Re: Re: Re: RE: Farm "subsidy" data base

[Eugene Coyle <eugenecoyle@xxxxxxx>]

I'm looking forward to your book.

Gene

Michael Perelman wrote:

> Gene, I have been pushing the idea that the economy breaks into two
> different sectors.  1 consists of the undifferentiated commodities, and
> the other, those sectors protected by intellectual property rights.  The
> former will remain in trouble while the latter will prosper as long as it
> is backed by state power.  But then, you will have to wait until my book
> comes out in a few months ....
>
> On Thu, Dec 27, 2001 at 09:47:31AM -0800, Eugene Coyle wrote:
> > My argument is that selling an undifferentiated commodity on the market
> > -- like many farm commodities -- actually results in prices that only
> > cover marginal costs, not average costs.  The difference has to be made
> > up somehow.  That is what I see as the idea behind farm subsidies.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael@xxxxxxxxxxxxxxxxx