One would also want to put insurance premia paid back into the surplus (they are typically subtracted from profits) in order to treat insurance symmetrically with self-insurance ...
-----Original Message----- From: Doug Henwood [mailto:[EMAIL PROTECTED]] Sent: 05 June 2002 02:12 To: [EMAIL PROTECTED] Subject: [PEN-L:26582] Re: RE: Re: RE: RE: Estimating Surplus Eric Nilsson wrote: >Doug wrote, >> Net interest is figured as what biz pays to households, right? It's >> an expense for business and an income for households. > >Yes indeed that is the case. I guess such a number doesn't add to capitalist >surplus. No but it's a subtraction from it. The concept is that households are the ultimate holder of business debts - financial institutions are just intermediaries. Doug ___________________________________________________ Email Disclaimer This communication is for the attention of the named recipient only and should not be passed on to any other person. Information relating to any company or security, is for information purposes only and should not be interpreted as a solicitation or offer to buy or sell any security. The information on which this communication is based has been obtained from sources we believe to be reliable, but we do not guarantee its accuracy or completeness. All expressions of opinion are subject to change without notice. All e-mail messages, and associated attachments, are subject to interception and monitoring for lawful business purposes. ___________________________________________________
