Re: [OPE-L] The hidden significance of second-hand goods in the world economy

From: Michael Perelman (michael@ECST.CSUCHICO.EDU)
Date: Sat Mar 31 2007 - 15:24:01 EDT

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The economics of secondhand goods was a central theme in the second half of my Keynes
book.

Even more difficult than getting a handle on secondhand goods is the challenge
figuring out the value of used capital goods that have not been marketed.  Without
knowing the value ( monetary value of course) of these goods to termination of the
rate of profit becomes impossible.
 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com

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