The EMA Phoenix:
Shorting
on Market "Hype".
Nitzan Bichler - 2012 - Capital as Power
Journal of the American Statistical Association 30 (190, June): 401-13.
References 419
Meeta, Rajivlochan. 2006. Farmers Suicide. Facts & Possible Policy Interventions. Pune: Yashwantrao Chavan Academy of Development Administration.
Mehra, Rajnish, and Edward C. Prescott. 1985. The Equity Premium: A Puzzle. Journal of Monetary Economics 15: 145-61.
Meiksins Wood, Ellen. 1981. The Separation of the Economic and the Political in Capitalism. New Left Review (127, May-June): 66-95.
Miliband, Ralph. 1969. The State in Capitalist Society. An Analysis of the Western System of Power. London: Weidenfeld and Nicolson.
---- 1970. The Capitalist State - Reply to N. Poulantzas. New Left Review (I/59, January-February): 53-60.
---- 1973. Poulantzas and the Capitalist State. New Left Review (I/82, November- December): 83-92.
Mill, John Stuart. 1848. [1900]. Principles of Political Economy. With Some of Their Applications to Social Philosophy. Rev. edn. 2 vols. New York: Co-operative Publi- cation Society.
Miller, John A. 1986. The Fiscal Crisis of the State Reconsidered: Two Views of the State and the Accumulation of Capital in the Postwar Economy. Review of Radical Political Economics 18 (1&2): 236-60.
---- 1987. Crisis Theory and the Expansion of the State: An Illustration of the Nexus Between the State and the Accumulation of Capital. In Research in Political Economy: A Research Annual, 10, edited by P. Zarembka. Greenwich, CT: JAI Press Incorporated, pp. 111-40.
Mills, C. Wright. 1956. The Power Elite. New York: Oxford University Press. Minsky, Hyman P. 1975. John Maynard Keynes. Great Economists Series. New York:
Columbia University Press.
---- 1982. Can "It" Happen Again? Essays on Instability and Finance. Armonk, NY:
M. E. Sharpe.
Mirowski, Philip. 1989. More Heat Than Light: Economics as Social Physics, Physics
as Nature's Economics. Historical Perspectives on Modern Economics. Cambridge:
Cambridge University Press.
Mishan, Ezra J. 1979. Evaluation of Life and Limb: A Theoretical Approach. The
Journal of Political Economy 79 (4, July-August): 687-705. electronic copy. Mitchell, Mark L. , and J. Harold Mulherin. 1996. The Impact of Industry Shocks on Takeover and Restructuring Activity. Journal of Financial Economics 41 (2): 193-229.
Mitchell-Innes, Alfred. 1913. What is Money? Banking Law Journal (May): 377-408. ---- 1914. The Credit Theory of Money. Banking Law Journal (December/January):
151-68.
Moore, Thomas Gale, ed. 1983. Corporations and Private Property. A Conference
Sponsored by the Hoover Institution. Special issue of The Journal of Law &
Economics XXVI (2, June).
Morck, Randall, ed. 2005. A History of Corporate Governance Around the World.
Family Business Groups to Professional Managers. A National Bureau of Economic
Research conference report. Chicago: University of Chicago Press.
Morishima, Michio. 1973. Marx's Economics. A Dual Theory of Value and Growth.
Cambridge: Cambridge University Press.
Morishima, Michio, and George Catephores. 1978. Value, Exploitation and Growth.
Marx in the Light of Modern Economic Theory. London: McGraw-Hill.
Morris, Jacob. 1958. Unemployment and Unproductive Employment. Science &
Society 22 (3): 193-206.
420 References
Morrison, Kevin. 2006. Commodities Boom Sends the Price of a Top Trader Soaring. Financial Times, May 12, p. 1.
Moseley, Fred. 1993. Marx's Logical Method and the "Transformation Problem". In Marx's Method in Capital. A Reexamination, edited by F. Moseley. Atlantic High- lands, NJ: Humanities Press, pp. 157-83.
Mosse, George L. 2000. Confronting History. A Memoir. With a foreword by Walter Laqueur. Madison, WI: University of Wisconsin.
Moulton, Brent R. 2001. The Expanding Role of Hedonic Methods in the Official Statistics of the United States. Paper read at Meeting of the BEA Advisory Council, November 30.
Mumford, Lewis. 1934. Technics and Civilization. New York: Harcourt Brace and Company.
---- 1961. The City in History. Its Origins, Its Transformations, and Its Prospects. 1st edn. New York: Harcourt Brace & World.
---- 1967. The Myth of the Machine. Technics and Human Development. New York: Harcourt, Brace & World, Inc.
---- 1970. The Myth of the Machine. The Pentagon of Power. New York: Harcourt, Brace Jovanovich, Inc.
Mundell, Robert A. 1963. Capital Mobility and Stabilization Policy Under Fixed and Flexible Exchange Rates. Canadian Journal of Economics and Political Science 29 (4, November): 475-85.
Naveh, Joseph. 1987. Early History of the Alphabet. An Introduction to West Semitic Epigraphy and Palaeography. 2nd rev. edn. Jerusalem: Magnes Press Hebrew University.
Nelson, Ralph L. 1959. Merger Movements in American Industry, 1895-1956. Princeton, NJ: Princeton University Press.
Neumann, Franz L. 1944. Behemoth. The Structure and Practice of National Socialism. 2nd Revised edn. New York: Oxford University Press.
Newman, James Roy. 1956. The World of Mathematics. A Small Library of the Literature of Mathematics from A'h-mose? the Scribe to Albert Einstein. 4 vols. New York: Simon and Schuster.
Nitzan, Jonathan. 1989. Price and Quantity Measurements: Theoretical Biases in Empirical Procedures. Working Paper 14/1989, Department of Economics, McGill University, Montreal, pp. 1-24.
---- 1990. Price Behaviour and Business Behaviour. Discussion Paper, Department of Economics, McGill University, Montreal, pp. 1-33.
---- 1992. Inflation as Restructuring. A Theoretical and Empirical Account of the U. S. Experience. Unpublished PhD Dissertation, Department of Economics, McGill University, Montreal.
---- 1995a. Breaking Out of Stagflation: Some Regional Comparisons. Emerging Markets Analyst 3 (9, January): 7-8.
---- 1995b. The EMA "Phoenix": Soaring on Market Hype. Emerging Markets Analyst 4 (6, October): 10-17.
---- 1996a.
The EMA Phoenix: Shorting on Market "Hype". Emerging Markets Analyst 5 (6, October): 14-25.
---- 1996b. US-Based Transnational Corporations and Emerging Markets. Emerging Markets Analyst 5 (3, July): 13-24.
---- 1997. The "Asian Miracle": How Close to Maturity? The BCA Emerging Markets Strategist (November): 5-10.
References 421
---- 1998a. Asian Equities: Not for the Fainthearted. Special Report. The BCA Emerging Markets Strategist (February): 10-19.
---- 1998b. Differential Accumulation: Toward a New Political Economy of Capital. Review of International Political Economy 5 (2): 169-216.
---- 1999. Will the Global Merger Boom End in Global Stagflation? Differential Accumulation and the Pendulum of 'Breadth' and 'Depth'. Paper read at Interna- tional Studies Association Meetings, at Washington D. C.
---- 2001. Regimes of Differential Accumulation: Mergers, Stagflation and the Logic of Globalization. Review of International Political Economy 8 (2): 226-74.
Nitzan, Jonathan, and Shimshon Bichler. 1995. Bringing Capital Accumulation Back In: The Weapondollar-Petrodollar Coalition - Military Contractors, Oil Compa- nies and Middle-East "Energy Conflicts". Review of International Political Economy 2 (3): 446-515.
---- 1996. From War Profits to Peace Dividends: The New Political Economy of Israel. Capital & Class 60: 61-94.
---- 2000. Inflation and Accumulation: The Case of Israel. Science & Society 64 (3): 274-309.
---- 2001. Going Global: Differential Accumulation and the Great U-turn in South Africa and Israel. Review of Radical Political Economics 33 (1, Winter): 21-55.
---- 2002. The Global Political Economy of Israel. London: Pluto Press.
---- 2003. It's All About Oil. News From Within XIX (1, January): 8-11.
---- 2005. The Scientist and the Church. Monograph. Montreal and Jerusalem (July),
pp. 1-48.
---- 2006a. Cheap Wars. The Economy of the Occupation. A Socioeconomic Bulletin
(10, September): 1-32.
---- 2006b. New Imperialism or New Capitalism? Review XXIX (1, April): 1-86. Nordhaus, William D. 2007. The Stern Review on the Economics of Climate Change,
Department of Economics, Yale University, pp. 1-40.
Nu? n? ez, Rafael E. , and Eve Sweetser. 2006. With the Future Behind Them: Convergent
Evidence from Aymara Language and Gesture in the Crosslinguistic Comparison of Spatial Construals of Time. Cognitive Science: A Multidisciplinary Journal 30 (3): 401-50.
Oakley, David. 2007. HSBC Index Points Way to Windfalls. Financial Times, September 25, p. 3.
Obstfeld, Maurice, and Alan. M. Taylor. 2004. Global Capital Markets: Integration, Crisis and Growth. Cambridge: Cambridge University Press.
Ochoa, E. 1989. Values, Prices and Wage-Profit Curves in the U. S. Economy. Cambridge Journal of Economics 13 (3, September): 413-30.
O'Connor, James. 1973. The Fiscal Crisis of the State. New York: St. Martin's Press. OECD. 2001. Measuring Capital. Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services. OECD Manual. Paris: OECD Publication
Services.
Olson, Mancur. 1965. The Logic of Collective Action. Public Goods and the Theory of
Groups. Cambridge, MA: Harvard University Press.
---- 1982. The Rise and Decline of Nations: Economic Growth, Stagflation, and Social
Rigidities. New Haven, CT: Yale University Press.
Orr, Akiva. 2003. From Protest to Revolution. Hebrew. Herzlia, Israel: Self Publishing. Orwell, George. 1948. Nineteen Eighty-Four. London and Toronto: Secker & Warburg
and S. J. Reginald Saunders & Co. Ltd.
422 References
Paine, Chris. 2006. Who Killed the Electric Car. A Documentary Movie: Plinyminor. Papademos, Lucas, and Franco Modigliani. 1990. The Supply of Money and the Control of Nominal Income. In Handbook of Monetary Economics, edited by B.
Friedman and F. Hahn. New York: North Holland, pp. 399-494.
Parkin, M. , and R. Bade. 1986. Modern Macroeconomics. 2nd edn. Scarborough,
Ontario: Prentice-Hall Canada.
Parks, Richard W. 1978. Inflation and Relative Price Variability. Journal of Political
Economy 86 (1, February): 79-95.
Pashigian, B. Peter, Brian Bowen, and Eric Gould. 1995. Fashion, Styling, and the
Within-Season Decline in Automobile Prices. Journal of Law and Economics 38
(2, October): 281-309.
Pasinetti, L. L. , and R. Scazzieri. 1987. Capital Theory: Paradoxes. In The New
Palgrave. Capital Theory, edited by J. Eatwell, M. Milgate and P. Newman. New
York: W. W. Norton & Company, pp. 136-47.
Patinkin, Don, and Otto Steiger. 1989. In Search of the 'Veil of Money' and the
'Neutrality of Money': A Note on the Origin of Terms. The Scandinavian Journal
of Economics 91 (1, March): 131-46.
Penrose, Edith Tilton. 1959. The Theory of the Growth of the Firm. Oxford: Blackwell. Perelman, Michael. 1990. The Phenomenology of Constant Capital and Fictitious
Capital. Review of Radical Political Economics 22 (2-3): 66-91.
---- 2006. Railroading Economics. The Creation of the Free Market Mythology. New
York: Monthly Review Press.
Pigou, Arthur Cecil. 1935. Net Income and Capital Depletion. Economic Journal 45:
235-41.
---- 1949. The Veil of Money. London: Macmillan.
Pilling, David. 2000. Drug Groups Wrestle with Seismic Shifts in Business Practices.
Financial Times Survey of Life Sciences & Pharmaceuticals, April 6, p. I.
Pincock, Stephen. 2006. Back to the Future. The Aymara People of the Andes Turn
Our Concept of Space and Time on its Head. Financial Times, 15 July, p. 13. Pirenne, Henri. 1937. [1956]. Economic and Social History of Medieval Europe. Trans-
lated from the French by I. E. Clegg. New York: Harcourt Brace.
Plender, John, and Victor Mallet. 2000. A Struggle to Escape.
References 419
Meeta, Rajivlochan. 2006. Farmers Suicide. Facts & Possible Policy Interventions. Pune: Yashwantrao Chavan Academy of Development Administration.
Mehra, Rajnish, and Edward C. Prescott. 1985. The Equity Premium: A Puzzle. Journal of Monetary Economics 15: 145-61.
Meiksins Wood, Ellen. 1981. The Separation of the Economic and the Political in Capitalism. New Left Review (127, May-June): 66-95.
Miliband, Ralph. 1969. The State in Capitalist Society. An Analysis of the Western System of Power. London: Weidenfeld and Nicolson.
---- 1970. The Capitalist State - Reply to N. Poulantzas. New Left Review (I/59, January-February): 53-60.
---- 1973. Poulantzas and the Capitalist State. New Left Review (I/82, November- December): 83-92.
Mill, John Stuart. 1848. [1900]. Principles of Political Economy. With Some of Their Applications to Social Philosophy. Rev. edn. 2 vols. New York: Co-operative Publi- cation Society.
Miller, John A. 1986. The Fiscal Crisis of the State Reconsidered: Two Views of the State and the Accumulation of Capital in the Postwar Economy. Review of Radical Political Economics 18 (1&2): 236-60.
---- 1987. Crisis Theory and the Expansion of the State: An Illustration of the Nexus Between the State and the Accumulation of Capital. In Research in Political Economy: A Research Annual, 10, edited by P. Zarembka. Greenwich, CT: JAI Press Incorporated, pp. 111-40.
Mills, C. Wright. 1956. The Power Elite. New York: Oxford University Press. Minsky, Hyman P. 1975. John Maynard Keynes. Great Economists Series. New York:
Columbia University Press.
---- 1982. Can "It" Happen Again? Essays on Instability and Finance. Armonk, NY:
M. E. Sharpe.
Mirowski, Philip. 1989. More Heat Than Light: Economics as Social Physics, Physics
as Nature's Economics. Historical Perspectives on Modern Economics. Cambridge:
Cambridge University Press.
Mishan, Ezra J. 1979. Evaluation of Life and Limb: A Theoretical Approach. The
Journal of Political Economy 79 (4, July-August): 687-705. electronic copy. Mitchell, Mark L. , and J. Harold Mulherin. 1996. The Impact of Industry Shocks on Takeover and Restructuring Activity. Journal of Financial Economics 41 (2): 193-229.
Mitchell-Innes, Alfred. 1913. What is Money? Banking Law Journal (May): 377-408. ---- 1914. The Credit Theory of Money. Banking Law Journal (December/January):
151-68.
Moore, Thomas Gale, ed. 1983. Corporations and Private Property. A Conference
Sponsored by the Hoover Institution. Special issue of The Journal of Law &
Economics XXVI (2, June).
Morck, Randall, ed. 2005. A History of Corporate Governance Around the World.
Family Business Groups to Professional Managers. A National Bureau of Economic
Research conference report. Chicago: University of Chicago Press.
Morishima, Michio. 1973. Marx's Economics. A Dual Theory of Value and Growth.
Cambridge: Cambridge University Press.
Morishima, Michio, and George Catephores. 1978. Value, Exploitation and Growth.
Marx in the Light of Modern Economic Theory. London: McGraw-Hill.
Morris, Jacob. 1958. Unemployment and Unproductive Employment. Science &
Society 22 (3): 193-206.
420 References
Morrison, Kevin. 2006. Commodities Boom Sends the Price of a Top Trader Soaring. Financial Times, May 12, p. 1.
Moseley, Fred. 1993. Marx's Logical Method and the "Transformation Problem". In Marx's Method in Capital. A Reexamination, edited by F. Moseley. Atlantic High- lands, NJ: Humanities Press, pp. 157-83.
Mosse, George L. 2000. Confronting History. A Memoir. With a foreword by Walter Laqueur. Madison, WI: University of Wisconsin.
Moulton, Brent R. 2001. The Expanding Role of Hedonic Methods in the Official Statistics of the United States. Paper read at Meeting of the BEA Advisory Council, November 30.
Mumford, Lewis. 1934. Technics and Civilization. New York: Harcourt Brace and Company.
---- 1961. The City in History. Its Origins, Its Transformations, and Its Prospects. 1st edn. New York: Harcourt Brace & World.
---- 1967. The Myth of the Machine. Technics and Human Development. New York: Harcourt, Brace & World, Inc.
---- 1970. The Myth of the Machine. The Pentagon of Power. New York: Harcourt, Brace Jovanovich, Inc.
Mundell, Robert A. 1963. Capital Mobility and Stabilization Policy Under Fixed and Flexible Exchange Rates. Canadian Journal of Economics and Political Science 29 (4, November): 475-85.
Naveh, Joseph. 1987. Early History of the Alphabet. An Introduction to West Semitic Epigraphy and Palaeography. 2nd rev. edn. Jerusalem: Magnes Press Hebrew University.
Nelson, Ralph L. 1959. Merger Movements in American Industry, 1895-1956. Princeton, NJ: Princeton University Press.
Neumann, Franz L. 1944. Behemoth. The Structure and Practice of National Socialism. 2nd Revised edn. New York: Oxford University Press.
Newman, James Roy. 1956. The World of Mathematics. A Small Library of the Literature of Mathematics from A'h-mose? the Scribe to Albert Einstein. 4 vols. New York: Simon and Schuster.
Nitzan, Jonathan. 1989. Price and Quantity Measurements: Theoretical Biases in Empirical Procedures. Working Paper 14/1989, Department of Economics, McGill University, Montreal, pp. 1-24.
---- 1990. Price Behaviour and Business Behaviour. Discussion Paper, Department of Economics, McGill University, Montreal, pp. 1-33.
---- 1992. Inflation as Restructuring. A Theoretical and Empirical Account of the U. S. Experience. Unpublished PhD Dissertation, Department of Economics, McGill University, Montreal.
---- 1995a. Breaking Out of Stagflation: Some Regional Comparisons. Emerging Markets Analyst 3 (9, January): 7-8.
---- 1995b. The EMA "Phoenix": Soaring on Market Hype. Emerging Markets Analyst 4 (6, October): 10-17.
---- 1996a.
The EMA Phoenix: Shorting on Market "Hype". Emerging Markets Analyst 5 (6, October): 14-25.
---- 1996b. US-Based Transnational Corporations and Emerging Markets. Emerging Markets Analyst 5 (3, July): 13-24.
---- 1997. The "Asian Miracle": How Close to Maturity? The BCA Emerging Markets Strategist (November): 5-10.
References 421
---- 1998a. Asian Equities: Not for the Fainthearted. Special Report. The BCA Emerging Markets Strategist (February): 10-19.
---- 1998b. Differential Accumulation: Toward a New Political Economy of Capital. Review of International Political Economy 5 (2): 169-216.
---- 1999. Will the Global Merger Boom End in Global Stagflation? Differential Accumulation and the Pendulum of 'Breadth' and 'Depth'. Paper read at Interna- tional Studies Association Meetings, at Washington D. C.
---- 2001. Regimes of Differential Accumulation: Mergers, Stagflation and the Logic of Globalization. Review of International Political Economy 8 (2): 226-74.
Nitzan, Jonathan, and Shimshon Bichler. 1995. Bringing Capital Accumulation Back In: The Weapondollar-Petrodollar Coalition - Military Contractors, Oil Compa- nies and Middle-East "Energy Conflicts". Review of International Political Economy 2 (3): 446-515.
---- 1996. From War Profits to Peace Dividends: The New Political Economy of Israel. Capital & Class 60: 61-94.
---- 2000. Inflation and Accumulation: The Case of Israel. Science & Society 64 (3): 274-309.
---- 2001. Going Global: Differential Accumulation and the Great U-turn in South Africa and Israel. Review of Radical Political Economics 33 (1, Winter): 21-55.
---- 2002. The Global Political Economy of Israel. London: Pluto Press.
---- 2003. It's All About Oil. News From Within XIX (1, January): 8-11.
---- 2005. The Scientist and the Church. Monograph. Montreal and Jerusalem (July),
pp. 1-48.
---- 2006a. Cheap Wars. The Economy of the Occupation. A Socioeconomic Bulletin
(10, September): 1-32.
---- 2006b. New Imperialism or New Capitalism? Review XXIX (1, April): 1-86. Nordhaus, William D. 2007. The Stern Review on the Economics of Climate Change,
Department of Economics, Yale University, pp. 1-40.
Nu? n? ez, Rafael E. , and Eve Sweetser. 2006. With the Future Behind Them: Convergent
Evidence from Aymara Language and Gesture in the Crosslinguistic Comparison of Spatial Construals of Time. Cognitive Science: A Multidisciplinary Journal 30 (3): 401-50.
Oakley, David. 2007. HSBC Index Points Way to Windfalls. Financial Times, September 25, p. 3.
Obstfeld, Maurice, and Alan. M. Taylor. 2004. Global Capital Markets: Integration, Crisis and Growth. Cambridge: Cambridge University Press.
Ochoa, E. 1989. Values, Prices and Wage-Profit Curves in the U. S. Economy. Cambridge Journal of Economics 13 (3, September): 413-30.
O'Connor, James. 1973. The Fiscal Crisis of the State. New York: St. Martin's Press. OECD. 2001. Measuring Capital. Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services. OECD Manual. Paris: OECD Publication
Services.
Olson, Mancur. 1965. The Logic of Collective Action. Public Goods and the Theory of
Groups. Cambridge, MA: Harvard University Press.
---- 1982. The Rise and Decline of Nations: Economic Growth, Stagflation, and Social
Rigidities. New Haven, CT: Yale University Press.
Orr, Akiva. 2003. From Protest to Revolution. Hebrew. Herzlia, Israel: Self Publishing. Orwell, George. 1948. Nineteen Eighty-Four. London and Toronto: Secker & Warburg
and S. J. Reginald Saunders & Co. Ltd.
422 References
Paine, Chris. 2006. Who Killed the Electric Car. A Documentary Movie: Plinyminor. Papademos, Lucas, and Franco Modigliani. 1990. The Supply of Money and the Control of Nominal Income. In Handbook of Monetary Economics, edited by B.
Friedman and F. Hahn. New York: North Holland, pp. 399-494.
Parkin, M. , and R. Bade. 1986. Modern Macroeconomics. 2nd edn. Scarborough,
Ontario: Prentice-Hall Canada.
Parks, Richard W. 1978. Inflation and Relative Price Variability. Journal of Political
Economy 86 (1, February): 79-95.
Pashigian, B. Peter, Brian Bowen, and Eric Gould. 1995. Fashion, Styling, and the
Within-Season Decline in Automobile Prices. Journal of Law and Economics 38
(2, October): 281-309.
Pasinetti, L. L. , and R. Scazzieri. 1987. Capital Theory: Paradoxes. In The New
Palgrave. Capital Theory, edited by J. Eatwell, M. Milgate and P. Newman. New
York: W. W. Norton & Company, pp. 136-47.
Patinkin, Don, and Otto Steiger. 1989. In Search of the 'Veil of Money' and the
'Neutrality of Money': A Note on the Origin of Terms. The Scandinavian Journal
of Economics 91 (1, March): 131-46.
Penrose, Edith Tilton. 1959. The Theory of the Growth of the Firm. Oxford: Blackwell. Perelman, Michael. 1990. The Phenomenology of Constant Capital and Fictitious
Capital. Review of Radical Political Economics 22 (2-3): 66-91.
---- 2006. Railroading Economics. The Creation of the Free Market Mythology. New
York: Monthly Review Press.
Pigou, Arthur Cecil. 1935. Net Income and Capital Depletion. Economic Journal 45:
235-41.
---- 1949. The Veil of Money. London: Macmillan.
Pilling, David. 2000. Drug Groups Wrestle with Seismic Shifts in Business Practices.
Financial Times Survey of Life Sciences & Pharmaceuticals, April 6, p. I.
Pincock, Stephen. 2006. Back to the Future. The Aymara People of the Andes Turn
Our Concept of Space and Time on its Head. Financial Times, 15 July, p. 13. Pirenne, Henri. 1937. [1956]. Economic and Social History of Medieval Europe. Trans-
lated from the French by I. E. Clegg. New York: Harcourt Brace.
Plender, John, and Victor Mallet. 2000. A Struggle to Escape.
