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RE: End.Gr. - Marx
Eric Nilsson says: "Even if capitalists did reinvest all the surplus, they
still would have many decisions to make. They must decide what to invest in:...
All of these decisions have major miceroeconomic and macroeconomic consequences
."
_____________________________
Of course! But these decisions are "business" decisions that a capitalist as
"capital personified" must make. However, the decision to consume or not to
consume is a decision of a different nature. Here a human being (and not a
capitalist in a role of capital personified) is making an intertemporal
decision about consumption to maximize his/her satisfaction.
Cheers, ajit sinha
- Thread context:
- Printing Money -Reply -Reply, (continued)
- RE: End.Gr. - Marx,
Heinz D. Kurz, Institut f\|r Volkswirtschaftslehre, Universit\dt Graz, Schubertstra\_e 6a, A-8010 Graz, Austria, phone: (o316) 380 3444 (office), 677710 (home), fax: (0316) 384278 Thu 23 Feb 1995, 10:34 GMT
- RE: End.Gr.-Engels,
Heinz D. Kurz, Institut f\|r Volkswirtschaftslehre, Universit\dt Graz, Schubertstra\_e 6a, A-8010 Graz, Austria, phone: (o316) 380 3444 (office), 677710 (home), fax: (0316) 384278 Thu 23 Feb 1995, 10:12 GMT
- -Reply,
LAURA EBERT Thu 23 Feb 1995, 03:14 GMT
- Ideological Divide?,
John Gelles Thu 23 Feb 1995, 02:05 GMT
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