CPEG’s Ron Baiman has just released a new book:
The Global Free Trade Error
The Infeasibility of Ricardo’s Comparative Advantage Theory
Ron Baiman – Routledge
The doctrine of “free trade” is second only to that of “free markets” in undergirding ideological support for our current global economic structures and rules. From David Ricardo’s “comparative advantage principle” to James Meade’s Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception.
Despite months of consistent polling indicating otherwise, Donald Trump was declared president-elect after the U.S. Presidential election on November 8th, 2016. However, a new statistical analysis conducted by CPEG’s Ron Baiman shows that the discrepancies between the reported results and unadjusted election polls fit a profile of chronic republican vote-count rigging, not random statistical patterns. Baiman explains that it is necessary to “analyze ‘unadjusted exit poll’ (UEP) results that have been captured by screen shots of exit polls publicized as soon as possible immediately after the closing of state election polls. These UEP results are the best real exit poll data that we have in the U.S. as Edison does not release UEP results in any other fashion”.
Download the full statistical analysis (PDF)
Check out two recently released books authored by CPEG members Joe Persky and Ron Baiman!
The Political Economy of Progress
John Stuart Mill and Modern Radicalism
Joseph Persky – Oxford Studies in the History of Economics
While there had been much radical thought before John Stuart Mill, Joseph Persky argues it was Mill, as he moved to the left, who provided the radical wing of liberalism with its first serious analytical foundation, a political economy of progress that still echoes today. A rereading of Mill’s mature work suggests his theoretical understanding of accumulation led him to see laissez-faire capitalism as a transitional system. Deeply committed to the egalitarian precepts of the Enlightenment, Mill advocated gradualism and rejected revolutionary expropriation on utilitarian grounds: gradualism, not expropriation, promised meaningful long-term gains for the working classes. He endorsed laissez-faire capitalism because his theory of accumulation saw that system approaching a stationary state characterized by a great reduction in inequality and an expansion of cooperative production. These tendencies, in combination with an aggressive reform agenda made possible by the extension of the franchise, promised to provide a material base for social progress and individual development.
Following a June 7th presentation to the Illinois legislature by CPEG members Ron Baiman and Bill Barclay, which occured during a hearing on proposed bills to create a “LaSalle Street Tax”, CPEG has issued additional clarifying comments. The comments are in response to a number of issues raised during the hearing.
CPEG LaSalle Street Tax Additional Comments (PDF)
On June 7th, CPEG members Ron Baiman and Bill Barclay testified before the Illinois House of Representatives on House Bill 106, Introduced by Rep. Mary Flowers of Chicago, which would create a “LaSalle Street”, or Financial Transactions Tax in the state.
Baiman testified that a LaSalle Street Tax would be fair, feasible, and beneficial, adding billions in revenue to the ailing state budget. Barclay testified that talking points from opponents of such a tax are not grounded in real experiences. Download the powerpoint presentations that accompanied their testimony:
Ron Baiman’s Testimony (.pptx)
Bill Barclay’s Testimony (.pptx)