Mark Perlman has a wonderful account of Kuznets and the creation of national accounts in the US -- how it was designed as a war planning tool. Come to think of it, he was trying to calculate the surplus, to see how much production could be diverted to the war. In this sense, Doug can be correct, but I still don't get the Hayek analogy.
On Fri, Dec 05, 2003 at 08:27:24AM -0500, Paul wrote: > Doug writes: > > >Trying to quantify it [surplus value] reminds > >me of Hayek's Prices & Production. > > > >Doug > > Could you elaborate on the analogy? Are you saying that quantifying > surplus value (or rather a workable proxy, in the same way the NIPA > accounts are workable proxies) is too difficult empirically or is it > theoretically illogical ? Thanks > > Paul -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
