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EconoSpeak

The Econospeak blog, which succeeded MaxSpeak (co-founded by Barkley Rosser, a Professor of Economics at James Madison University and Max Sawicky, an economist at the Economic Policy Institute) is a multi-author blog . Self-described as “annals of the economically incorrect”, this frequently updated blog analyzes daily news from an economic perspective, but requires a strong economics background.

Disposable Time, Surplus Population, and Limitation of the Hours of Labour

On Saturday, November 13 I will be presenting, "Disposable Time, Surplus Population, and Limitation of the Hours of Labour," at the Historical Materialism conference. I will be exploring relative surplus population and the dialectic of "the superfluous and the necessary" from the perspective of three keyword-linked fragments from Marx's Grundrisse, beginning with Marx's proposition that "[t]he whole development of wealth rests on the creation of disposable time." My presentation is a...

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Disposable Time, Surplus Population, and Limitation of the Hours of Labour

On Saturday, November 13 I will be presenting, "Disposable Time, Surplus Population, and Limitation of the Hours of Labour," at the Historical Materialism conference. I will be exploring relative surplus population and the dialectic of "the superfluous and the necessary" from the perspective of three keyword-linked fragments from Marx's Grundrisse, beginning with Marx's proposition that "[t]he whole development of wealth rests on the creation of disposable time." My presentation is a...

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“Constitutional Sheriffs” and “Posse Comitatus”

 In the nid-1970s when I was finishing my PhD diss and also working for the Wisconsin Department of Natural Resources in its Water Quality Bureau, where I was mostly dealing with sewer systems issues, the Wisconsin branch of the Posse Comitatus was attacking and "arresting" individuals from my department who were trying to enforce limits on fishing of certain fish in certain lakes in Northern Wisconsin, some of these involving local Native American rights to fish some of these species in...

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“Constitutional Sheriffs” and “Posse Comitatus”

 In the nid-1970s when I was finishing my PhD diss and also working for the Wisconsin Department of Natural Resources in its Water Quality Bureau, where I was mostly dealing with sewer systems issues, the Wisconsin branch of the Posse Comitatus was attacking and "arresting" individuals from my department who were trying to enforce limits on fishing of certain fish in certain lakes in Northern Wisconsin, some of these involving local Native American rights to fish some of these species in...

Read More »

Capital itself is the moving contradiction

 The phrase quoted in the title is probably the most well-known in the Grundrisse. It has been cited in books and journal articles at least a hundred times, an order of magnitude more frequently that the alternative translation found in the collected works, "capital itself is a contradiction-in-process," It is also a centerpiece of Moishe Postone's Time, Labor and Social Domination, where Postone quotes the sentence that contains it twice, in full: Capital itself is the moving contradiction,...

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Capital itself is the moving contradiction

 The phrase quoted in the title is probably the most well-known in the Grundrisse. It has been cited in books and journal articles at least a hundred times, an order of magnitude more frequently that the alternative translation found in the collected works, "capital itself is a contradiction-in-process," It is also a centerpiece of Moishe Postone's Time, Labor and Social Domination, where Postone quotes the sentence that contains it twice, in full: Capital itself is the moving contradiction,...

Read More »

GOP Does Well As Dow Jones Average Crosses Major MIlestone Of 36,000

 I am posting before the election results of Nov. 2, 2021 are fully in, but it looks that the GOP candidates will win in Virginia, where Biden beat Trump by 10 points a year ago for the statewide races, with GOP making gains in the House of Delegates that may switch its control to them, although that remains more up in the air. Also in New Jersey, where it was presumed that the Dem incumbent would easily win, the race is too close to call and he might lose.  In short, the GOP is doing very...

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GOP Does Well As Dow Jones Average Crosses Major MIlestone Of 36,000

 I am posting before the election results of Nov. 2, 2021 are fully in, but it looks that the GOP candidates will win in Virginia, where Biden beat Trump by 10 points a year ago for the statewide races, with GOP making gains in the House of Delegates that may switch its control to them, although that remains more up in the air. Also in New Jersey, where it was presumed that the Dem incumbent would easily win, the race is too close to call and he might lose.  In short, the GOP is doing very...

Read More »

Theft of alien labour time is a miserable foundation

In the early 1980s, I was riding home from work on a bus and looked out the window at a Toyota pickup truck alongside. I was overwhelmed by the realization that I could never in my life make such an object by hand, even if I had a well-supplied metal workshop. From that perspective, how could I hope to own such an item? I did own a Volkswagen Rabbit but somehow the pickup truck made more of an impression on me at the time.I was experiencing a severe burnout from work in those days that...

Read More »

Theft of alien labour time is a miserable foundation

In the early 1980s, I was riding home from work on a bus and looked out the window at a Toyota pickup truck alongside. I was overwhelmed by the realization that I could never in my life make such an object by hand, even if I had a well-supplied metal workshop. From that perspective, how could I hope to own such an item? I did own a Volkswagen Rabbit but somehow the pickup truck made more of an impression on me at the time.I was experiencing a severe burnout from work in those days that...

Read More »