>
> Paul Cockshott;
> For your first question do you want the pragmatic answer or the
> ideal one?
>
> The pragmatic answer is that one uses BEA estimates of capital stock
> at current replacement cost when working on US figures for example.
These data take no account of technical change.
>
> The ideal answer is that one would have access to data on the hours
> currently expended to produce the replacement goods. Of course
> contemporary economic statistics are not that good.
>
No. They are unavailable. Yet without this data, how can you make
the measurements?
> For your second question, can you please clarify what you are asking.
> Are you asking about the value of their labour power or the value
> that they create?
>
How would you allocate the work of the software engineers in a business that
produced a wide range of goods?
-- Michael Perelman Economics Department California State University Chico, CA 95929Tel. 916-898-5321 E-Mail michael@ecst.csuchico.edu