I'm happy...

Rosser Jr, John Barkley rosserjb at jmu.edu
Fri Feb 5 11:21:34 PST 1999


John K.,

Brad is not on pkt (Post Keynesian Thought) to the best of my knowledge, unless he is a lurker, which I doubt. You can get on it by sending a message to listproc at csf.colorado.edu and say "subscribe pkt your address". If that does not work, contact the list manager, Ric Holt, at rholt at sou.edu and he will gladly help you out. It is a pretty lively list, although Dough has gotten annoyed with it and dropped off recently in a snit fit.

BTW, csf stands for "collective for a sustainable future" and it also hosts ecol-econ and a bunch of progressive sociology and peace lists. Pen-l is not on it, but has some kind of affiliation, I think. Barkley Rosser On Thu, 4 Feb 1999 23:55:28 -0500 John Kavanaugh <jk at interport.net> wrote:


> Brad,
>
> I've seen several references on the LBO List to a Keynesian list and thought that you might be able to give me some information about it. Thanks.
>
> John
>
> -----Original Message-----
> From: Brad De Long [SMTP:delong at econ.Berkeley.EDU]
> Sent: Tuesday, February 02, 1999 3:25 PM
> To: lbo-talk at lists.panix.com
> Subject: Re: I'm happy...
>
> I'm happy...
>
> My _State of Working America 1998-1999_ came in the mail...
>
>
> Median family income for families where the householder is under 25 falls
> from $28,220 (1997 prices) in 1979 to $20,820 (1997 prices) in 1997?
>
> F***!
>
>
> Hispanic median family incomes fall from 69% of white levels in 1979 to 60%
> of white levels in 1997 (but Black median family incomes rise from 57% to
> 61% of white levels)...
>
> The share of total family income earned by the bottom 60% of families falls
> from 34.5% in 1979 to 29.8% in 1997...
>
> Average family income for the top 1% of families in 1996 is $326,777;
> average family income for the bottom 20% of families is $12,234...
>
> Husbands in prime-age families in the top fifth of the income distribution
> worked an average of 2,450 hours in 1996; in the bottom fifth of the income
> distribution they worked 1,633 hours in 1996...
>
> Wives in prime-age families in the top fifth of the income distribution
> worked an average of 1,595 hours in 1996; in the bottom fifth of the income
> distribution they worked 717 hours in 1996...
>
>
> Lots of good stuff. If you don't have one, get one.
>
>
> Brad DeLong
>
>
>
>
>
> -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
> "Now 'in the long run' this [way of summarizing the quantity theory of
> money] is probably true.... But this
> long run is a misleading guide to current affairs. **In the long run** we
> are all dead. Economists set themselves too easy, too useless a task if in
> tempestuous seasons they can only tell us that when the storm is long past
> the ocean is flat again."
>
> --J.M. Keynes
> -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
> J. Bradford De Long; Professor of Economics, U.C. Berkeley;
> Co-Editor, Journal of Economic Perspectives.
> Dept. of Economics, U.C. Berkeley, #3880
> Berkeley, CA 94720-3880
> (510) 643-4027; (925) 283-2709 phones
> (510) 642-6615; (925) 283-3897 faxes
> http://econ161.berkeley.edu/
> <delong at econ.berkeley.edu>
>
>

-- Rosser Jr, John Barkley rosserjb at jmu.edu



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