From: Paul Cockshott (wpc@DCS.GLA.AC.UK)
Date: Sat Sep 09 2006 - 16:54:11 EDT
Jurrian wrote It is very difficult to estimate any meaningful national "stock value" for net financial assets, but arguably it is larger than the stock of physical assets. Of course, in part the financial assets refer to claims on physical assets. Financial claims I think are not just information, but tradeable values (though not labor-values in Marx's sense, because these apply to product-values - at most financial claims can be *expressions or representations* of product-values. ------------------------- Paul We know the net stock of financial assets with great precision. It is zero. To every financial asset there is an equal and opposite financial liability. The integral over the lot will always sum to zero. -------------------------------
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