On Thu, 15 Aug 2002, john hull wrote: > to pay. Do you think a firm would take the risk of > plunking down that kind of money for a > multi-generation debt?
It would likely depend a lot on how property rights over shares work out and how liens on shares would be treated. If the market price did settle around $700K, then it would be unlikely that an indentured servant would pay off his share in his lifetime. However, he could pay off some fraction of his share and his estate would inheret a fractional share. So long as the company bringing in the indentured servant could maintain its property right over the part of it that isn't paid off, the system should work. > I am curious why you used GDP as the basis for share > calcualtion. I'm not attacking it, I just don't it's > appropriate. Seemed like a decent starting point for getting a total market valuation. I'd more than welcome alternatives. In the limit, the market valuation of the country is the market price of the assets in the country (the break-up value). I have no way of guessing at the valuation of the current stock of wealth in the country, but the stock of wealth should be reflected in the current price of outputs. The stock of capital should be equal in valuation to the present discounted value of the stream of revenues flowing therefrom. Of course, I'm also treating the population as part of the capital stock in doing this. Eric > Best wishes, > -jsh > > > __________________________________________________ > Do You Yahoo!? > HotJobs - Search Thousands of New Jobs > http://www.hotjobs.com > >
