tag:blogger.com,1999:blog-5908830827135060852.post5076391103970387196..comments2024-03-29T02:54:56.523-04:00Comments on Bond Economics: Capitalism - By Anwar ShaikhBrian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5908830827135060852.post-60703323726918007152016-12-05T07:22:07.148-05:002016-12-05T07:22:07.148-05:00Nice! THanks for the review!Nice! THanks for the review!jacqueline moraeshttps://www.blogger.com/profile/04573829189312487180noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-44444652338654300422016-10-07T06:42:29.869-04:002016-10-07T06:42:29.869-04:00Oops - that reminds me that I did not do the actua...Oops - that reminds me that I did not do the actual review...<br /><br />I finished the book some time just before I went on vacation, and I then lost track of it. I might have to do it in sections, as it covers some much material that I cannot easily make generalisations about the book.<br /><br />The interest rate section was one where I had the most doubts, to be honest. Parts of it were too bank-focussed, and so would be less applicable to a system whre there is a lot of shadow banking.<br /><br />I am suppoosed to be finishing my (much shorter!) next book, but I will see what I can address. Thanks for the heads up.Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-21231838900201433252016-10-07T06:16:00.010-04:002016-10-07T06:16:00.010-04:00Brian,
I hope you continue your review on Capital...Brian,<br /><br />I hope you continue your review on Capitalism. I'm particularly interested in your opinion on Chapter 10 (Interest rates, bond & stock markets)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-50242845649985458462016-04-21T14:10:05.562-04:002016-04-21T14:10:05.562-04:00Oops, thanks!Oops, thanks!Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-87392790163346054762016-04-21T12:18:01.564-04:002016-04-21T12:18:01.564-04:00Great review. BUt it's 2016 Brian! Time to upd...Great review. BUt it's 2016 Brian! Time to update your copywriting!TheIllusionisthttps://www.blogger.com/profile/17642837989235595346noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-26441363222349814822016-04-20T13:06:06.066-04:002016-04-20T13:06:06.066-04:00Well, they are theoretically private firms. But ye...Well, they are theoretically private firms. But yes, the Chinese government/Communist Party is a major driver of this behaviour. That said, we have seen similar patterns in other exporters, such as South Korea and Japan, during their "dash for growth" years. It is unclear whether this was a "private" or "government" preference. Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-70985306042518563782016-04-20T11:09:39.135-04:002016-04-20T11:09:39.135-04:00"The strategy only makes sense in the context...<i>"The strategy only makes sense in the context of a single-minded pursuit of market share, without the question of profitability ever being raised. Most North American firms (outside of technology bubble firms) do not operate in this fashion."</i><br /><br />I think this does not make sense if you ignore the state as one of the main economic actors, and that power and power structures have a role on market behaviour. Capitalism without the state is an impossibility, capitalism as we know it would have never happened without state intervention and would cease to exist with it in a short time frame, to be replaced with other political-economic system (be it something like feudalism or something else, I don't know).<br /><br />Simple models choose a set of axioms that are not based on reality, but rather pre-conceptions, before-the-fact, of authors, is normal they are going to fail spectacularly. A case of drinking too much kool-aid and believing your own bullshit IMO (is the same with the so called 'microfundations').Ignaciohttps://www.blogger.com/profile/16082008115484199316noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-70739428785285875582016-04-20T10:34:19.846-04:002016-04-20T10:34:19.846-04:00Thanks for this very useful review.
Your posts a...Thanks for this very useful review. <br /><br />Your posts always make for inspiring reading, as, to my taste, they tend to combine a clear profile of what you stand for with a pleasantly relaxed open-mindedness. <br /><br />Intending to start reading Shaikh's magisterial tome soon, I am looking forward to your further comments on his magnum opus, which will be in good company as I am going to be reading Marc Lavoie's "Post-Keynesian Economics. New Foundations" in parallel to Shaikh, whose hard-back edition—hurrah!—I expect to arrive any day now. <br /><br />Incidentally, the first 70 pages ( = first chapter) of Lavois's synopsis are superb, boding well for the remainder.<br /><br />Georg Thomas, Kaiserslautern, GermanyAnonymousnoreply@blogger.com