[Marxism] Economists Seek to Fix a Defect in Data That

Matthew Russo russo.matthew9 at gmail.com
Tue Nov 10 17:30:58 MST 2009


A pity that the oil pricing question got piggybacked onto what I was
interested in hearing about:  How manufacturing labor productivity is
measured in the U.S.  That has nothing to do with the pricing of petroleum,
which as a mineral resource is principally rent-bearing as its wild price
swings show, i.e. principally a means for the distribution of surplus value
in the form of surplus profit, though there is a minor capitalized component
in its extraction and distribution, ex- refinery.  So petroleum is apples
and oranges here.  Don't want no merry-go-rounds here.

-Matt

----- Original Message -----
From: "S. Artesian" <sartesian at earthlink.net>
To: "Marv Gandall" <marvgandall at videotron.ca>
Sent: Tuesday, November 10, 2009 10:11 AM
Subject: Re: [Marxism]Economists Seek to Fix a Defect in Data That
Overstates the Nation?s Vigor (NYT)


Can we get off this merry-go-round?


Good idea.



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