Re: Surplus Value or Profit

[Bruce McFarling <ecbm@xxxxxxxxxxxxxxxxxxx>]

On Fri, 16 Nov 2001 08:56:12 -0800 (PST), John Vertegaal
<vertegaa@xxxxxxxxx> wrote:

>Are you arguing that Keynes' reasoning happens within the
>confines of a single period?  Do you believe it is possible
>to capture economic progression in a single period? for if
>you do, you're setting economic reasoning back by about two
>centuries.

While this is fine sloganeering, its not really great
analysis.  The problem here is the leap from Keynes'
reasoning *applying* to a single accounting period,
to Keynes' reasoning "within the confines" of a
single period, and then on into economic progression.

If Keynes reasoning doesn't apply to a single period,
it doesn't apply, period.  The first of the month starts
as soon as the end of the last month is over ... there
is no interegnum for "inter-period" changes in economic
aggregates to occur.  The changes have to happen because
of changes occuring within the accounting periods in
question.

Virtually,

Bruce McFarling, Shortland, NSW
ecbm@xxxxxxxxxxxxxxxxxxx