Do I detect that Veblen is finally being re-recognized for his insight
in the use of market power to expropriate surplus value?
Paul Phillips
Jonathan Nitzan wrote:
In the end, the only "real" thing is the fiction (sorry Michael, but I
couldn't help it...)
âIn all these civilised countries, where the price system has gone into
effect men count their wealth in money-values. So much so that by
settled habit, induced by long and close application to the pursuit of
net gain in terms of price, men have come to the conviction that
moneyâvalues are more real and substantial than any of the material
facts in this transitory world. So much so that the final purpose of any
businesslike undertaking is always a sale, by which the seller comes in
for the price of his goods; and when a person has sold his goods, and so
becomes in effect a creditor by that much, he is said to have "realised"
his wealth, or to have "realised" his holdings. In the business world
the price of things is a more substantial fact than the things
themselvesâ (Thorstein Veblen, Absetnee Ownership)
Jonathan Nitzan
michael perelman wrote:
Can anyone point me to a good source for realized capital gains?
--
Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
--
No virus found in this outgoing message.
Checked by AVG Anti-Virus.
Version: 7.0.300 / Virus Database: 265.7.2 - Release Date: 1/21/05
