The one thing that Walker/Vatter neglected to point out is that the recent
investment is not in very durable capital goods, so the depreciation is
very high. Thus, net investment is not as high as gross investment
figures suggest.
The review of my book in Challenge was very flattering. What J. Devine
article will be appearing. They are not very good about putting their
articles out at the promised time. I have an article that was supposed to
appear there in Sept. 2000. It will actually appear in March.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
