070702 Gardiner I have been able to look at the Greek text of Aristotle's Politics. My questioning of the text in connection with his comments on usury was not...
I will, Michael. Credit to whom credit is due. Interesting history. Drifted away? - geographically, or in some other sense? Reading his book I should he say he...
I do not regard what you say as disagreement at all; it is just a slightly different way of stating the principles. And it is exactly what Innes was trying to...
You can find the genesis of Ha-Joon¹s ideas in the work we did in Norway, at Other Canon finance on the web www.othercanon.org <http://www.othercanon.org By...
Michael, Is not your concept of value itself a value judgement which we practical types regard as unworkable, so we say value and price are almost the same?...
Michael, Thanks. I have been trying to get hold of Reinert's book because the Journal of Development Studies wants to publish a review of it; but the publisher...
Sorry to be simple-minded - but is not rent anything received solely because of ownership - not because of production or exertion? Dirk ... -- Dirk J Bezemer,...
... So in summary, I must disagree with Innes and Geoffrey. While credit may be used as Money, it is not per se Money, ... comment: totally agree - e.g. trade...
Agreed, Gunnar. Geoffrey ... From: GUNNAR TOMASSON To: gang8@yahoogroups.com Sent: Sunday, June 24, 2007 9:30 PM Subject: The Laws of Value - [Was: RE: [gang8]...
Michael, I would too argue that value cannot be divorced from how much credit can be obtained to finance a purchase. Price and value are the same thing, and...
Dear Geoffrey, I can¹t describe rent better than what I¹ve said before. Ricardo¹s Chapter 2 explains it well, as does John Stuart Mill. What you describe as...
Historically, the PURPOSE of monetary means of valuation was to denominate debt. So debt led to a creditor¹s claim. Randy traces this back to wergild. I trace...
What do you think of this analysis? Michael Another Great Depression? The Fed's Role in the Bear Stearns Hedge Funds Meltdown by Mike Whitney Global Research,...
Dirk, In my view this is an totally unwarranted value judgement. If I build a house and rent it out, I have exerted masses of effort. Capital deserves a rent. ...
Michael, Rent is paid out of gross profit. Let's use accountancy terminology, not Georgist mantras. Geoffrey ... From: Michael Hudson To: GANG8 Sent: Monday,...
Michael. Re. the following: The problem originated at the Federal Reserve when Fed-chief Alan Greenspan lowered the Feds Fund Rate to 1% in June 2003 and kept...
Yes, Gunnar. This was the point I tried to make to Chris, was it not? This is what makes paper different from gold — the removal of a constraint. Are we all...
Dear Geoffrey, I would say that you¹re wrong again if you think Georgists have any idea at all of what rent is. Can you tell me any Georgist that has...
Je suis d’accord! Gunnar _____ From: gang8@yahoogroups.com [mailto:gang8@yahoogroups.com] On Behalf Of Michael Hudson Sent: 2. júlí 2007 18:54 To: GANG8 ...
Michael. Re. the following. Alfred Marshall […] would have said that innovators get quasi-rent, such as the inventor of the printing press got for selling...
Geoffrey, you¹re really arguing at cross purposes. Please read Marshall or Ricardo. Of course capital deserves a return. Rent is NOT a return to capital. This...
Michael, Any and all claims to shares in Final Sales Proceeds are created equal – although some may be more equal than others. As in the case of claims which...
Gunnar, Yes, the origins of our present discontents do not lie in actions of the last few years, although those more recent actions, based as they have been on...
I think Michael is largely right, but monetary vauation was also used to facilitate trade, even at a domestic level. Some interesting lawsuits from pre-coinage...
Gang, I am circulating a draft paper I co-wrote in the hope of useful feedback. Attached. Not strictly creditary, but very much with emphasis on the importance...
Dirk, You will see quite a lot that is relevant to your theme in "America's Suicidal Statecraft". Pages 121 ro 136 deal with a number of issues and there is a...
There is much in the piece below that accords with what I have said in much more detail in "America's Suicidal Statecraft: The self-destruction of a...
This is a story the essence of which I have been telling for a long, long time. Much of the detail - and a great deal more on associated topics - appears in...
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