Re: Surplus Value or Profit

[Bruce McFarling <ecbm@xxxxxxxxxxxxxxxxxxx>]

On Sat, 10 Nov 2001 16:22:50 -0500, Gunnar Tómasson
<gunnar.tomasson@xxxxxxxxxxx>

>At issue is the system sketched by Keynes in Ch. 6.

>It is a Closed System, as indicated, inter alia, by the opening
>part of Keynes's re-statement of its essential analytical attributes
>towards chapter's end:

>"In short - Income = value of output = consumption + investment."

Ah, this is a semantic question then, as I know of no
definition of "open system" in the general systems or
conventional economic analytical systems lexicons which
would permit the final line to stand as evidence of the
argument.

What is your definition of an Open System and a Closed
System, and why is it a preferable terminology to the
General Systems approach?


--
Dr. Bruce R. McFarling, PhD
Bus. Office 1.72 -- (02) 4348-4078
School of Business
Faculty of the Central Coast
Newcastle University, Ourimbah