RE: [OPE] replacement cost and historical cost (again)

> Simple example of a circulating capital case.
 
Hi Phil:
 
Without really wishing to engage in this discussion (again),
it seems to me that for this question, numerical examples
from a circulating capital-only illustration are foul balls
since the debate concerns the valuation and
depreciation of elements of constant fixed capital.
 
In solidarity, Jerry_______________________________________________
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Received on Wed Sep 2 10:20:34 2009