okay, how do you assign prices? how valuable is the Sun? On Tue, Apr 22, 2008 at 4:07 PM, Max B. Sawicky <[EMAIL PROTECTED]> wrote: > Jim Devine wrote: > > > Miracle Max mutters: > > > > > Don't ask me how this works in re: the Cambridge capital controversy. I > > > wouldn't know. Maybe it just doesn't, but it wasn't clear that was > Father > > > Devine's principal objection. In any case I would say this stuff is > worth > > > measuring, somehow. > > > > > > > the Camb Cap Contr, among many other things, says that the value of > > "capital" depends on the prices. If some piece of Nature isn't valued > > by capitalism, its distribution of income, the tastes it encourages > > people to embrace, etc., then it won't count in calculating "natural > > capital." > > > > (That's not exactly non-intuitive, so we don't need the Camb Cap Contr > > to make the point.) > > > > > (Still muttering) But some natural capital assets are marketed and have > prices. > For something less solid, like clean air, there is some cost of attaining > it and > some willingness to pay. Public capital is not marketed and clearly has > value. > What's the problem? > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
-- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
