Re: Re: neomercantilism, trade

[Michael Pugliese <debsian@xxxxxxxxxxx>]

   A law journal article? How boring! Try this book of Duncan Kennedy.
Michael Pugliese

Harvard University Press/Sexy Dressing Etc.
... Duncan Kennedy argues that an American radicalism is both ...
culture--whence his emphasis
on phenomena like sexy dressing. Kennedy's aim is to wed the ...
www.hup.harvard.edu/catalog/KENSEX.html
-----Original Message-----
From: Ian Murray <seamus2001@xxxxxxxx>
To: pen-l@xxxxxxxxxxxxxxxxxxx <pen-l@xxxxxxxxxxxxxxxxxxx>
Date: Thursday, August 30, 2001 4:07 PM
>Subject: [PEN-L:16520] Re: neomercantilism, trade


>
>> ((((((((((
>>
>> CB: Nirvana's a fallacy ? Our aim is for the state to whither away
>after the abolition of private property is accomplished .
>=========
>The 'nirvana fallacy' is the notion that one can have a transaction
>cost-less world and a risk free world. Shifting property rights
>structures away from capitalist institutions would not eliminate
>either of the above. Shifting power away from those who use their
>power to shift risk and costs onto others is an ongoing dynamical
>problem and renders those concepts and the meaning[s] of efficiency
>polysemic, bigtime...See Duncan Kennedy & Frank Michelman, "Are
>Property and Contract Efficient?" 8 Hofstra L. Rev. 711 (1980) for
>starters.
>
>Ian
>