On Nov 4, 2011, at 2:22 PM, Lakshmi Rhone wrote:
For purposes of testing Marxist theory, which measure of profits should be used--shareholder reported profits, NIPA profits, profits reported for tax purposes or some other measure?
NOTA. The Marxian theory is a theory of *surplus* value, and "profit of enterprise" is only part of aggregate surplus value. The measure of (in Marxian terms) "profit" comprises, on an after-tax basis: net rental income, net interest income, total executive salaries, total dividend income, and (net of properly computed capital consumption) corporate retained earnings.
Shane Mage > This cosmos did none of gods or men make, but it > always was and is and shall be: an everlasting fire, > kindling in measures and going out in measures." > > Herakleitos of Ephesos
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