<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class="">Last night’s meeting of the AWARE group reading “Capital in the Twenty-First Century” was well-attended and lively.<div class=""><br class=""></div><div class="">David Green asserted that Piketty is a bit cavalier in his conflation of use-value and exchange-value in his conception of capital (= wealth). </div><div class="">David Johnson asserted that Piketty seems not to pay enough attention to the machinations of capitalists (aka the 1%) today.</div><div class="">A specter is haunting our European/American discussion - the specter of the OMBM (Old Man in the British Museum).</div><div class=""><br class=""><div class=""><span style="font-family: TimesNewRomanPSMT;" class="">Members & friends of AWARE are invited to join the group. The next meeting is</span><span style="font-family: TimesNewRomanPSMT;" class=""> 6pm Wednesday 3 June at 5 Litchfield Lane in Champaign.</span></div><div class=""><br style="font-family: TimesNewRomanPSMT;" class=""><span style="font-family: TimesNewRomanPSMT;" class="">Reading for this week is the rest of "</span><font face="TimesNewRomanPSMT" class="">Part Two: The Dynamics of the Capital/Income Ratio": i.e., </font></div><div class=""><span style="font-family: TimesNewRomanPSMT;" class="">chapter 5 "The Capital/Income Ratio over the Long Run,” and chapter 6 "The Capital-Labor Split in the Twenty-First Century.” </span></div><div class=""><span style="font-family: TimesNewRomanPSMT;" class="">Both chapters are more readable and less daunting than they sound. </span></div><div class=""><br class=""></div><div class=""><span style="font-family: TimesNewRomanPSMT;" class="">On-line access: <</span><a href="http://resistir.info/livros/piketty_capital_in_the_21_century_2014.pdf" style="font-family: TimesNewRomanPSMT;" class="">http://resistir.info/livros/piketty_capital_in_the_21_century_2014.pdf</a><span style="font-family: TimesNewRomanPSMT;" class="">>.</span><br style="font-family: TimesNewRomanPSMT;" class=""><br style="font-family: TimesNewRomanPSMT;" class=""><div class=""><span style="font-family: TimesNewRomanPSMT;" class="">—CGE</span> <div class=""><br class=""></div><div class=""><br class=""></div><div class=""><span style="font-family: TimesNewRomanPSMT;" class="">PS - A critique (mentioned last night) </span><span style="font-family: TimesNewRomanPSMT;" class="">by an MIT grad student</span><span style="font-family: TimesNewRomanPSMT;" class=""> is discussed at </span></div><div class=""><br class=""></div></div></div><div class=""><font face="TimesNewRomanPSMT" class=""><<a href="http://www.vox.com/2015/4/1/8320937/this-26-year-old-grad-student-didnt-really-debunk-piketty-but-what-he" class="">http://www.vox.com/2015/4/1/8320937/this-26-year-old-grad-student-didnt-really-debunk-piketty-but-what-he</a>>.</font></div></div></body></html>