Re: skeptical about economics

From: Christopher Whipple (crw@well.com)
Date: Tue Feb 11 2003 - 22:19:13 MST

  • Next message: spike66: "skyhooks again"

    This is really a coincidence, Terry - I just started reading that book
    this past weekend. I got up to Chapter 4 before I got side-tracked
    reading Down and Out in the Magic Kingdom (free, online, and chock full
    of >h memes).

    The first couple chapters gave me a good grasp of how the world
    financial institutions were established and what their main purposes
    are. It seems like a lot of the world is still living in post-WWII
    terms instead of new-millennium terms, and I wonder what the shake-up
    will be that will shift their thinking. The current situation in Iraq
    is certainly having an interesting political effect, but how it's
    affecting organizations like the IMF, World Bank and WTO is less
    obvious to the casual observer.

    It's worth pointing out that Stiglitz comes from the World Bank and
    presents a pretty polarized view of "World Bank (generally) good, IMF
    bad". He details why, of course, but I'm left wondering if there's
    another side to the story that's not being presented. I will continue
    to read through the book and will blog my thoughts on it when I finish.

    This book is also a nice complement to De Soto's book The Mystery of
    Capital - which is the last book I read. I should take the opportunity
    to thank the group for being my unknowing, surrogate professors and
    reading-material advisors in my own personal studies. All the
    political banter gets overwhelming, but the list still has value to me.
      :)

    Cheers!

    -chris
    http://crw.lucifer.com

    PS - ooooh! and I can't wait to meet the handful of you who will be at
    the NYTA symposium and the larger group of you that will be attending
    Transvision this summer!

    Begin forwarded message:

    > From: "Terry W. Colvin" <fortean1@mindspring.com>
    > Date: Tue Feb 11, 2003 12:37:02 PM America/New_York
    > To: Forteana /Alternate Orphan/ <forteana@yahoogroups.com>,
    > "extropians@extropy.org" <extropians@extropy.org>
    > Subject: FWD (SK) skeptical about economics
    > Reply-To: extropians@extropy.org
    >
    > Monday, February 10, 2003
    >
    > - Stiglitz blows the gaff - Mick Brooks reviews Joseph Stiglitz's
    > book 'Globalization and its discontents'
    > < http://www.marxist.com/Economy/stiglitz_review.html >
    >
    > Maverick Nobel prize-winning economist Stiglitz lifts the lid on his
    > years
    > as Chief Economist to the World Bank and what really goes on behind the
    > scenes. Though he's certainly no Marxist, his insights confirm the
    > correctness of the Marxist outlook on the world economy and its ruling
    > institutions. (February 10, 2003)
    >
    >
    > --
    > Terry W. Colvin, Sierra Vista, Arizona (USA) < fortean1@mindspring.com
    > >
    > Alternate: < fortean1@msn.com >
    > Home Page: < http://www.geocities.com/Area51/Stargate/8958/index.html >
    > Sites: * Fortean Times * Mystic's Haven * TLCB *
    > U.S. Message Text Formatting (USMTF) Program
    > ------------
    > Member: Thailand-Laos-Cambodia Brotherhood (TLCB) Mailing List
    > TLCB Web Site: < http://www.tlc-brotherhood.org >[Vietnam veterans,
    > Allies, CIA/NSA, and "steenkeen" contractors are welcome.]
    >



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