Over time -- Sales > Cost until Insolvency when Cost > Sales

["John Gelles" <johng@xxxxxxxxxx>]

        Dear Bill Ryan,

            Over time sales > cost  but what's with "proportionality".

            Some profit margins are high, some low.

            Overtime,  cost > sales, and kaput goes the item or firm.

            At macro level what must be measured is standard of
            living not cost or sales.  Not even GNP or GDP -- the new
            measures are  GNH  or GDH  or GWH  or GCH.

                    H above = Happiness as in the pursuit of
                    W = World    C = Cosmos

            John

----- Reply to  Message -----
From: William B. Ryan
To: pkt@xxxxxxxxxxxxxxxx
Sent: Saturday, March 24, 2001 1:18 PM
Subject: Re: Say's Law, Walrus, Schumpeter, and Keynes


Gunnar, ...  The Pythagorean Theorem is a mathematical relationship that
does by its very nature require always that A squared + B squared equal C
squared.  Say's "law" as a proposition with relevance to the real world most
emphatically does not require the equality between costs and sales but
merely their proportionality over time, a point I have made over and over.
...