- Original Message -
From: "Eric Nilsson" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Wednesday, June 05, 2002 10:21 AM
Subject: [PEN-L:26600] RE: Re: Re: Re: RE: Re: RE: RE: Estimating
Surplus
> Doug wrote,
> >
> > I was just citing the conve
Doug wrote,
>
> I was just citing the convention of the NIPAs. Conceptually, the
> people who make up households have to be the producers and recipients
> of everything, since corps are just legal fictions, no?
It is a fiction that corporations are "quasi-persons." Regardless of that,
corporation
[EMAIL PROTECTED] wrote:
>Doug wrote,
>> The concept is that households are
>> the ultimate holder of business debts - financial institutions are
>> just intermediaries.
>
>It depends on your theory, I guess. What you say above is reasonable from the
>point of view of some economists.
I was j
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
Doug wrote,
> The concept is that households are
> the ultimate holder of business debts - financial institutions are
> just intermediaries.
It depends on your theory, I guess. What you say above is reasonable from the
point of view of some economists.
But in the crude marxist theory I work w
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 conc
Title: RE: [PEN-L:26574] RE: Re: RE: RE: Estimating Surplus
> Doug wrote,
> > Net interest is figured as what biz pays to households, right? It's
> > an expense for business and an income for households.
Eric wrote:
> Yes indeed that is the case. I guess such a number doesn't
> add to cap
Max wrote,
> Part of profits are paid to households too.
>
> I don't see how you can include profits but not net interest paid.
I feel like Reagan, who allegedly was convinced by the last person he talked
with ...
I think I now would include net interest--these payments go to persons (as a
paym
Part of profits are paid to households too.
I don't see how you can include profits but not net interest paid.
mbs
> 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
