----- Original Message ----- From: "Devine, James" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Tuesday, March 26, 2002 1:51 PM Subject: [PEN-L:24361] software
> [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 =============== Depreciates quickly in terms of exchange value, not use value. Logic, math and funky grammars are the raw material. Ian
