Re: [OPE] Plutonomies redux

From: wpc <wpc@dcs.gla.ac.uk>
Date: Tue Oct 20 2009 - 08:46:25 EDT

Jurriaan Bendien wrote:
> The
> 2008 UNSNA revision therefore recommends that all military expenditure that
> meets general UNSNA criteria for capital formation (investment in goods
> which are used in production for more than one year) will be treated as
> capital formation. Weapons systems and military inventories will be
> separately distinguished within fixed capital formation and inventories.
>
Smith would be turning in his grave!
>
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>
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Received on Tue Oct 20 08:54:54 2009

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