I know that Reagan's ketchup is old news. The relevance is that the definition of capital is very fluid. If software is capital, why wan't it capital 25 years ago?
On Fri, Apr 25, 2008 at 01:19:01PM -0400, Doug Henwood wrote: > > On Apr 25, 2008, at 1:04 PM, Michael Perelman wrote: > >> The government now regards software as capital & ketchup as a vegetable. > > The second is ridiculous - and about 25 years out of date - but the first? > Why is software not capital? A computer is. What's a computer without > software? Would firmware be capital because it's software embedded in > hardware but not pure software? I don't get why these two things are > equally silly. > > Doug > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
