German Elections Open Thread | 173 comments (173 topical, 0 editorial, 0 hidden)

Re: German Elections Open Thread (4.00 / 4)

Well Mill was friendly towards some sort of socialism, in fact he considred himself a socialist of some sort, if I'm not mistaken. In fact I have the general impression that he can be considered some sort of ancestral influence on British socialism...

The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Sun Sep 27th, 2009 at 05:32:05 PM EST
[ Parent ]

Re: German Elections Open Thread (4.00 / 2)

I did write about Mill's opinions on socialism here on ET.

We are too ignorant either of what individual agency in its best form, or Socialism in its best form, can accomplish, to be qualified to decide which of the two will be the ultimate form of human society.
If a conjecture may be hazarded, the decision will probably depend mainly on one consideration, viz. which of the two systems is consistent with the greatest amount of human liberty and spontaneity.

I believe he correctly predicted the way in which "real socialism" would fail in this respect in the 20th Century by degenerating into totalitarianism.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Carrie (migeru at eurotrib dot com) on Sun Sep 27th, 2009 at 05:41:43 PM EST
[ Parent ]

Re: German Elections Open Thread (none / 0)

Léon Walras was a socialist, too. He was in avour of the nationalization of land and he actively promoted the co-operative movement.

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Sun Sep 27th, 2009 at 06:50:17 PM EST
[ Parent ]

Re: German Elections Open Thread (none / 1)

Given that Walrus considered himself a gradualist socialist it is highly ironic that he is probably best known today for the neo-classicals who resort to the IS-LM model and invoke Walrus' Law to avoid having to provide a real model of the labor markets. (The assumption is that if the capital and the goods markets are in equilibrium, then, per Walrus' Law, the labor markets must also be in equilibrium.) A socialist who comes to be known for providing justification for ignoring labor markets! Steve Keen has written interesting posts that deal with the subject recently.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Sep 27th, 2009 at 11:15:54 PM EST
[ Parent ]

Re: German Elections Open Thread (none / 1)

"The time has come," Walras said
"To talk of many things:
Of stocks--and bonuses--and default swaps--
Of green shoots--and CEOs--
And why the market is boiling hot--
And whether pigs have wings."...

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Mon Sep 28th, 2009 at 12:00:35 AM EST
[ Parent ]

Re: German Elections Open Thread (none / 0)

"The time has come", Herr Walrus said,
"To speak of many things,
Of default swaps and CDOs,
Of bonuses and CEOs,
And why the market is boiling hot--
And whether pigs have wings."...

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Sep 28th, 2009 at 12:44:53 AM EST
[ Parent ]

German Elections Open Thread | 173 comments (173 topical, 0 editorial, 0 hidden)

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