Re: (OPE-L) Ajit's paper (costs)

From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Mon Jun 14 2004 - 09:35:15 EDT

Phil, I have a feeling that I'm wasting time here. I'm
too tiered now to go on and on with people who simply
show no comprehension at all of what I write. If you
are trying to pull a Rakesh on me, I'm going to do the
same--haven't got time to waste. ajit sinha
--- Phil Dunn <pscumnud@DIRCON.CO.UK> wrote:
> Ajit wrote:
> >
> >Phil, I have a feeling that by now you have
> understood
> >the bankruptcy of your argument, but don't want to
> >accept it publicly.
> A communication problem here. Ajit.  I am grateful
> to you for
> providing a counter-example which demolishes
> replacement cost
> accounting.  Any system of inflation accounting
> should default to
> historical cost accounting when there is no
> inflation.  Replacement
> cost accounting does not do this.
> >  The point I'm making is a logical
> >one. Now you realize that the TSS calculation of
> >profits is irrational.
> I do, do I?
> >  It can show a continuous
> >positive rate of profits for sectors that are
> >economically not viable.
> Give your definition of viable.  It is not, by any
> chance, static, is it?
> >  This contradiction is a
> >logical contradiction. I gather from Fred's earlier
> >postings that he is also doing the same thing, and
> >thus this criticism applies to him as well. Cheers,
> >ajit sinha
> Please spell out the argument.
> Phil

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