RE: RE: RE: Estimating Surplus

["Max Sawicky" <sawicky@xxxxxxxxxxxxxxxx>]

what about a corporation whose business is rental real estate
that includes improvements to the land?

max


> -----Original Message-----
> From: owner-pen-l@xxxxxxxxxxxxxxxxxxx
> [mailto:owner-pen-l@xxxxxxxxxxxxxxxxxxx]On Behalf Of Eric Nilsson
> Sent: Tuesday, June 04, 2002 5:23 PM
> To: pen-l@xxxxxxxxxxxxxxxxxxx
> Subject: [PEN-L:26570] RE: RE: Estimating Surplus
>
>
> Max wrote,
> >I would say net interest paid (not personal interest received)
> > and rent belong too.
>
> I'm not sure about rent as my concern is with surplus generated within an
> economic relationship involving wage labor (i.e. capitalism).
>
> The rental income in NIPA is for PERSONS (except for those who are part of
> the real estate industry) and a large part of it is imputed rental income
> that homeowners (pay themselves?) for living in their own houses.
> Some of it
> is payments for copyrights, patents, etc, but not too much I think.
>
> If you rent out your house to someone else this is unlikely to involve
> capitalist wage labor. You might earn income from ownership of capital (a
> house) but this isn't capitalist profit.
>
> Of course, I'm not entirely sure whether net interest payments should be
> included as profit from lending something scarce (money) need not
> be profit
> from capitalist activities. But I haven't quite figured this out yet.
>
> Eric
> .
>
>
>
>