tag:blogger.com,1999:blog-8732662769765511163.post4268547780824335573..comments2023-07-31T11:06:29.485+02:00Comments on Transition: Global Policy Forum, Yaroslavl 8-10 SeptemberD. Mario Nutihttp://www.blogger.com/profile/17319653816487296802noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8732662769765511163.post-30220040828317381972011-12-27T11:29:29.058+01:002011-12-27T11:29:29.058+01:00Many thanks for making the truthful effort to expl...Many thanks for making the truthful effort to explain this. I feel very strong about it and would like to read more. If you can, as you find out more in depth knowledge, would you mind posting more posts similar to this one with more information.Hosting forumhttp://www.hosting-forum.in/noreply@blogger.comtag:blogger.com,1999:blog-8732662769765511163.post-19516853572406432902010-09-29T02:01:32.332+02:002010-09-29T02:01:32.332+02:00Hi Mario
Was traveling and just saw your comment. ...Hi Mario<br />Was traveling and just saw your comment. Pl check out:<br />http://www.stanford.edu/dept/HPS/TimLenoir/SiliconValley99/Harayama/SVResearch.pdf<br /><br />Also, similar stuff on Berkeley (which, moreover is a public university; also Saxenian's book on "Regional development..." has bits and pieces related to it, as does the Bresnahan/Gambardella book. There are other papers on federal funding of applied research in the valley, participation in even some venture financing, not to mention the critical role in the development of the internet, the pillar of the valley in its present avatar. The real integrated story is yet to be told!<br />AshokAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8732662769765511163.post-73428449583258247402010-09-14T17:34:34.401+02:002010-09-14T17:34:34.401+02:00Ashok, I am not surprised that the state had an im...Ashok, I am not surprised that the state had an important role in IT industry development and the rise of Silicon Valley. I was convinced that it did but felt I could not document it properly: obviously you can and I should be grateful for some references.<br /><br />Alberto, I did notice the overlapping of the Krynica and Yaroslavl Forums/Fora on 8-10 September, but I do not think this was deliberate. In 2009 the two events did not overlap. I received an invitation to Yaroslavl much earlier than one to Krynica, probably both dates were fixed much in advance without concern for co-ordination. And it was not in anybody interest to compete. <br /><br />I had not been able to attend the Krynica Forum on earlier occasions, and cannot compare the two events. I will post an assessment of the Yaroslavl Forum very soon: the event was above all a massive propaganda exercise.D. Mario Nutihttps://www.blogger.com/profile/17319653816487296802noreply@blogger.comtag:blogger.com,1999:blog-8732662769765511163.post-53161358581086180972010-09-12T23:13:53.404+02:002010-09-12T23:13:53.404+02:00Mario, I have noticed that the Yaroslav Forum has ...Mario, I have noticed that the Yaroslav Forum has been organized in exactly the same days as the twenty-one years old International Economic Forum in Krynica. Do you think the choice of the dates was casual? And how does your experience of the Yaroslav and Krynica Fora compare?<br /><br />Turning to your interview, it is true that presently it seems that we are in a Keynesian world (including the liquidity trap), but stagflation could be just around the corner. Unfortunately reality does not always live up according to our textbook paradigms. Or fortunately: if it would, it would be a much more boring world (for economists at least). And surprises are needed to make the world more interesting (if also more dangerous).Alberto Chilosihttps://www.blogger.com/profile/12396350222780208837noreply@blogger.comtag:blogger.com,1999:blog-8732662769765511163.post-35839354362685503822010-09-05T17:19:05.878+02:002010-09-05T17:19:05.878+02:00"The global financial crisis of 2007-2010 has..."The global financial crisis of 2007-2010 has led to a considerable re-assessment and down-grading of the hyper-liberal economic theories of the 1990s and most of the 2000s."<br /><br />Forgive me for being skeptical about this assertion. Everyone is in a state of shock, but there has been no real change in Economics departments. I have heard graduates regret taking up Economics because the neoclassical paradigm is repeated ad nauseum.<br /><br />While supportive of the political economy of Marx, I'll allude to my other heterodox positions below.<br /><br />"This is why higher savings might lead to a depression, and a global lowering of wages might increase unemployment. We live in a Keynesian world."<br /><br />The post-Keynesian school has the best immediate solutions to the structural and cyclical unemployment problem. Overreliance on money multipliers is inefficient.<br /><br />Speaking of savings, the Chartalist school of monetary thought says that deficit spending is absolutely necessary even in good times. Without deficit spending, the capitalist credit system as a whole simply cannot expand.<br /><br />"Having said that, we must recognize that markets - with strong qualifications for at least some financial markets like derivatives - are absolutely indispensable in any economic system, for they provide automatic mechanisms of economic adjustment: of enterprise production to prices, of prices to excess or deficit demand, of actual to desired capital through capital stock adjustment via investment, of inputs supplies to actual outputs. We cannot live without markets."<br /><br />Which markets? Human economic activity may have had markets for consumer goods and services (your first two adjustments and the last one), but for long was quite independent from labour and then capital markets, let alone very very liberalized labour and capital markets.<br /><br />Good luck at the Yaroslavl Forum.Jacob Richternoreply@blogger.comtag:blogger.com,1999:blog-8732662769765511163.post-73524923774442637162010-09-04T01:45:56.488+02:002010-09-04T01:45:56.488+02:00Mario
While your answers are mostly on the dot let...Mario<br />While your answers are mostly on the dot let me strengthen one point further. As someone who has worked on various aspects of the IT industry and Silicon Valley, I can assure you that the "state" in its myriad forms had a significant role to play in the development of the internet and the IT industry.<br />Of course, now with the sudden burst of dynamic efficiency shown by the state-controlled sector in China, quite a few of the "traditional" economists are soon going to throw a hissy fit!<br />AshokAnonymousnoreply@blogger.com