michael wrote: > For some capital goods with an active national second hand goods, say cars with blue >book values, > you can do what you say. For most capital goods, you cannot. Many capital goods >are too > specialized to have a "price today." _________________ I find it hard to believe. If a capital good has no value in the market today, then of course it should be valued at zero dollars. However, all firms do have some market value, which must be arrived at by some estimation of the value of old capital goods today. Cheers, ajit sinha > > > Ajit Sinha wrote: > > > We take the price of the computer today to value the capital stock. What is the > > problem with that? Cheers, ajit sinha > > -- > Michael Perelman > Economics Department > California State University > Chico, CA 95929 > > Tel. 530-898-5321 > E-Mail [EMAIL PROTECTED]
