>From: "Forstater, Mathew" <ForstaterM at umkc.edu>
>Reply-To: lbo-talk at lists.panix.com
>To: lbo-talk at lists.panix.com
>Subject: RE: small not beautiful
>Date: Thu, 28 Sep 2000 09:40:10 -0500
>
>Ms./Mr. Carowan,
>
>First, I did not "rant against the new economy." If you are refering to
>the
>piece of Wray's interview I fwded to the list, I simply thought some on the
>list
>might be interested in another statement by an economist that the "new
>economy"
>view may be misguided, and that the "new economy" may not guarantee a soft
>landing.
Mr Forstater, Isn't it not perfectly clear that the more revolutionary the new economy is, the greater the adjustment problems will eventually be? Why would there be a soft landing if the new technologies were not radical? I do not follow your reasoning at all.
>
>In terms of my response to Doug's "Small is not Beautiful" I was simply
>pointing
>out that the origins of that term did not regard merely a preference for
>small
>capitalist firms over large ones.
OK
>That being said, the problems of centralization in the
>Kropotkin/Schumacher/Bookchin view are not addressed by the
>"decentralisation of
>information" you claim accompanies the development of "the new technology."
Why not?
>
>If you have points to make, why don't you just make them, instead of
>misrepresenting what others say so you can make your posts appear to be
>relevant
>responses to list discussion?
Fair enough. JC
>
>-----Original Message-----
>From: jan carowan [mailto:jancarowan at hotmail.com]
>Sent: Thursday, September 28, 2000 3:14 AM
>To: lbo-talk at lists.panix.com
>Subject: RE: small not beautiful
>
>
>Mr Forstater,
>
>Why rant against the new economy if your ideal is Kropotkin's
>decentralisation? Is it not the new technology that is now effecting the
>greatest decentralisation of information in human history? Only now could
>have a "radical" such as Mr Henwood reached such a mass audience. Hasn't
>his
>fame here even earned him free advertising spots on television to raise
>questions about how newly new the new economy is? And who is a idealistic
>Russian price compared to a technology that brings us information at
>enormous speed and almost infinite scale?
>
>By the way, I note that Mr Wray, Mr Henwood and you seem not interested in
>the question of whether the productivity measures or consumer price index
>is
>biased against the high technology revolution.
>
>Do leftist business observers feel more comfortable with dismal scientists?
>
>Today's Wall Street Journal (which I suppose leftist business observers
>read) reports on the well known revolutionary impact of programmable
>machine
>tools, while also noting that the consumer price index does not take
>account
>of machines whose duty and durability have been extended and thus require
>fewer repairs and less service Indeed fewer visits to the service station
>means less GDP to those who take these measures seriously.
>
>To the outside observer, it is a great paradox indeed that leftist business
>observers pooh-pooh the revolutionary impact of the radical new innovations
>of the third industrial revolution while exploring every new possibility
>they open up for self promotion.
>
>What exactly is the source of this animus against technology that makes you
>all rant so and call up the memories of simple minded political utopians of
>the past?
>
>JC
>
>
> >From: "Forstater, Mathew" <ForstaterM at umkc.edu>
> >Reply-To: lbo-talk at lists.panix.com
> >To: lbo-talk at lists.panix.com
> >Subject: RE: small not beautiful
> >Date: Wed, 27 Sep 2000 23:23:43 -0500
>
> >I guess the 'small is beautiful' part is not meant as a comment on
> >Schumacher,
> >but just reflects the journalistic preference for catchy phrases? Mat
> >From: Doug Henwood [mailto:dhenwood at panix.com]
> >SMALL IS NOT BEAUTIFUL
>
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