Archive for December, 2012|Monthly archive page

Primitive Accumulation: From Adam Smith to Angela Merkel

I am going to present this paper in Slovenia.  Any comments would be appreciated.

The choice of Adam Smith as an introduction to a discussion of primitive accumulation might seem curious even though he inadvertently began the discussion of the concept.  Like a modern astrophysicist trying to understand the Big Bang, he asserted that “the accumulation of stock must, in the nature of things, be previous to the division of labour” (Smith 1976, 2.3, p. 277).  Smith, who often unintentionally raised important questions in the course of his confusion, was asking, what was the original accumulation that set off the ongoing process of capital accumulation.

I link the history of classical primitive accumulation to the contemporary ravages of neoliberalism.

http://michaelperelman.files.wordpress.com/2012/12/merkel1.docx

 

 

I am going to present this paper in Slovenia.  Any comments would be appreciated.

 

The choice of Adam Smith as an introduction to a discussion of primitive accumulation might seem curious even though he inadvertently began the discussion of the concept.  Like a modern astrophysicist trying to understand the Big Bang, he asserted that “the accumulation of stock must, in the nature of things, be previous to the division of labour” (Smith 1976, 2.3, p. 277).  Smith, who often unintentionally raised important questions in the course of his confusion, was asking, what was the original accumulation that set off the ongoing process of capital accumulation.

I link the history of classical primitive accumulation to the contemporary ravages of neoliberalism

 

https://michaelperelman.wordpress.com/wp-admin/post.php?post=2294&action=edit

Letter from a Student

I find this interesting. My boyfriend just graduated as a mechanical engineer and got a job right away, but our friends (also mechanical engineers) are still having a hard time finding jobs because they were told they would be making a lot more than what little they are being offered. One of them has just settle for a $10/hr job and they are beginning to give up and settle for poor pay. Most of them took out large loans to pay for the extra years it takes to become an engineer and are settling for poor pay just because the interest on those loans is starting to kick in. Thank you for the article.

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