[OPE-L:2440] Normal profits

From: P.J.Wells@open.ac.uk
Date: Mon Feb 28 2000 - 09:49:01 EST

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In [2435] Ernesto wrote

> When Samuelson says "zero profits" he means that a normal "profit",
> remunerating a director's work, is included in costs. But even if you
> assume
> that the director's wage is nil, the result does not change.
        Is this really what Samuelson says -- normal profits are wages?
Isn't this a rather different tale to that normally told by orthodox
economists about normal profit?


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