tag:blogger.com,1999:blog-7225373.post8883882395192466957..comments2024-02-29T03:34:23.190-05:00Comments on Who Were the Sea Peoples?: Capital goods: The produced means of production?gcallahhttp://www.blogger.com/profile/10065877215969589482noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7225373.post-68403225250590154782014-07-16T15:07:16.945-04:002014-07-16T15:07:16.945-04:00No he didn't.
The reasons above strike me as ...No he didn't.<br /><br />The reasons above strike me as good reasons why for some purposes we might want to differentiate these things. For general purposes I find Lachmann's argument decisive. gcallahhttps://www.blogger.com/profile/10065877215969589482noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-89025339114552477422014-07-16T14:50:04.745-04:002014-07-16T14:50:04.745-04:00In this link
http://www.econlib.org/library/NPDBo...In this link<br /> http://www.econlib.org/library/NPDBooks/Fetter/ftCIR2.html<br /><br />Fetter lists Böhm-Bawerk's reasons for making this distinction:<br /><br />1. Land is immovable. Capital is, for the most part, movable.<br />2. Land is a gift of nature. Capital is a result of labor.<br />3. Land cannot be increased, capital can be.<br />4. The social and economical position of the landlord is essentially different from that of the capitalist.<br />5. Property in land and property in movables are justified on essentially different grounds, and they are commonly attacked by quite distinct people.<br />6. Land is the special agent in a kind of production [agriculture?] that is economically distinguished by many important peculiarities.<br />7. The income from land differs in many ways from income from capital.<br />8. Using capital for all material means of acquisition leaves us no name for produced acquisitive instruments.<br />9. Popular usage does not put land under capital, but opposes the two.<br />10. Usage does not apply the term "interest" to the income from land<br /><br />Did Kirzner ever indicate if he shared some or all of these reasons for agreeing with Böhm-Bawerk categorization of land ?<br /><br />robhttps://www.blogger.com/profile/04682517711551179057noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-8214164467348297222014-07-15T05:31:13.740-04:002014-07-15T05:31:13.740-04:00First of all, keep accounting separate from econom...First of all, keep accounting separate from economic theory: they use the same words differently. (E.g., "profit.")<br /><br />In econ theory, there is: a sauce pan is almost always a capital good, unless it is just hung on a rack for its beauty. And certainly land can be a consumer good. The difference is in the use, not the good!gcallahhttps://www.blogger.com/profile/10065877215969589482noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-37813875140983654812014-07-15T05:05:18.845-04:002014-07-15T05:05:18.845-04:00Is there even a clear-cut distinction between capi...Is there even a clear-cut distinction between capital goods and consumer goods? A saucepan is normally considered to be a consumer good, yet it is only used as a tool to produce food. Land itself could be considered as a consumer good if it is a park or a garden.Gorilla Bananashttps://www.blogger.com/profile/13044093013423635830noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-54643931294536860962014-07-14T20:20:19.971-04:002014-07-14T20:20:19.971-04:00yes, it seems to me that excluding land would only...yes, it seems to me that excluding land would only make sense if the land was unowned. As soon as you establish some sort of legal ownership of the land, you have produced something.Ahttps://www.blogger.com/profile/17386123430230365251noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-62947809720408838562014-07-14T19:27:31.707-04:002014-07-14T19:27:31.707-04:00Yes, Mr., but then Boehm-Bawerk's definition l...Yes, Mr., but then Boehm-Bawerk's definition loses its bite: I also have to pick out and purchase a piece of land for my business! And he means to exclude land. gcallahhttps://www.blogger.com/profile/10065877215969589482noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-81687413674170159092014-07-14T19:24:08.191-04:002014-07-14T19:24:08.191-04:00An element in a plan to produce a comsumer good. An element in a plan to produce a comsumer good. gcallahhttps://www.blogger.com/profile/10065877215969589482noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-38848367470414403882014-07-14T19:17:17.371-04:002014-07-14T19:17:17.371-04:00Possibly the work involved in choosing, picking up...Possibly the work involved in choosing, picking up and placing a perfectly-shaped stone into your wall constitutes a form of production?Ahttps://www.blogger.com/profile/17386123430230365251noreply@blogger.comtag:blogger.com,1999:blog-7225373.post-65919755965731838182014-07-14T19:03:54.500-04:002014-07-14T19:03:54.500-04:00What exactly is a capital good?What exactly is a capital good?Samson Corwellhttps://www.blogger.com/profile/10148822362930969284noreply@blogger.com