Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch

To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch
From: "Max Sawicky" <sawicky@xxxxxxxxxxx>
Date: Thu, 30 Oct 2008 16:39:41 -0400
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I'll take a swing at it, after stipulating that I am down with the shorter work week agenda. At least, I think I am.

We might want to ratchet down the level of hours per working age person, but ongoing growth in productivity (where output includes non-market amenities and accounts properly for environmental costs) is hard to reject. It takes affirmative action to rebuild coastal wetlands, restore natural habitats, create alternative energy sources, save endangered species, help the developing world, explore the universe, and other good stuff. Growth is not necessarily individualist consumerism.

Regarding work time, lengthier periods of education prior to work and retirement after are in some sense a substitute for shorter hours, in terms of well-being.

Finally, the problem of the poor and the working class to a great extent is not too much consumerism.

On Thu, Oct 30, 2008 at 4:01 PM, raghu <mraghu01@xxxxxxxxx> wrote:

On Thu, Oct 30, 2008 at 11:14 AM, Eugene Coyle <eugenecoyle@xxxxxxx> wrote:
> Robert Frank, from Cornell, wrote a popular book that sold well, Luxury
> Fever. In it he deplored rampant consumerism and also attacked the exisitng
> income distribution. He ended lamely by suggesting higher taxes on the rich
> as a remedy for both, but remarked that such wouldn't pass Congress. He
> didn't touch growth or worktime as the solution.
> Economists won't touch the growth subject. Why won't PEN-L?

Exactly, why won't PEN-L? From last week's thread on Volcker's
"standards of living have to decline", I get the impression that there
is little sympathy on PEN-L for the no growth idea.
-raghu.

--
Confucius say, dirty book rarely dusty.
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Follow-Ups:
- Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch
  - From: Eugene Coyle
- Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch
  - From: raghu
- RE: [Pen-l] The fundamental crisis response. was Ecological credit crunch
  - From: Peter Hollings

References:
- [Pen-l] Ecological credit crunch
  - From: Louis Proyect
- [Pen-l] The fundamental crisis response. was Ecological credit crunch
  - From: Eugene Coyle
- Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch
  - From: raghu

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Thread context:
- [Pen-l] great title!, Jim Devine Wed 29 Oct 2008, 12:53 GMT
- [Pen-l] Ecological credit crunch, Louis Proyect Wed 29 Oct 2008, 12:44 GMT
  - [Pen-l] The fundamental crisis response. was Ecological credit crunch, Eugene Coyle Thu 30 Oct 2008, 17:52 GMT
    - Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch, raghu Thu 30 Oct 2008, 19:39 GMT
      
      Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch, Max Sawicky Thu 30 Oct 2008, 20:17 GMT
      
      RE: [Pen-l] The fundamental crisis response. was Ecological credit crunch, Peter Hollings Thu 30 Oct 2008, 20:44 GMT
      
      Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch, raghu Fri 31 Oct 2008, 00:52 GMT
      
      Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch, Jim Devine Fri 31 Oct 2008, 01:39 GMT
      
      Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch, raghu Fri 31 Oct 2008, 02:32 GMT

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