[p2p-research] An End to Economic Growth

[Kevin Carson]

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."

-- 
Kevin Carson
Center for a Stateless Society http://c4ss.org
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