[p2p-research] An End to Economic Growth
free.market.anticapitalist at gmail.com
Mon Aug 24 22:27:01 CEST 2009
On 8/24/09, Kevin Carson <free.market.anticapitalist at gmail.com> wrote:
> By way of analogy, in the cost-plus culture that prevails under the
> standard GAAP accounting rules for inventory absorption that prevail
> in Sloanist mass-production industry, all the inputs wastefully
> consumed are incorporated into the “value” of the goods that are
> “sold” to inventory. So all consumption of inputs is the creation of
> value, just like under a Soviet-era Five Year Plan.
Ack! I missed that second, superfluous "that prevail."
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