Max Sawicky wrote:
Income is consumption plus the change in net worth. Obviously NIPA does it differently.
To persons, yes. But economy-wide, if there's no production to offset it, it's just vaporware.
Doug
- Re: RE: Re: Keynesian economics 101, Jim Devine Tue 22 May 2001, 14:16 GMT
- <Possible follow-up(s)>
- Re: Keynesian economics 101, Doug Henwood Tue 22 May 2001, 14:18 GMT
- Re: RE: Re: Keynesian economics 101, Doug Henwood Tue 22 May 2001, 14:30 GMT
- RE: Re: RE: Re: Keynesian economics 101, Max Sawicky Tue 22 May 2001, 15:07 GMT
- Re: RE: Re: RE: Re: Keynesian economics 101, Doug Henwood Tue 22 May 2001, 15:17 GMT
- RE: Re: RE: Re: RE: Re: Keynesian economics 101, Max Sawicky Tue 22 May 2001, 15:41 GMT
- Re: RE: Re: RE: Re: RE: Re: Keynesian economics 101, Doug Henwood Tue 22 May 2001, 15:49 GMT
- Re: Re: RE: Re: RE: Re: Keynesian economics 101, Jim Devine Tue 22 May 2001, 16:01 GMT
- Vaporware, Michael Perelman Tue 22 May 2001, 16:11 GMT