Re: [OPE-L] basics vs. non-basics

From: Gerald_A_Levy@MSN.COM
Date: Fri Sep 23 2005 - 15:06:12 EDT

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> [Re temporal valuation theories]  The value of outputs is equal to the
> value of inputs plus value added.  Value added is always positive.

Hi Phil:

Good.  That was my point -- both simultaneous and temporal
valuation theories  'breakdown' in situations in which there is
no value added.

In solidarity,  Jerry

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