Michael Perelman wrote: > The two concepts -- fictitious capital and discounted present value -- are > not entirely > different. Marx's term is more useful because it emphasizes the fact that the > future is > both unknown and unknowable.
right. No-one ever said that future expected earnings had to be discounted using market interest rates. -- 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
