Comments for National Income Accounting for the Washington Post and Robert Samuelson at http://www.cepr.net , comment 1 to 10 out of 10 comments http://www.cepr.net Tue, 18 Jun 2013 21:05:39 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11266 Technical change is often embodied in capital goods, therefore new cpaital goods are commonly changed into capital goods, so that new such goods are more productive than the ones they replace. A share of replacement investment is in reality an addition to the capital stocks. However, this is rather difficult to measure. Moreover, my concern and the concern of many others is with economic depreciation (as opposed to physical). In this regard many economists prefer to use GNP rather than NNP, in order to avoid relying on a unstable imputation. - accounting software Fri, 02 Sep 2011 04:10:20 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11176 Dean writes, " equipment and software investment share of GDP is already almost back to its pre-crash levels." I keep seeing stuff about how the big firms have tons of cash sitting around -- which I take to mean that they are not investing because there aren't good options. Can someone clarify what to mean looks like a contradictions? Is the investment share of GDP higher because GDP took a hit? I'm easily confused. -- mac - Michael Connor Mon, 29 Aug 2011 08:05:54 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11079 "Is Negative Private Savings an Irrational Number? written by izzatzo, August 25, 2011 9:01 AM [i]What can we conclude from this? We can conclude that Samuelson and the Post do not know national income accounting.[/i] Neither does 99.99% of the rest of the population who don't have the attention span to read this. Stupid liberals." Therefore, according to izzatzo, the following equation must be true: Total population = 100% = liberals + 0.01% Thanks to Dean Baker for the helpful derivation of the (X-M) equation. Thanks to izzatzo for revealing the two components of the population equation. - Bob Canuck Fri, 26 Aug 2011 09:02:26 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11046 "So no one can consistently want both low private saving and cuts to Social Security and Medicare, unless they want the elderly to be very poor." What fun is it to be rich if everyone else isn't poor? - Keller Thu, 25 Aug 2011 14:58:31 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11045 Great post. - Jay Thu, 25 Aug 2011 13:50:51 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11035 You ask, "What can we conclude from this? We can conclude that Samuelson and the Post do not know national income accounting." Another possibility is that they don't care about national income accounting, they just want what is best for the rich. From this perspective, the editorially board and Samuelson are just foot soldiers in the class war on the side of the wealthy. - gary fitzgerald Thu, 25 Aug 2011 08:04:22 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11034 These people are like the people who think we can start as many wars we want and cut taxes at the same time -- no one has to pay for anything! - Brett Thu, 25 Aug 2011 08:00:08 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11031 This is wonderfully clear, except for the use of YD to stand for disposable income in equations (2) and (3). At first glance I thought YD meant YxD, and I would have understood fastera if disposable income had been notated as just plain D. - Rogermac Thu, 25 Aug 2011 07:25:02 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11025 Thanks for laying it out there. Even for those of us who think we remember our basic macro from years ago, it's nice to get a refresher. - Jim S. Thu, 25 Aug 2011 06:31:36 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/national-income-accounting-for-the-washington-post-and-robert-samuelson#comment-11018 [quote]What can we conclude from this? We can conclude that Samuelson and the Post do not know national income accounting.[/quote] Neither does 99.99% of the rest of the population who don't have the attention span to read this. Stupid liberals. - izzatzo Thu, 25 Aug 2011 04:01:16 +0100