Monetary policy is said to influence aggregate demand via:
1) the wealth effect regarding consumer spending
2) the interest rate effect, as a lower price level increases savings
3) the exchange rate effect.
Keynesians claim that the wealth effect is small, because money holdings are
a minor part
--- Kevin Carson [EMAIL PROTECTED] wrote:
One neocon recently argued that anyone who does not
support Isreael is, by definition, an antisemite,
because Israel is the Jewish national homeland.
Which is ironic in that Arabs are Semitic as well.
Picking sides in the conflict is not anti- or
The aggregate demand curve, plotting price level against output, is said to
slope down because of the wealth effect on households, the interest rate on
investment, and the exchange-rate effect on exports.
Keynesians claim the interest rate effect - savings rising when prices fall -
is more
--- Kevin Carson [EMAIL PROTECTED] wrote:
I know Georgists support land taxes (or community collection of rent, if
you prefer) to fund services. That is one of my central points of
disagreement.
Ideally, taxes should be eliminated altogether.
In which case you yourself are 80% Georgist,
Suppose, for the sake of argument, that you wish to
speculate in U.S. Citizenship Stocks, UCS for
short--pronounced yuks. By low sell high, and all
that sort of thing.
Assume that:
1. An individual is free to own many UCS
2. Non-human legal entities may own UCS
3. There is no legally
Eric Crampton:
The break-up value shouldn't be less than the value of the assets in
the country
Only if the New Institutionlaists are all wet about asset specificity.
Me, I think that the value of individual assets is _embedded_ in
specific locations, relations, uses, contracts, plans, etc.
Hence the
rise in the value of a painting is zero-sum for society.
can't
the same can't be said of the appreciation in any tangible asset, such as
real estate?
David
Yes.
The point is to differentiate a change in net worth due to appreciation from
a change of net worth due to saving
I was wondering if anybody knew of work relating to the reliability of
accounts data given the recent cases of alleged corporate
mismanagement/fraud. I am a bit of a novice in the area so if there is even
anything that is old that would be helpful too.
Tim James.
--- William Dickens [EMAIL PROTECTED] wrote:
Economic income is consumption plus the change in net worth
Not in national income and product accounts.
Right. National income accounts track *accounting* income, not
*economic* income.
The economic meaning of income is the Haig-Simmons
Kevin Carson wrote
By funding services out of general
revenue, we break the market price system's feedback link that tells
the
consumer the real cost of what he consumes, and lets him adjust his
level of
consumption on the basis of the price signal. I suspect that there
are very
few
Hi. I'm on vacation, and can't respond to this thread much now, but
will when I get back in a week and a half. But for now let me confirm
that we can think of this discussion in two steps. One, assuming that
a CEO maximized share value of a nation, what would they do wrong or
right. And
In a message dated 8/16/02 11:50:09 AM, [EMAIL PROTECTED] writes:
In some sense, local tax collecting communities would then act as
competing corporations – to link this thread with the other topic
floating around on the list
- jacob braestrup
In some sense they do already. New York
12 matches
Mail list logo
