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August 02 2011
December 28 2010
December 18 2010
November 28 2010
October 26 2010
Amber Waves of Pain - BusinessWeek
wow. What an ugly mess that seems to have so very little to do with creating value.October 23 2010
October 05 2010
July 05 2010
April 19 2010
November 01 2009
Mystery: Why did Goldman stop scrutinizing loans it bought? | McClatchy
amazing. I can imagine working as a temp and watching these loan applications get pushed through despite my best busy-work efforts. *sigh*October 02 2009
September 23 2009
May 05 2009
April 04 2009
April 03 2009
"Marx was Right!" - Boing Boing
The idea of economic value is too multi-valent and arises in too many differing situations(IMO) to be amenable to a "one-size-fits-all" theory (similar to attempted 'general' definitions of property: in the final analysis, "property" is what others allow as one to treat as "property"). Functional definitions may come closest to capturing all the particular examples of either 'value' or 'property': but IMHO any general definition of these words will miss some instances. In addition, I am not convinced that such general definitions are of any analytical or synthetical use. How would a general definition of "value" or "property" help in understanding the economy? From what I see, such exercises serve to "bake-in" assumptions: which defeats the very end of the inquiry, at the outset. A political debating trick.
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