[Marxism] Forwarded from Jim Craven (Yale economics professor)

[Louis Proyect <lnp3@xxxxxxxxx>]

(Sounds to me like he was putting bourgeois economics into practice.)

Response Jim C: The old aphorism is with respect to the media is that the
only sacred cow of the media is the media itself. It is the same with
bourgeois economics/economists: All human beings, "by nature", are
summarily assumed--apriori--to be Homo Oeconomicus incarnate: maximizers
(or at least satisficers) of total profit, utility, income, pleasure and
minimizers of risk, costs, pain, plus competitive, egoistic, selfish and
self-absorbed, atomistic, acquisitive, calculating, rational (perfectly or
bounded), perfectly or sufficiently informed about all prices and
conditions necessary to make "optimal" decisions etc etc.

Of course this doesn';t apply to the bourgeois economists and academics.
None of THEM are whores, parasites, con-men, mathurbators, sell-outs,
ideologists, theory pimps, climbers, networkers, schmoozers,
signers/initiators of Faustian Bargains, Comissars of Orthodoxy,
grant/promotion hounds, dilettantes, etc--Homo Oeconomicus incarnate in
theory and practice.

I remember a conference dealing with History of Economic Thought in
Vancouver BC and when the topic got to "The Spread of Economic Ideas" when
all these "mainstream academics" got all hot and hostile the way the media
gets when its own theories and reporting are turned against it to examine
the media itself as they were asked about their own selves and if they
reflect Homo Oeconomicus in their own academic work and settings.

Jim C.



CNN.com
Yale economist resigns over financial misconduct
Tuesday, January 11, 2005 Posted: 9:43 AM EST (1443 GMT)

STAMFORD, Connecticut (AP) -- A renowned economist who headed an academic
think tank at Yale University is resigning because of financial misconduct,
a school spokesman said Monday.

Florencio Lopez-de-Silanes, a tenured finance and economics professor,
issued a statement acknowledging "an error," but neither he nor Yale
provided details.

The Wall Street Journal, citing anonymous sources familiar with the matter,
reported Monday that Lopez-de-Silanes allegedly double-billed Yale for
about $150,000 in travel expenses since 2001.

The World Bank, for whom he worked as a consultant, is conducting a
separate inquiry into contracts awarded to the 38-year-old
Lopez-de-Silanes, said Damian Milverton, a spokesman for the financial
institution.

Lopez-de-Silanes, who was born in Mexico, had run Yale's International
Institute for Corporate Governance since it was created within the business
school in July 2001.

"I made a mistake and I deeply regret any unintended harm," he said. "I
have taken appropriate corrective steps with all affected parties and I can
offer no excuse except the intensity of my focus on my work."

Yale spokesman Tom Conroy said Lopez-de-Silanes will resign June 30. He
would not say anything beyond that the resignation was "a result of
financial misconduct and irregularities."

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James M. Craven
Blackfoot Name: Omahkohkiaayo-i'poyi
Professor/Consultant,Economics;Business Division Chair
Clark College, 1800 E. McLoughlin Blvd.
Vancouver, WA. USA 98663
Tel: (360) 992-2283; Fax: (360) 992-2863
"The people who cast the votes decide nothing.
The people who count the votes decide everything."
Josef Stalin
<http://www.aradicalblackfoot.blogspot.com/>http://www.aradicalblackfoot.blogspot.com

Employer has no association with private/protected opinion
FREE LEONARD PELTIER!!




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