From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Mon Jun 14 2004 - 09:35:15 EDT
Phil, I have a feeling that I'm wasting time here. I'm too tiered now to go on and on with people who simply show no comprehension at all of what I write. If you are trying to pull a Rakesh on me, I'm going to do the same--haven't got time to waste. ajit sinha --- Phil Dunn <pscumnud@DIRCON.CO.UK> wrote: > Ajit wrote: > > > > >Phil, I have a feeling that by now you have > understood > >the bankruptcy of your argument, but don't want to > >accept it publicly. > > A communication problem here. Ajit. I am grateful > to you for > providing a counter-example which demolishes > replacement cost > accounting. Any system of inflation accounting > should default to > historical cost accounting when there is no > inflation. Replacement > cost accounting does not do this. > > > The point I'm making is a logical > >one. Now you realize that the TSS calculation of > >profits is irrational. > > I do, do I? > > > It can show a continuous > >positive rate of profits for sectors that are > >economically not viable. > > Give your definition of viable. It is not, by any > chance, static, is it? > > > This contradiction is a > >logical contradiction. I gather from Fred's earlier > >postings that he is also doing the same thing, and > >thus this criticism applies to him as well. Cheers, > >ajit sinha > > Please spell out the argument. > > Phil __________________________________ Do you Yahoo!? Friends. Fun. Try the all-new Yahoo! Messenger. http://messenger.yahoo.com/
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