Max Sawicky wrote:
We measure consumption in terms of the prices of what is consumed (possibly including shadow prices of intangibles), so why not measure net worth changes by the prices of capital? How else would you measure wealth, or anything?
Changes in wealth are different from changes in income, just like a balance sheet is different from an income statement. One affects the other, but they're not the same.
Doug
- Re: RE: Re: Keynesian economics 101, (continued)
- 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
- Re: Vaporware, Doug Henwood Tue 22 May 2001, 16:15 GMT
- monetary policy, Jim Devine Tue 22 May 2001, 16:46 GMT