Doug wrote,
> Institutions and social structures like classes configure those
> people in arrangements that make possible surplus generation
> and distribution. But the start and end of any economic activity has to be
human
> beings doing stuff together.
True. But this do not imply you have to s
- Original Message -
From: "Eric Nilsson" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Wednesday, June 05, 2002 10:21 AM
Subject: [PEN-L:26600] RE: Re: Re: Re: RE: Re: RE: RE: Estimating
Surplus
> Doug wrote,
> >
> > I was just citing the conve
Doug wrote,
>
> I was just citing the convention of the NIPAs. Conceptually, the
> people who make up households have to be the producers and recipients
> of everything, since corps are just legal fictions, no?
It is a fiction that corporations are "quasi-persons." Regardless of that,
corporation
Title: RE: [PEN-L:26584] Re: RE: RE: Estimating Surplus
for a quick & dirty estimate of the surplus, use total property income (as a percentage of the private sector's product): interest plus profit plus rent. JD
-Original Message-
From: [EMAIL PROTECTED]
To: [EMAIL PROTEC
[EMAIL PROTECTED] wrote:
>Doug wrote,
>> The concept is that households are
>> the ultimate holder of business debts - financial institutions are
>> just intermediaries.
>
>It depends on your theory, I guess. What you say above is reasonable from the
>point of view of some economists.
I was j
PROTECTED]
Subject: [PEN-L:26582] Re: RE: Re: RE: RE: Estimating Surplus
Eric Nilsson wrote:
>Doug wrote,
>> Net interest is figured as what biz pays to households, right? It's
>> an expense for business and an income for households.
>
>Yes indeed that is the case. I guess
Jim D wrote,
> Which you use would depend on what your purpose is. For
> studying time series, most of D&L's estimates of the profit
> rate mostly move together.
I am hoping to use it to provide students an estimate of the size of the
surplus. A quick and dirty estimate is all I want.
If I wa
Doug wrote,
> The concept is that households are
> the ultimate holder of business debts - financial institutions are
> just intermediaries.
It depends on your theory, I guess. What you say above is reasonable from the
point of view of some economists.
But in the crude marxist theory I work w
Eric Nilsson wrote:
>Doug wrote,
>> Net interest is figured as what biz pays to households, right? It's
>> an expense for business and an income for households.
>
>Yes indeed that is the case. I guess such a number doesn't add to capitalist
>surplus.
No but it's a subtraction from it. The conc
Title: RE: [PEN-L:26574] RE: Re: RE: RE: Estimating Surplus
> Doug wrote,
> > Net interest is figured as what biz pays to households, right? It's
> > an expense for business and an income for households.
Eric wrote:
> Yes indeed that is the case. I guess such a n
Max wrote,
> Part of profits are paid to households too.
>
> I don't see how you can include profits but not net interest paid.
I feel like Reagan, who allegedly was convinced by the last person he talked
with ...
I think I now would include net interest--these payments go to persons (as a
paym
Part of profits are paid to households too.
I don't see how you can include profits but not net interest paid.
mbs
> Doug wrote,
> > Net interest is figured as what biz pays to households, right? It's
> > an expense for business and an income for households.
>
> Yes indeed that is the case. I
Doug wrote,
> Net interest is figured as what biz pays to households, right? It's
> an expense for business and an income for households.
Yes indeed that is the case. I guess such a number doesn't add to capitalist
surplus.
For what it is worth:
Corporate profits + Estimated profit part of propr
Re Max's
> what about a corporation whose business is rental real estate
> that includes improvements to the land?
Such an activity would affect general corporate income, I guess.
Eric
.
what about a corporation whose business is rental real estate
that includes improvements to the land?
max
> -Original Message-
> From: [EMAIL PROTECTED]
> [mailto:[EMAIL PROTECTED]]On Behalf Of Eric Nilsson
> Sent: Tuesday, June 04, 2002 5:23 PM
> To: [EMAIL PROTECTED]
> Subject: [PEN-L
Eric Nilsson wrote:
>Of course, I'm not entirely sure whether net interest payments should be
>included as profit from lending something scarce (money) need not be profit
>from capitalist activities. But I haven't quite figured this out yet.
Net interest is figured as what biz pays to households
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