Re: RE: Re: RE: Re: RE: Re: Keynesian economics 101

[Doug Henwood]

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 income, just like a 
balance sheet is different from an income statement. One affects the 
other, but they're not the same.

Doug