8:33 am */Re-printed from /Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America &lt;http://www.amazon.com/Predator-Nation-Corporate-Criminals-Corruption/dp/030795255X&gt;/; Copyright © 2012 by Charles Ferguson. Published by Crown Business, a division of Random House, Inc./* ____________________________ Many people who saw my documentary film about the 2008 economic crisis, /Inside Job/, found that the most surprising, and disturbing, portion of the film was its revelation of widespread conflicts of interest in universities, think tanks, and among prominent academic experts on finance, economics, business, and government regulation. Viewers who watched my interviews with eminent professors were stunned at what came out of their mouths. Over the last thirty years, in parallel with deregulation and the rising power of money in American politics, significant portions of American academia have deteriorated into "pay to play" activities. These days, if you see a famous economics professor testify in Congress, appear on television news, testify in a legal case or regulatory proceeding, give a speech, or write an opinion article in the /New York Times/ (or the /Financial Times/, the /Wall Street Journal/, or anywhere else), there is a high probability that he or she is being paid by someone with a big stake in what's being debated. Most of the time, these professors do not disclose these conflicts of interest, and most of the time their universities look the other way. Increasingly, professors are also paid to testify for defendants in fraud trials, both civil and criminal. The pay is high -- sometimes a quarter of a million dollars for an hour of congressional testimony. But for banks and other highly regulated industries, it's a trivial expense, a billion or two a year that they barely notice; and just as with politicians, it's a very good investment, with very high benefits. 2012-05-21-Screenshot20120521at8.29.30AM.png &lt;http://www.amazon.com/Predator-Nation-Corporate-Criminals-Corruption/dp/030795255X&gt; Academics on industry payrolls are now so numerous and powerful that they can often prevent universities, professional associations, and academic journals from adopting or enforcing strong conflict-of-interest policies. They also have a chilling, even dominant, effect on several areas of academic research and policy analysis. The sale of academic "expertise" for the purpose of influencing government policy, the courts, and public opinion is now a multibillion-dollar business. Academic, legal, regulatory, and policy consulting in economics, finance, and regulation is dominated by a half dozen consulting firms, several speakers' bureaus, and various industry lobbying groups that maintain large networks of academics for hire specifically for the purpose of advocating industry interests in policy and regulatory debates. These consulting firms are not like McKinsey or the Boston Consulting Group. They do not exist to help companies make better products or operate efficiently. Their principal focus is on helping companies avoid or influence legislation, public debate, regulation, prosecution, class-action lawsuits, antitrust judgments, and taxes. The largest academic regulatory consulting firms are the Berkeley Research Group, the Analysis Group, the Brattle Group, Criterion, Compass Lexecon, and Charles River Associates. All have relationships with many prominent academics. Their combined academic roster is around one thousand, and their combined revenues are certainly well over $1 billion per year. (Most are private and don't release revenue information.) In some cases, they include a majority of the prominent academics in important policy-related fields, such as antitrust policy and the economics of regulation. But how important and influential are these people and their relationships? Let's take two examples, one Republican and one Democratic: Glenn Hubbard and Larry Summers. R. Glenn Hubbard became dean of Columbia Business School in 2004, shortly after leaving the George W. Bush administration, where he was chairman of the White House Council of Economic Advisers from 2001 through 2003. Hubbard has a PhD from Harvard and has taught at Columbia since 1988. Hubbard is co-chairman of the Committee on Capital Markets Regulation, a nonprofit organization that serves as a de facto public policy lobbying organization for Wall Street. Much of Hubbard's academic work has been focused on tax policy. A fair summary is that he has never seen a tax he would like, particularly one on corporations or the wealthy. He was deeply involved in designing the Bush administration's tax cuts in 2003, which heavily favored the wealthy; half of their benefits went to the wealthiest 1 percent of the population. Hubbard also coauthored an astonishing article with William C. Dudley in November 2004. The article &lt;http://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;ved=0CE0QFjAA&amp;url=http%3A%2F%2Fwww0.gsb.columbia.edu%2Ffaculty%2Fghubbard%2FArticles%2520for%2520Web%2520Site%2FHow%2520Capital%2520Markets%2520Enhance%2520Economic%2520Performance%2520and%2520Facilit.pdf&amp;ei=eVS6T8qlKJCRgQeh8fWBCQ&amp;usg=AFQjCNHHlS2phVo_bTp99Rt5RMK3KDyalg&amp;sig2=9664MkI8aTChJWU_jWn0-Q&gt;, entitled "How Capital Markets Enhance Economic Performance and Facilitate Job Creation," was published by the Goldman Sachs Global Markets Institute. Dudley, his coauthor, was the chief economist at Goldman Sachs at the time. In 2009, when Tim Geithner became Obama's treasury secretary, Dudley succeeded Geithner as president of the Federal Reserve Bank of New York; he's still there. This should not reassure you. But neither should the fact that Glenn Hubbard remains dean of Columbia Business School. Their article would be kind of funny, if it weren't deadly serious. Remember, this is November 2004, with the bubble well under way. * "The ascendancy of the US capital markets . . . has improved the allocation of capital and risk throughout the US economy. . . . [The benefits include] enhanced stability of the US banking system . . .more jobs and higher wages . . . less frequent and milder [recessions] . . . a revolution in housing finance." * "The capital markets have helped make the housing market less volatile. . . . 'Credit crunches' of the sort that periodically shut off the supply of funds to home buyers, and crushed the homebuilding industry . . . are a thing of the past." * "The revolution in housing finance has also led to another radical transformation that has been important in making the economy less cyclical." * "We believe that the economic performance of the United States over the past decade provides strong evidence of the benefits of well-developed capital markets." Hubbard refused to say whether he was paid to write the article. He also refused to provide me with his 2001 federal financial disclosure form (from when he entered the George W. Bush administration), which we could not obtain otherwise, because the White House had already destroyed it. Hubbard also refused to identify most of his private consulting clients. He is currently on the boards of MetLife, ADP, Inc., KKR Financial Corporation, and BlackRock Closed End Funds. In 2010, the first three paid him $707,000 in cash and stock. Consulting/advisory relationships listed on Hubbard's CV include Nomura Holdings, Bank of America, Capital Research, Citigroup, Fidelity, Franklin Resources, JPMorgan Chase, Visa, Laurus Funds, Chart Venture Partners, and Ripplewood Holdings. Until January 2009, he was also on the board of Capmark, a major player in commercial real estate during the bubble that went bankrupt after the crisis. Hubbard was paid $100,000 to testify for the criminal defense of two Bear Stearns hedge fund managers prosecuted in connection with the bubble, who were acquitted. That assignment came through the Analysis Group, one of the large economic consulting firms mentioned earlier. Hubbard's Columbia web page lists the Analysis Group as a consulting client but does not list the ultimate, real clients for whom he worked via this relationship. Nor does his Columbia web page list his paid speaking engagements. However, satisfied clients giving public testimonials to Hubbard's speaking abilities include the Alternative Investment Group, BNP Paribas, the Massachusetts Bankers' Association, and Barclays Bank. In 2011, Hubbard became a senior economic advisor to Mitt Romney's presidential campaign. Larry Summers, who is undeniably brilliant, became a full professor at Harvard at a very young age and by now has held almost every important government position in economics. After being chief economist of the World Bank, he became, successively, undersecretary of the treasury for international affairs, deputy treasury secretary, and finally treasury secretary in the Clinton administration. He then became president of Harvard, his candidacy championed by Robert Rubin, until Summers was forced out in 2006. In 2009 he became director of the National Economic Council in the Obama administration; he returned to Harvard in 2011 as a professor at the John F. Kennedy School of Government. At the World Bank, Summers authorized a memo suggesting that wealthy nations should export pollution to the poor; when president of Harvard, he suggested that women might be innately inferior to men in scientific reasoning. Then there were his policy choices: remaining entirely silent about the abuses within investment banking that furthered the Internet bubble; working with Robert Rubin and Alan Greenspan to repeal the Glass-Steagall Act and then to ban regulation of all privately traded derivatives. When Summers became president of Harvard, he also started consulting to, and making speeches for, financial services firms. Because Harvard, along with most other major universities, does not require its faculty (or its presidents) to disclose outside income, we do not know how much Summers made. Even now, his Harvard Web page lists none of his consulting clients or speaking engagements. Most of our information about his outside activities at Harvard comes from his mandatory federal disclosure form. (Like Summers himself, Harvard's president and provost declined to be interviewed for my film and also declined to respond to written questions.) Shortly after he was forced to resign as president and returned to being a professor, Summers agreed to work one day a week at D. E. Shaw, a large hedge fund, which paid him over $5 million in the year before Summers entered the Obama administration in 2009. Summers's 2009 federal disclosure form stated his net worth to be $17 million to $39 million. His total earnings in the year prior to joining the administration were $7,813,000. He made $1,729,000 from thirty-one speaking engagements, nearly all for financial services companies; Goldman Sachs paid him $135,000 for one speech. He was also paid $45,000 by Merrill Lynch for a speech on November 12, 2008 -- after Merrill had completely collapsed financially, and one week after Obama's election. After questions were raised, Summers donated the Merrill Lynch fee to charity. In the Obama administration, Summers opposed strong measures to sanction bankers or curtail their income. He has never apologized for any of the decisions or statements he made between 1995 and 2006. And as of early 2012, the web page on his speaking agent's website included testimonials about Summers from seven clients. All but one (Regent University) were financial; they included the Texas Pacific Group, the Chinese Finance Association, Charles River Ventures, and /Institutional Investor/ magazine. _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Patrick Bond 2012-05-22T20:05:02 http://comments.gmane.org/gmane.science.economics.progressive-economists/79707 <pre>A review of a documentary about a guy suffering from depression, bipolar, OC, and Asperger's. He is also one of the directors. http://louisproyect.wordpress.com/2012/05/22/oc87/ _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Louis Proyect 2012-05-22T19:29:55 http://comments.gmane.org/gmane.science.economics.progressive-economists/79706 <pre>http://whynationsfail.com/blog/2012/5/21/our-penal-system.html Very impressive indeed for a mere blog entry. LR _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Lakshmi Rhone 2012-05-22T19:19:26 http://comments.gmane.org/gmane.science.economics.progressive-economists/79705 <pre>[to what extent is the private space industry simply resting in a subsidized way on the shoulders of the NASA giant? how much credit will these space "entrepreneurs" give to NASA?] from SLATE: The private company became the first in history to send a vessel to the International Space Station. By Rachael Levy | Posted Tuesday, May 22, 2012, at 10:31 AM ET We have (privately-funded) lift-off! California-based SpaceX made history early Tuesday morning when its Falcon 9 rocket blasted off from Cape Canaveral, carrying an unmanned vessel named Dragon into orbit and marking a new commercial era for space exploration in the process. [If further tests are successful,] The unmanned commercial supply capsule will deliver its 1,000 pounds of cargo to the International Space Station later this week. It is the first time that a private company has sent a vessel to the station, a mission previously reserved for only nations with major space programs, the Associated Press explains. "Falcon flew perfectly!!" billionaire SpaceX CEO and PayPal co-creator Elon Musk tweeted from his firm's home in California. "Dragon in orbit... Feels like a giant weight just came off my back." [is he an objective observer on the issue of Falcon's perfection?] The launch comes three days after a faulty engine valve forced the company to abort the launch at the (literal) last second. But all seemed on track for the mission in the hours that followed Tuesday's pre-dawn launch. The vessel is expected to be within range of the ISS by Thursday, when it will begin performing practice docking maneuvers about a mile out from the station in preparation for a planned Friday arrival. Now that U.S. space shuttles are no longer flying—NASA retired Discovery, the last of its ISS shuttle fleet in April—NASA is banking on the switch from government to firm-backed carriers to compete with the likes of Russia and Japan and prevent further outsourcing. The AP reports that U.S. companies are vying to fill those spots, and that American astronauts could carry out commercial rides to the station in three to five years' time.&lt;&lt; </pre> Jim Devine 2012-05-22T17:59:51 http://comments.gmane.org/gmane.science.economics.progressive-economists/79697 <pre>Sorry for crossposting: I am doing some research on higher education in the United States and I am curious if there is a national database of some kind which would show or keep track of the number and percentage of adjunct faculty or other contingent faculty working at particular institutions? Good aggregate data is useful too, but I'm trying to compare a handful of places. Thanks very much and have a great day. Best, Sean Andrews _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Sean Andrews 2012-05-22T14:49:07 http://comments.gmane.org/gmane.science.economics.progressive-economists/79692 <pre>   An interesting link at Black Agenda Report: http://www.youtube.com/watch?v=LK6D3HIFne8&amp;feature=player_embedded Blog:  http://kenthink7.blogspot.com/index.html Blog:  http://kencan7.blogspot.com/index.html  _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> ken hanly 2012-05-22T03:49:02 http://comments.gmane.org/gmane.science.economics.progressive-economists/79691 <pre>Morris' explanation does seem to elide the direct gains from what Pomeranz called a new kind of colonialism. _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Lakshmi Rhone 2012-05-22T03:30:48 http://comments.gmane.org/gmane.science.economics.progressive-economists/79690 <pre>trade mattered in an indirect way--it did not remove resource constraints on economic growth, a la Pomeranz, and create massive profit opportunities on the basis of seized land and slave labor, a la Bagchi and Inikori, but thew open new questions, say, in regards to navigation that spurred the Scientific Revolution which in turn underpinned the Industrial Revolution. The vibrant Atlantic economy also pushed wages up and made industrialization economical. Robert C. Allen doubts that Scientific Revolution was crucially important to industrialization but does agree that relative factor prices was the driving force. Morris' explanation does not seem to elide the direct gains from what Pomeranz called a new kind of colonialism. _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Lakshmi Rhone 2012-05-22T03:29:25 http://comments.gmane.org/gmane.science.economics.progressive-economists/79689 <pre>So Ian Morris agrees with Inikori, Bagchi and Pomeranz that the gains from colonialism were crucial in the West coming to rule? _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Lakshmi Rhone 2012-05-22T03:19:53 http://comments.gmane.org/gmane.science.economics.progressive-economists/79687 <pre>that is the gains that the colonizing societies enjoyed from colonialism, is not a closed question. _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Lakshmi Rhone 2012-05-22T02:28:19 http://comments.gmane.org/gmane.science.economics.progressive-economists/79686 <pre>The question is not only the damage that colonialism does to the colonized societies but also the gains that colonial societies enjoyed as a whole from colonialism. This may be a closed question in the West, as your post seems to suggest; but it is not a closed question for Bagchi and Inikori. LR _______________________________________________ pen-l mailing list pen-l-FPEHb7Xf0XWG9Rqvk1bdOTe48wsgrGvP&lt; at &gt;public.gmane.org https://lists.csuchico.edu/mailman/listinfo/pen-l </pre> Lakshmi Rhone 2012-05-22T02:26:48 Search the mailing list at Gmane query http://search.gmane.org/?group=$group=gmane.science.economics.progressive-economists