Max Sawicky wrote:
Any change
in wealth IS income.
By what definition? Certainly not the NIPA definition.
Doug
Max Sawicky wrote:
We measure consumption in terms of the prices
of what is consumed (possibly including shadow
prices of intangibles), so why not measure
net worth changes by the prices of capital?
How else would you measure wealth, or anything?
Changes in wealth are different from changes in
Michael Perelman wrote:
Do you doubt your president, who said that the tax cuts were necessary to
stave off a recession?
Yes. He's a liar and a moron.
Doug
Jim Devine wrote:
It's passed Japan in terms of _per capita_ income (or some measure
of the actual benefits of the economy per capita)? I doubt it. How
does he measure this? Further, if it's done using current exchange
rates, China's status could fall drastically due to a devaluation.
These
Max Sawicky wrote:
Seems to me Doug's question is what is the
effect of the extra X on the growth rate.
No, I'm not that vulgar, claims to the contrary. I was looking for
some kind of qualitative and quantitative account of the contribution
of imperialism to the maintenance of First World
Yoshie Furuhashi wrote:
Ricardo is implying that if you are born rich in the Third World,
you are of necessity forever trapped in the aristocratic ideology of
enjoying leisure dependence upon servants, moreover endorsing the
social relations that give you many servants who wait upon you,
Stephen E Philion wrote:
I had the chance out here in Hawaii to see Harvey and Spivak speak last
month. Harvey, as dry as his speaking style is, was clearly making links
between issues of globalization, culture, envronment and political
economy. Spivak's talk was very frustrating on the other
