RE: RE: Estimating Surplus

["Devine, James" <jdevine@xxxxxxx>]

Title: RE: [PEN-L:26569] RE: Estimating Surplus

Duménil & Lévy, if I remember, split proprietors' income 50/50 between labor & capital incomes. They also provide a variety of different estimates. Which you use would depend on what your purpose is. For studying time series, most of D&L's estimates of the profit rate mostly move together.

Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine

> -----Original Message-----
> From: Max Sawicky [mailto:sawicky@xxxxxxxxxxxxxxxx]
> Sent: Tuesday, June 04, 2002 2:06 PM
> To: pen-l@xxxxxxxxxxxxxxxxxxx
> Subject: [PEN-L:26569] RE: Estimating Surplus
>
>
> Part of properietors' income is really a quasi-wage, and part of
> wage & salary at the top is really a quasi-capital payment.
> I would say net interest paid (not personal interest received)
> and rent belong too.
>
> mbs
> 
> 
> > For the NIPA aware.....
> >
> > If you want to come up with a crude estimate for the total
> > surplus generated
> > by capitalist firms within the US economy, is there
> anything particularly
> > wrong with simply summing up various data taken from the
> National Income
> > data in NIPA (table 1.14)?
>