and a partially made good (90% bridge) typically goes into intermediate goods or inventory....and treated differently in macro..............

Ann


At 01:27 AM 9/4/2009, you wrote:
Gene's summary is right on target. Capital goods imply a time dimension. As Hicks said, the "give hostages to the future."


Gene Coyle wrote:
Static micro can't be fixed.  It can only be discarded.

Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901

http://michaelperelman.wordpress.com


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