[was: RE: [PEN-L:24360] Re: RE: Re: RE: Re: Re: Did the boom benefit workers??? ?]
Doug writes:>I see no conceptual reason why software shouldn't be considered an investment - without it, computers are useless, and it lasts a long time.< Software depreciates very quickly, so that it's more like a raw material than like fixed capital. Also, unlike fixed capital, software is really easy to copy. Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
