RE: Re: RE: RE: Estimating Surplus

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

Title: RE: [PEN-L:26584] Re: RE: RE: Estimating Surplus

 for a quick & dirty estimate of the surplus, use total property income (as a percentage of the private sector's product): interest plus profit plus rent. JD

-----Original Message-----
From: enilsson@xxxxxxxxx
To: pen-l@xxxxxxxxxxxxxxxxxxx
Sent: 6/4/2002 1:37 PM
Subject: [PEN-L:26584] Re: RE: RE: Estimating Surplus

Jim D wrote,
> 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.

I am hoping to use it to provide students an estimate of the size of the

surplus. A quick and dirty estimate is all I want.

If I was going to use it for more serious purposes ("to make a
contribution to
the literature" bla bla  ;>)  ) it would likely be a six month process
to
figure out the "best" way to calculate the surplus.

I work slowly.

Eric